Enmacc GmbH, a Munich, Germany-based over-the-counter (OTC) energy trading platform, held the second and final closing of its Series B financing round, three months after raising an 8-figure sum as part of the first closing.
Bayern Kapital’s Wachstumsfonds Bayern joined the list of top-tier investors in Enmacc – alongside Alantra’s Klima Energy Transition Fund, which led the financing round, and the 10x Group. Previous investors also included Chevron Technology Ventures, Piton Capital, and Illuminate Financial.
The company is using the capital to strengthen its position across Europe and introduce additional commodities, starting now with guarantees of origin then soon followed by CO2 emission allowances (EUAs).
Led by Jens Hartmann, CEO, Enmacc is an OTC energy trading platform which digitalises the energy trading process. It is used by over 450 customers, and hosts a network of almost 2000 traders from various institutions — energy suppliers, industrial companies, energy trading houses, and municipal utilities.
Enmacc is now using its reach in the European market to accelerate the energy transition. Moving beyond power and gas, they have started rolling out environmental commodities — like guarantees of origin, and soon carbon allowances — trading on the platform.
FinSMEs
08/02/2023