German tech company Enmacc has raised a double-digit million amount in a Series B funding round. The financing round was led by Klima Energy Transition. Chevron Technology Ventures and existing investors also invested. In the coming weeks, more investors will participate in the already oversubscribed round.
Enmacc was founded in Munich in 2016 and aims to digitalise the energy market: The start-up enables over-the-counter futures trading in gas, electricity and green power certificates via a digital trading platform. Enmacc thus acts as an alternative to brokers and exchanges.
According to its own information, the vast majority of German market participants - 240 municipal utilities, energy suppliers, traders and industrial companies - already use the Enmacc platform. Across Europe, there are over 450 companies from 21 countries.
GLNS provided comprehensive advice to Enmacc in this financing round with Dr Daniel Gubitz and Dr Patrick Droese (both Corporate/Venture Capital). Osborne Clarke was on the side of the main investor.