Enmacc has raised €10M in total. We talked with Volker Puck, its co-founder and managing director.
How would you describe Enmacc in a single tweet?
Enmacc builds digital marketplaces to trade energy (e.g., power, gas) on a wholesale level.
We digitize the process of energy trading and procurement by replacing outdated technology. Our customers gain speed, efficiency, and security. Moreover, business opportunities.
How did it all start and why?
I was an energy trader for many years and was very much annoyed about the manual processes and the lack of technology in certain areas of the business. I compared it to other trading markets like FX or bond trading. Energy trading technology and evolution were at least 10 years behind.’
What have you achieved so far?
In two years time, we were winning about 3/4 of all market participants in Germany as paying customers. We have more than 200 customers, including some global players such as Gazprom, Engie, OMV, Centrica, Vattenfall, Statkraft, and RWE.
Eight hundred professional traders are active, making it soon the most abundant energy trading network worldwide.
The trading volume on enmacc is at annually 8 billion USD. Year-on-year growth is north of 200%.
How will you use your recent funding round?
We are planning on growing the team, especially our engineering and account management team. The focus for us is the expansion in new markets like the C.E.E., Scandinavia, BENELUX and UK.
What do you plan to achieve in the next 2-3 years?
We want to become a global player in this field.
