The lead investor in the current financing round is Klima Energy Transition, a late-stage venture capital fund of the asset manager Alantra. Chevron Technology Ventures and existing investors also participated in the investment. Enmacc has previously been financed by Cherry Ventures, Piton Capital, Illuminate Financial, and the 10x Group. According to the Company Additional investors will participate in the already oversubscribed round in the coming weeks. Enmacc intends 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 must evolve. 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 provide economic incentives for decarbonization."
The Munich-based company enables over-the-counter futures trading in gas, electricity, and green energy certificates. 240 municipal utilities, energy suppliers, traders, and industrial companies in Germany already use its platform. Across Europe, Enmacc counts over 450 companies from 21 countries among its customers.
“Enmacc has impressively digitally transformed gas and electricity trading and has thus quickly won over a large customer base in a conservative market,”
says Bastien Gambini, Managing Partner at Klima Energy Transition.
"We believe that the unique combination of superior technology and long-standing industry expertise will make Enmacc successful in trading other energy products and environmental goods in the future. With its platform, the company occupies a leading international position in energy trading. At the same time, Enmacc's technology is paving the way for a faster transformation in the energy sector."
As a next step, the technology company, founded in 2016, plans to bring additional products to the platform and introduce trading in CO2 emission certificates and green energy certificates.
