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.

Led · Series B · Dec 2020

Launched in 2015 in Senegal, Oolu provides affordable energy access via solar home systems to rural and peri-urban customers. Its core product is pay-as-you-go solar home systems; the company has sold more than 60,000 systems across Nigeria, Senegal, Mali, Burkina Faso, and Niger. Oolu plans to expand its core product offering to meet the needs of current and future customers and to further develop its operations in West Africa. Management said the business demonstrated resilience and customer demand during the global pandemic. The company raised new funding to accelerate growth across its five markets. Oolu sells pay-as-you-go solar home systems (SHS) to rural, off-grid customers on low monthly fees paid via mobile money, and provides installation, maintenance, free battery replacements and upgrades. The company was founded in 2015, incubated in Y Combinator, and operates with a Dakar-based management team and more than 130 full-time employees. Oolu has sold more than 34,000 SHS in less than three years across Senegal, Mali and Burkina Faso. Its core product powers lights, phone chargers, radios, fans and televisions and targets customers who lack reliable or safe lighting. The company says it has ambitious product development and geographic expansion plans and aims to become a leading energy and financial services provider to rural households in West Africa and beyond. Oolu is a Senegal-based photovoltaic (PV) company serving off-grid customers in West Africa. It offers solar energy solutions and aims to become a leading energy and financial services provider in the region. The company will use its Series A proceeds to invest further in operations in Senegal and Mali and to expand into a third West African market in 2018. Oolu previously completed a seed round in 2015. The company raised US$3.2 million in equity in this Series A to support growth and customer expansion. CEO Dan Rosa described the fundraise as an important milestone and a vote of confidence from its investors.