Polish Radix Ventures Fuels Naco Technologies with €1.5M to Revolutionize Green Energy Solutions
Summary
Radix Ventures, a Warsaw-based deep tech fund, has invested 1.5 million in Latvian nano-coating company Naco Technologies as part of a larger pre-Series A round co-led with Impact Ventures and The Untitled Ventures.Investors perspective: We believe that Naco Technologies, positioned at the intersection of nanotechnology and clean energy, can become a leading supplier of coating solutions that can make the global transition to renewable energy is more efficient and profitable. We are proud to join them on their journey, said Pawe Bochniarz, General Partner at Radix Ventures.\U0001f4a1 It will be spent on: None Preparing for large-scale production with a new manufacturing facility in Poland. None Advancing R&D to enhance and expand nano-coating solutions for green energy systems.In their own words: Radix Ventures investment strengthens our mission to provide advanced materials for the green energy sector. With this funding, were moving forward to build a production facility in Poland and meet global market demands. Our team is energized by the support from Impact Ventures, The Untitled Ventures, and Radix Ventures as we continue to scale and innovate, commented Aleksandrs Parfinovis, CEO and Co-founder of Naco Technologies.\U0001f4aa Their specialty: Proprietary magnetron sputtering technology that applies ultra-thin coatings to improve energy efficiency and reduce the use of rare materials.\U0001f511 Business model: Providing scalable and versatile nano-coating solutions tailored for the green hydrogen and energy sector.\U0001f465 Customer profile: Companies and industries focused on hydrogen production and green energy technologies requiring durable, cost-effective components.