Pexapark, a leader in software and advisory services for renewable energy sales, has completed a second round of Series B funding for a total of €8m. This round began in late 2021, bringing Pexapark’s total Series B funding to €14m, and its total equity investment to €19m, accelerating its growth in the global renewable energy market.
The funding round, formally announced this month, has seen S&P Global Commodity Insights, which includes S&P’s Platts price benchmarks, and Fluence, an energy storage and digital applications leader, join existing Series A and B investors Encavis, RP Global and BayWa r.e. Energy Ventures in backing the fast-growing business.
This latest funding will support the continued expansion of Pexapark – which now employs more than 80 people across Europe – into new business areas of the renewable energy ecosystem, such as storage, trading as a service and portfolio management, which are critical to fully enabling the energy transition. It will also see the business embark upon a significant expansion in headcount across Europe through the course of 2022. Pexapark was founded in 2017 with the purpose of accelerating the energy transition towards net zero by creating an efficient market for renewable energy.
Walder Wyss has advised Pexapark in this transaction. The team was led by Ramona Wyss (partner, transactions, pictured) and further included Christoph Zaugg (senior associate, corporate/m&a) as well as Timon Nydegger (senior associate, corporate/m&a).