Pexapark, a Zurich, Switzerland-based market intelligence, software and advisory company, specialised in renewable energy, raised US$21M in Series C funding.
The round was led by Telstra Ventures, with participation from Swisscom Ventures and A&G Energy Tech Transition Fund. These new investors joined Pexapark’s strategic investors including RP Global, Encavis, BayWa r.e. Energy Ventures, S&P Global and Fluence Energy, Inc.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Michael Waldner, Pexapark is a provider of Power Purchase Agreement (PPA) price reference, risk and portfolio management software (PexaOS) and advisory services for renewable energy. With more than 30,000 MW of renewable PPA transactions supported, it is the reference for buying, selling and managing renewable energy. Its PPA reference prices increase transparency across 19 markets and its advisory team and software suite enable companies to close PPA transactions, manage their market risk and monetise their renewable energy investments.
Together, these services have been adopted by over 200 renewable energy, storage and green hydrogen players across Europe – including leading companies such as Octopus Energy Generation, Statkraft, BP, EDF Renewables and Covestro.
FinSMEs
26/09/2023