PPA software firm Pexapark pulls in EUR 20m in fresh funds

Swiss renewable energy-focused software and advisory services company Pexapark announced today that it has secured EUR 20 million (EUR 21.2m) in a fundraising transaction to expand its team and offerings amidst the renewable power market’s growth.

Pexapark specialises in power purchase agreement (PPA) price reference, risk and portfolio management. It has supported more than 30 GW of PPA deals so far, while its PexaOS software manages 13 GW of renewable energy assets across Europe. The company counts among its more than 200 customers Octopus Energy Generation, Statkraft, BP, EDF Renewables and Covestro.

The Series C round was led by technology investor Telstra Ventures. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund.

The new backers are joining Pexapark’s existing investor base that includes RP Global, Encavis, BayWa r.e. Energy Ventures, S&P Global and Fluence Energy Inc.

(EUR 1 = USD 1.060)

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