Landshut/Munich — Munich-based tech company Enmacc, opera­tor of the largest digi­tal OTC energy trading plat­form for gas and elec­tri­city in Europe, has announ­ced the second and final closing of a Series B finan­cing round — three months after the first closing with a volume in the eight-digit euro range. Now Bayern Kapi­tal, one of the most expe­ri­en­ced and active growth inves­tors in the German high-tech finan­cing land­scape, is also joining Enmac­c’s circle of inves­tors with funds from the Bava­rian Growth Fund. Lead inves­tor is Alan­tra with the Climate Energy Tran­si­tion Fund and previous inves­tors such as 10x Group are also incre­asing their commitment.

Enmacc GmbH was foun­ded in Munich in 2016 and has since estab­lished itself as an alter­na­tive to tradi­tio­nal brokers and exch­an­ges for Euro­pean whole­sale energy trading with its digi­tal OTC (over the coun­ter) energy trading plat­form. As the Euro­pean market leader, the Munich-based energy company specia­li­zes in over-the-coun­ter futures trading in gas, elec­tri­city and green power certi­fi­ca­tes. The plat­form is based on the worl­d’s leading RFQ tech­no­logy, which enables energy trad­ers, port­fo­lio and risk mana­gers to share their trading inte­rest within seconds and thus receive imme­dia­tely compa­ra­ble offers from multi­ple trading part­ners. In doing so, Enmacc elimi­na­tes inef­fi­ci­ent and time-consum­ing market condi­ti­ons such as trading via tele­phone and e‑mail, and contri­bu­tes signi­fi­cantly to impro­ving trad­ers’ liqui­dity — espe­ci­ally when tradi­tio­nal order books of exch­an­ges and brokers show only few price quotes.

Jens Hart­mann, CEO of Enmacc, explains: “We are very plea­sed to have the trust and support of Bayern Kapi­tal as a long-term part­ner. The funding will allow us to expand our reach and improve our plat­form so that we are even better equip­ped for the rapidly evol­ving energy market and the need for decarbonization.”

“Enmacc has estab­lished itself as one of the leading compa­nies within the energy indus­try in just a few years with its inno­va­tive approach to digi­tiz­ing the energy market,” commen­ted Monika Steger, Mana­ging Direc­tor of Bayern Kapi­tal. “We see Enmacc as an important player in shaping the future of the indus­try and are proud to support the company as it conti­nues on its journey.”

Bastien Gambini (photo © Alan­tra), Mana­ging Part­ner at Alan­tra: “Enmacc has done an impres­sive job of digi­tally trans­forming gas and elec­tri­city trading, quickly gaining a large custo­mer base in a conser­va­tive market. We believe that the unique combi­na­tion of supe­rior tech­no­logy and indus­try exper­tise will make Enmacc successful across a broad spec­trum of energy and envi­ron­men­tal commo­dity trading. With its plat­form, the company is posi­tio­ning itself as a global market leader in energy trading and a pioneer for an acce­le­ra­ted energy transition.”

About Enmacc
Enmacc is the largest OTC energy trading plat­form in Europe. Deve­lo­ped by trad­ers for trad­ers, Enmacc digi­ti­zes the energy trading process — the digi­tal market­place enables members to trade faster, more compre­hen­si­vely and with grea­ter control. Enmacc is trus­ted by over 450 custo­mers and hosts a growing network of nearly 2000 trad­ers from various insti­tu­ti­ons — inclu­ding utili­ties, indus­trial compa­nies, energy trading houses and muni­ci­pal utilities.

In addi­tion to elec­tri­city and gas, envi­ron­men­tal goods such as guaran­tees of origin and emis­sion certi­fi­ca­tes will also be traded on the plat­form in the coming months. Enmacc was foun­ded in Munich in 2016 and has since evol­ved into a leading B2B tech­no­logy company with a diverse and growing team. www.enmacc.com

About Alan­tra

Alan­tra is an inter­na­tio­nal finan­cial services company with over 555 employees from 35 count­ries in 25 offices. We are a global company. We do not have a head office. Each market in which we operate is as important as the other. Each employee is as valuable as the other. And that means that each custo­mer’s needs are as important as the next.

About Bayern Kapital
Bayern Kapi­tal GmbH, based in Lands­hut, is the venture/growth capi­tal company of the Free State of Bava­ria. It accom­pa­nies inno­va­tive high-tech compa­nies in the Free State through various growth phases, from seed to later stage, with equity capi­tal in the amount of 0.25 to 25 million euros. Bayern Kapi­tal often fills gaps in the VC sector in proven consor­tium constel­la­ti­ons with private inves­tors (busi­ness angels, family offices and corpo­rate ventures).

Bayern Kapi­tal mana­ges specia­li­zed invest­ment funds with a volume of around 700 million euros. Since its foun­da­tion in 1995 on the initia­tive of the state govern­ment, the wholly owned subsi­diary of LfA Förder­bank Bayern has so far inves­ted around 400 million euros of its own equity capi­tal in around 300 start-ups and scale-ups in sectors such as life scien­ces, soft­ware & IT, mate­ri­als & new mate­ri­als, nano­tech­no­logy and envi­ron­men­tal tech­no­logy. As a result, more than 8,000 jobs have been perma­nently crea­ted in Bava­ria in sustainable compa­nies. The active port­fo­lio curr­ently compri­ses over 80 companies.