Startups across Latin America raised a combined $129.7M this week, based on disclosed funding rounds, with investor capital flowing primarily into climate tech. The sector accounted for nearly all of the week's disclosed funding, led by Erco Energía's $129M Series C.
The Week's Largest Startup Funding Rounds
Here are the biggest disclosed startup funding rounds across Latin America this week.
/1. Erco Energía, $129M, Colombia
Erco Energía is a Colombian renewable energy company that develops and operates solar power projects, alongside energy storage, electric vehicle charging, and electricity commercialization services. The company is expanding its distributed solar infrastructure as demand for renewable energy grows across Colombia.
The company closed a $129 million Series C with participation from Next Utility Ventures, Augment Infrastructure, Norfund, and Endeavor Catalyst. The funding will support the development and construction of new distributed solar generation projects as Erco expands its renewable energy capacity across Colombia.
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