The lead investor in the current funding round is Klima Energy Transition, a late-stage venture capital fund managed by asset manager Alantra. Chevron Technology Ventures and existing investors also participated in the investment. To date, Enmacc has been financed by Cherry Ventures, Piton Capital, Illuminate Financial, and 10x Group. According to the company, additional investors will participate in the already oversubscribed round in the coming weeks. Enmacc plans to use the fresh capital to expand its market position in Europe.
450 European companies use Enmacc
Jens Hartmann, CEO of Enmacc, says:
“The current energy crisis shows that energy trading needs to continue evolving. It must become more digital and promote the diversity of market structures. The energy transition can only succeed on the basis of efficient markets that create economic incentives for decarbonization.”
The Munich-based company enables over-the-counter futures trading in gas, electricity, and green electricity certificates. 240 municipal utilities, energy suppliers, traders, and industrial companies in Germany already use their platform. Across Europe, Enmacc counts over 450 companies from 21 countries among its customers.
“Enmacc has impressively digitally transformed the trading of gas and electricity, and in doing so has rapidly convinced a large customer base in a conservative market,”
says Bastien Gambini, managing partner at Klima Energy Transition.
“We believe that the unique combination of outstanding technology and long-standing industry expertise will make Enmacc successful in the future in trading additional energy products and environmental goods. With its platform, the company holds an internationally leading position in energy trading. At the same time, Enmacc with its technology is a pioneer for faster transformation in the energy sector.”
As a next step, the technology company, founded in 2016, wants to bring additional products to the platform and introduce trading in CO2 emission certificates and green energy certificates.
