enmacc
Munich, DE · Founded 2016 · 125 employees on LinkedIn · 6 known investors
enmacc operates a digital wholesale energy trading marketplace that provides market access and liquidity for energy market participants, including smaller and new players. The company aims to support a market-based energy transition and digitalise trading and process routines for producers, distributors, and traders.
Also known as Enmacc · enmacc GmbH
Founders & leadership
enmacc was founded in 2016 by Jens Hartmann.
Investors · 6
Also in the syndicate · 2
Company profile
researched Aug 2026enmacc GmbH operates a digital over-the-counter (OTC) trading venue for energy and environmental commodities in Europe. The platform is built around request-for-quote (RFQ) workflows: participants create RFQs, receive quotes of various types (good-till-cancelled, indicative or timed), negotiate prices directly, and execute trades either bilaterally or for clearing. Traded products span power, natural gas, emissions allowances (EUAs), Guarantees of Origin (GoOs), Renewable Energy Guarantees of Origin (REGOs), weather derivatives and standardised wholesale power purchase agreements, covering both physical contracts (from calendar products to day-ahead) and financial transactions such as spreads and exchange-for-physicals. Trading can be personal or anonymous, and is available through the web platform or automated via API.
The product set comprises entender, the RFQ trading screen for standard and non-standard energy products; enmarket, a live price screen and marketplace for bilateral one-click trading of power and gas standard products; and engreen, a pricing screen for GoOs and REGOs. Supporting services include automatic counterparty credit checks, clearing registration with straight-through processing in which enmacc acts as a non-trading broker, a "price echo" price-discovery data service for illiquid products, post-trade processing (eCM, eSM, REMIT and EMIR reporting via a Fidectus integration), risk-management settings, analytics and deal history, and enterprise security features such as single sign-on, IP whitelisting, SIEM integration and audit trails. Integrations exist with Refinitiv Eikon messenger, Microsoft Teams and portfolio-management systems including Robotron, Soptim and Klafka & Hinz. Clearing is supported through EEX, OMIP, ICE, MEFF and MIBGAS. A licensed subsidiary, enmacc Financial Services GmbH, enables regulated financial and cleared trading.
The company positions itself as democratising wholesale market access for new and smaller market participants and as creating liquidity in markets constrained by the location- and time-bound nature of energy, with the stated aim of enabling a market-based energy transition and the digitalisation of trading and process routines.
Business model
enmacc describes a SaaS plus usage-based model combining platform subscriptions or memberships with transaction- or volume-based fees; it states that exact commercial terms are not publicly disclosed. In cleared trades it registers transactions on behalf of traders in the role of a non-trading broker.
Platform subscription/membership fees combined with transaction or volume-based fees; commercial terms are not publicly disclosed.
Traction
As of 2025 the platform reported 600+ member companies and 2,200+ active traders. At the time of the February 2023 Series B second close, the company reported over 450 customers and almost 2,000 traders, and cited record trading activity at the end of 2022 amid market volatility. The website publishes counters for monthly RFQs, trades, traders, companies and TWh traded volume.
Latest developments
Following its Series B, enmacc said it would use the capital to strengthen its European position and add commodities, starting with guarantees of origin and then CO2 emission allowances. Current product scope includes standardised wholesale PPAs, REGOs and weather derivatives, an engreen pricing screen for GoOs/REGOs, natural-language RFQ creation, and post-trade reporting via a Fidectus integration. The company continues to run webinars and events into 2026, including sessions on PPA fair-value modelling, LNG markets and margin-reducing trades.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
enmacc describes itself as Europe's largest digital OTC trading venue for energy and environmental commodities, with 600+ member companies and 2,200+ active traders as of 2025. It contrasts its offering with traditional OTC channels such as voice/email brokers and with digital platforms such as Trayport, citing direct access to counterparties without intermediaries, structured digital workflows and audit trails. In Germany, entender is described as the largest independent tender platform for standard and non-standard energy products.
Stated differentiators are the scale of its verified trading network, an end-to-end digital workflow from RFQ through clearing and post-trade reporting, the ability to send RFQs to market participants who are not yet enmacc customers, anonymous trading options, real-time automatic credit checks, spread trading across location, time and commodity spreads, natural-language RFQ creation, and cloud-native architecture with APIs and integrations into third-party risk, reporting and communication tools.
Technology
A cloud-native web platform with APIs for automated execution and partner connectivity. Features include natural-language RFQ creation, multiple quoting types, partial and exceeding volume quoting on entender, direct price negotiation, spread construction, real-time credit information, straight-through processing for clearing, historical pricing and trade analysis tools, an internal platform messenger, and integrations with Refinitiv Eikon, Microsoft Teams, portfolio management systems and Fidectus for regulatory reporting. Security features include SSO, IP whitelisting, SIEM integration and audit logs.
Go-to-market
Direct enterprise sales with demo bookings via the website, supported by regional coverage roles (DACH, France, rest of Europe, multinational corporations), webinars co-hosted with partners such as Argus Media, Veyt, OpenGamma and Correggio Consulting, industry events including its own enmacc Energy Connect conference, and distribution of trading activity through channels traders already use (Eikon messenger, Microsoft Teams, email).
Wholesale energy market participants: utilities, municipal suppliers and city works, energy suppliers and resellers, industrial companies, multinational corporations, energy majors, trading houses and financial institutions, including flow, asset and portfolio traders as well as portfolio and risk managers. Named users include Engie, Vattenfall, BP, Uniper, Equinor, RWE, E.ON, EnBW, Vitol, Trafigura and Macquarie.
Geography
Headquartered in Munich, Germany, with a European focus. Dedicated market coverage for DACH, France and the rest of Europe, localised outreach for Switzerland, and clearing links to European exchanges and clearing houses (EEX, OMIP, ICE, MEFF, MIBGAS). Product coverage includes UK instruments such as REGOs and UK emission allowances.
History
Founded in 2016 and headquartered in Munich. The company began with power and gas trading via its entender and enmarket screens, then expanded into environmental commodities, rolling out Guarantees of Origin followed by CO2 emission allowances (EUAs), and later added REGOs, weather derivatives and standardised wholesale PPAs. Investors joined across multiple rounds, with a Series B led by Alantra's Klima Energy Transition Fund whose second and final close was announced in February 2023.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsenmacc provides post-trade processing including eCM, eSM, REMIT and EMIR reporting through an integration with Fidectus.
enmacc announced the second and final closing of its Series B, three months after an 8-figure first close. Bayern Kapital's Wachstumsfonds Bayern joined existing investors; Alantra's Klima Energy Transition Fund (round lead) and the 10x Group increased their commitments. Previous investors include Chevron Technology Ventures, Piton Capital and Illuminate Financial.
The company began rolling out environmental commodity trading on the platform, starting with guarantees of origin and to be followed by CO2 emission allowances (EUAs), funded by Series B capital.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- enmaccenmacc.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does enmacc do?
- enmacc runs a Munich-based digital OTC trading platform for European power, gas and environmental commodities.
- Who founded enmacc?
- enmacc was founded by Jens Hartmann in 2016.
- Who are enmacc's investors?
- enmacc's investors include Bayern Kapital, Cherry Ventures, 10x Founders, Illuminate Financial.
- Where is enmacc headquartered?
- enmacc is headquartered in Munich, DE.