Pexapark raises 6 million euros

Pexapark has raised a total of 6 million euros as part of a Series B financing round, as detailed in a press release issued by the Schlieren-based start-up. The financing round was led by BayWa r.e. Energy Ventures. In addition to the seed investor RP Global, Encavis was also involved in the process.

Pexapark offers consultancy services to energy industry stakeholders such as operators of wind farms and investors on the changing requirements seen in the market for renewable energies. To this end, Pexapark also provides the relevant software. The focus here is on Power Purchase Agreements (PPAs). “I am unbelievably proud of the hard work undertaken by our team over the past three years in order to transform Pexapark into a market leader in the field of software and consultancy for the sale of renewable energies”, comments Michael Waldner, Co-Founder and CEO of Pexapark, in the press release. He adds: “The new financing round will help us grow and facilitate the development of many more gigawatts around the world.

In this context, Pexapark is not only looking to sustain its growth on international markets, but rather to speed this up. “We are delighted to support the growth path of a company working to accelerate the transition of the renewable energies sector towards an open market”, comments Ulrich Seitz, Managing Director of BayWa r.e. Energy Ventures. “The data sets and software developed by Pexapark have already created a great deal of transparency with regard to the existing market risks in Europe”, Seitz adds.