TGS Baltic assisted Impact Ventures with its co-investment (alongside Kendris Capital) in the aggregate amount of EUR 1.2 million in SIA Naco Technologies.

21.12.2023 TGS Baltic assisted Impact Ventures with its co-investment (alongside Kendris Capital) in the aggregate amount of EUR 1.2 million in SIA Naco Technologies.

TGS Baltic assisted Impact Ventures I. Private Equity Fund with its co-investment in the aggregate amount of EUR 1.2 million in an innovator in nano-coatings for green hydrogen systems - SIA Naco Technologies.

With this funding, SIA Naco Technologies plans to establish a presence in strategic markets to foster global partnerships and client relationships, particularly with electrolyser and fuel cell manufacturers, further innovation in nano-coatings to improve green hydrogen production and consumption and invest in talent and infrastructure to support the growing demand for green hydrogen technologies.

Impact Venture's investment in SIA Naco Technologies aligns perfectly with its mission to empower businesses that drive significant environmental and societal impact in the EU, as the company plays a crucial role in advancing green hydrogen technology.

The TGS Baltic team consisting of Andra Rubene, Jānis Bite, Alīna Lepere, Kaspars Treilibs un Evija Ābele provided Impact Ventures with all the necessary legal support to enable the transaction, including carrying out the legal due diligence of SIA Naco Technologies and assisting with drafting and negotiating all the transaction documents.

Impact Ventures manages funds focusing on social innovation and aims to achieve measurable positive social impact alongside a financial return.

Naco Technologies creates specialized nano-coatings and new materials that replace the need for platinum and other expensive materials in the production and usage of hydrogen at a massive scale.

For more detailed information in English, please refer to:

https://labsoflatvia.com/en/news/naco-technologies-secures-e1-2-million-pre-series-a-to-support-green-energy-transition

TGS Baltic is a top-tier full-service business law firm in Latvia, Estonia, and Lithuania, employing more than 150 lawyers across the Baltics. http://tgsbaltic.com/