Pexapark raised EUR 20 Million in a Series C funding round to supercharge renewable energy services expansion

26.09.2023 12:30, Rita Longobardi

The Swiss FinTech company aims to bolster the expansion and development of its innovative Power Purchase Agreement transaction advisory services. This significant investment marks a milestone for Pexapark, as the company continues to revolutionize the renewable energy market by enhancing risk management for renewable energy sales on a global scale.

Established in 2017, Pexapark specializes in delivering software solutions and advisory services tailored for the post-subsidy renewable energy sector, with a particular focus on sales and risk management. Currently, the company extends its reach to provide price transparency in 19 distinct markets and has actively facilitated over 30 gigawatts (GW) worth of Power Purchase Agreement (PPA) transactions. PexaOS, the company's flagship platform, is now actively employed by Independent Power Producers (IPPs) and investment funds to manage a total of 13 GW in renewable energy assets across Europe.

Pexapark proudly reports that its offerings have been adopted by more than 200 renewable energy, energy storage, and green hydrogen firms throughout Europe. Notable clients include industry leaders such as Octopus Energy, Generation, Statkraft, BP, EDF Renewables, and Covestro.

Led by Telstra Ventures, the EUR 20 million Series C round also attracted support from prominent investors, including Swisscom Ventures, and the A&G Energy Transition Tech Fund.

“Despite this, renewable energy investors face a complex set of challenges - from market opacity to price volatility and regulatory pressures. In this dynamic landscape, possessing both market intelligence and energy risk management capabilities has become absolutely critical. These capabilities are crucial not only for competitively pricing energy but also for safeguarding capital by effectively managing exposure to market risks," said Michael Waldner, CEO of Pexapark.

Pexapark was selected as a participant in the Venture Leaders Fintech 2019.

“The chance to connect with other fintech entrepreneurs and stay in touch beyond the fintech program proved to be an invaluable asset for growing our company,” said Michael.


Pexapark Co-Founders: Luca Pedretti, Michael Waldner, and Florian Müller