Led · Equity · Dec 2023

TokWise, founded in 2018, provides an AI-powered SaaS platform that links physical renewable assets directly to power exchanges. The platform enables power producers, green suppliers, commercial and industrial prosumers, aggregators and traders to control electricity purchases and sales and reduce risk in volatile markets. TokWise has built a data science team to develop algorithms that allow complete automation of power trading decisions. Its product addresses increased market volatility driven by higher shares of renewable generation by matching production and consumption. The company says the latest investment will expand its access to new markets and increase exposure across the EU. Strategic partnerships with investors are expected to bring industry knowledge and market access to accelerate growth.

Participated · Series C · Sep 2023

Pexapark provides Power Purchase Agreement (PPA) price reference, risk and portfolio management software (PexaOS) and advisory services for the renewable-energy sector. Its PPA reference prices cover 19 markets and the company has supported more than 30,000 MW of renewable PPA transactions. Pexapark’s software and advisory offering is used to close PPA transactions, manage market risk and monetise renewable energy investments. The services have been adopted by over 200 renewable energy, storage and green hydrogen players across Europe, including Octopus Energy Generation, Statkraft, BP, EDF Renewables and Covestro. Led by CEO Michael Waldner, the company positions itself as the reference for buying, selling and managing renewable energy. Pexapark plans to use the new funding to expand operations and broaden its business reach. Pexapark offers an operating system that combines software and advisory services to cover the full energy trading and sales workflow—from price discovery to analytics, execution, and monitoring—for solar and on- and offshore wind. Its solutions are underpinned by PPA price reference data and quantitative analytics and are used by customers such as Ardian, Brookfield’s CEE Group, CIP, TotalEnergies, and Ørsted. The company operates across 18 countries and employs more than 80 people across Europe. Since launching in 2017, Pexapark has focused on helping developers, IPPs, funds, utilities and corporates manage revenues and portfolio risk in subsidy-free, volatile markets. The business plans to expand into storage, trading-as-a-service, and portfolio management and to significantly grow headcount across Europe in 2022. Recent funding and government support are intended to accelerate that geographic and product expansion. Founded in 2017 and headquartered in Zurich, Pexapark builds software and offers consulting to support the sale of renewable energy, with tools for price discovery, analysis, procurement and PPA management. The company applies quantitative analytics to power risk- and portfolio-management tools and broader advisory services. Pexapark reports having helped finance over 5 GW of projects through PPAs. Its customer base includes firms such as RWE, Credit Suisse, Vestas and EEX. Pexapark is currently active in major European renewable markets and plans to expand its global presence. The company recently secured growth capital to accelerate that international expansion. Pexapark develops a platform that helps owners of wind farms and solar parks structure power sales, close transactions and monitor energy risks. The company aims to make renewable energy trading easier, faster and lower-cost amid growing market complexity and volatility. Clients include traders at Credit Suisse AG and Encavis AG, and Pexapark has advised more than 2.2 gigawatts of power purchase agreements in Europe. Founded in 2017 and based in a startup space in Zurich‑Schlieren, the company had about 20 employees. In December 2018 it raised €3.5 million to develop its trading platform and hire more staff, and it planned to raise additional capital in 2020.