enmacc receives 7 million Euro growth capital in Series A financing round

enmacc has tailwind! We feel the enormous customer interest and the growth in trading volumes knows only one direction: steeply upwards. In addition, there is now a large financing round for enmacc.

This is important for a young and ambitious company. Now we can powerfully realize our vision of digital energy trading internationally. With this funding, we are strengthening our independence and can pursue our growth targets in the long term. 

We have – together with you – great plans in mind and we have been able to win further first-class investors for these plans.

The 7 million Euro financing round is led by technology investor Piton Capital. Piton Capital has earned a reputation for its focus on business models with strong network effects. Illuminate Financial, the fund for capital market and trading technologies, is also investing.

Our existing investors 10x, Cherry Ventures and numerous Business Angels will also participate again.

Their enthusiasm is further recognition and motivation for the enmacc team:

‘enmacc has shown impressive growth in both technology and market penetration,’ said Greg Lockwood, Partner at Piton Capital. ‘What Jens and the team have developed over the past three years is tremendously impressive and we look forward to working together to create a global innovation leader.’

We will continue to invest in our enmacc platform and use the additional funds to shape pan-European energy trading together with you. Now we can grow even faster, further expand the platform functionally, develop new markets and expand the network for all participants.

THANK YOU for the trust and the great collaboration!

We hope to meet you all on 04.09.2019 at our enmacc network event to celebrate together with you. 

Your enmacc Team

About Piton:

Founded in 2010, Piton Capital is a venture capital and growth equity firm headquartered in London and investing in businesses with network effects. Since its foundation, Piton Capital has invested in over 30 companies, mainly in Europe.

About Illuminate Financial:

Established in 2014, Illuminate Financial Management is a London and New York based specialist venture capital fund focused on enterprise fintech and software solutions for institutions in financial markets and invests in early-stage enterprise fintech solutions.

About 10x:

We are 4 serial entrepreneurs who invest our own money in founder teams in Europe and the Silicon Valley. We have ourselves founded and built 7 companies with operations in over 30 countries on all 6 continents, and have already exited 3 of them (the others still growing).

As angel investors we have invested into more than 100 founder teams across Europe and the US, usually going in early as we can help best with our own entrepreneurial experiences in those stages. As we only invest our own money we can be fast and unconventional.

You will find a selection of our investments here: http://www.10x.group/

About Cherry Ventures:

Cherry Ventures is a Berlin-based Venture Capital fund, founded by a team of entrepreneurs with substantial experience in building fast-scaling consumer businesses. Cherry Ventures focuses on seed stage companies and invests across Europe.