Germany, enexion Receives Seed Funding from High-Tech Gründerfonds

enexion GmbH, a Kronberg, Germany-based energy procurement service provider for industry and medium sized businesses, has received a first round of funding from institutional investors with participation from High-Tech Gründerfonds (HTGF).

The company’s software platform aims to secure enduring energy procurement cost and risk reductions to its clients. By operating with a strict focus towards the buyer (demand) side, it covers all procurement processes, contains decision support tools, and provides several consolidated reporting functionalities.

Commenting on the funding, Theo Parpan, enexion’s technology and finance Managing Director, said: “The HTGF investment puts us in a position to speed up the development of our Web based IT platform substantially. We will be able to achieve the European roll out earlier than planned!”

According to an official statement, enexion’s decision to have HTGF as an investor depended on HTGF’s contact network, “which can act as a substantial multiplier for enexion’s business”.



Join the discussion