# Enmacc

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enmacc

- Industry: Financial Services
- Headquarters: Munich, Germany
- Website: www.enmacc.de
- Total disclosed funding: $215M
- Latest round: Series B (Feb 8, 2023)
- Investors on record: 8

## About

Enmacc GmbH is a digital energy trading platform facilitating over-the-counter transactions for gas, power, and green energy certificates. It enhances trading efficiency through innovative features tailored to energy market participants.Founded in 2016 in Munich, Germany, Enmacc GmbH operates a professional OTC energy trading platform. The company was established by Kai Schlegel and Marc Trieschmann. Its leadership includes CEO Jens Hartmann and Volker Puck. Enmacc has recently raised EUR 210.000 mn in a Series B round on 2023-02-08, led by Alantra, bringing the total amount raised to EUR 210.000 mn and a current valuation of EUR 1502.792 mn.Enmacc GmbH operates a professional OTC energy trading platform designed to enhance trading experiences in the energy sector. The core product offerings include a Request-for-Quote (RFQ) workflow that allows traders to create requests using natural language, ensuring an effortless trading experience. Additional features include anonymous trading options, automatic credit checks, and the ability to create custom spreads, combining various trading parameters such as location and time. The platform serves a diverse client base that includes over 600 member companies and more than 2,200 professional traders across Europe, facilitating transactions in gas, power, and green energy certificates (GoOs). Enmacc is focused on providing solutions that streamline trading processes and improve liquidity, primarily targeting markets within Germany and broader European energy trading environments.In 2022, Enmacc generated a revenue of EUR 3,443,351.30, with an EBITDA loss of EUR 4,549,742.40 for the same year. The company's revenue is driven through transaction-based activities on its trading platform, where clients engage in trading activities by sending RFQs and executing trades, incurring fees associated with these transactions.In February 2023, Enmacc GmbH raised EUR 210.000 mn in Series B funding, which will be utilized to expand its operations across Europe and introduce additional commodities, including guarantees of origin and CO2 emission allowances (EUAs). The company aims to enhance its platform capabilities while targeting new geographic markets and is committed to strengthening its position within the energy trading sector.

## Funding rounds

- Series B, Feb 8, 2023 — Alantra, Chevron Technology Ventures, Piton Capital, Illuminate Financial, 10x.Group
- Series B, Sep 26, 2022, $204M — Alantra, Chevron Technology Ventures, eja GmbH
- Series A, May 17, 2019, $7.8M — Piton Capital, Berlin Ventures, Cherry Ventures, Illuminate Financial, 10x.Group
- Seed, Mar 23, 2017, $3.2M — Berlin Ventures, Cherry Ventures, 10x.Group

## Investors

- Berlin Ventures (https://capitalatlas.ai/funds/berlin-ventures) — Seed, Series A
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed, Series A
- 10x.Group (https://capitalatlas.ai/funds/10x-group) — Seed, Series A, Series B
- Piton Capital (https://capitalatlas.ai/funds/piton-capital) — Series A, Series B
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Series A, Series B
- Alantra (https://capitalatlas.ai/funds/alantra) — Series B
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series B
- eja GmbH — Series B