At D2XCEL, we’re thrilled to announce that one of our standout ventures, Naco Technologies, has secured €2.5M in a pre-Series A funding round! The round, led by Warsaw-based Radix Ventures (€1.5M), also included Impact Ventures and The Untitled Ventures.

Founded in 2009 and based in Riga, Naco Technologies is revolutionizing nano-coating solutions across industries like hydrogen systems, automotive, aerospace, and microchips. By replacing costly materials like platinum, their innovations are making hydrogen systems more efficient and cost-effective.

As Paweł Bochniarz, General Partner at Radix Ventures, puts it: "Naco Technologies is positioned to lead the transition to renewable energy with groundbreaking nanotechnology."

The investment from Radix Ventures will empower Naco Technologies to:

1. Prepare for large-scale production with a new manufacturing facility in Poland.
2. Expand into international markets, forging partnerships with electrolyzer and fuel cell manufacturers.
3. Enhance R&D to refine and broaden their nano-coating solutions.
4. Grow their team and infrastructure to meet rising green energy demands.

Investors' details:

Radix Ventures, established in 2024, is a VC fund from Central and Eastern Europe focused on supporting radical innovations. It invests in Early Growth startups (Late Seed and Series A) that drive technological and societal transformation, especially in sustainability, with ticket sizes from €1M to €3M.

Impact Ventures invests in startups that deliver strong financial returns while creating measurable positive societal and environmental impacts, fostering sustainable and meaningful change across industries.

The Untitled Ventures backs innovative startups in emerging markets, targeting those using advanced technologies to disrupt traditional industries and unlock new growth opportunities.

We couldn’t be prouder to see their success and impact on the future of clean energy. Stay tuned for more updates!

For more details, visit Naco Technologies' website.