Denerge Desenvolvimento Energético Valuation, Funding & Investors

Denerge Desenvolvimento Energético is valued at $2.7B as of June 2026.

Last Denerge Desenvolvimento Energético valuation

$2.7B

Strategic investment · Jun 2026

Last Denerge Desenvolvimento Energético funding round

$271M

Strategic investment · Jun 2026

Cumulative funding Denerge Desenvolvimento Energético raised

$271M

across 1 funding round

Key investors in Denerge Desenvolvimento Energético

Denerge Desenvolvimento Energético Overview

About Denerge Desenvolvimento Energético

Denerge Desenvolvimento Energético is a Brazilian holding company that groups the Energisa group's equity interests in the electricity sector. Its main assets are stakes in power distribution and related companies, including Rede Energia, and it sits above the listed utility Energisa. The group is controlled by the Botelho family, which kept control after the 2026 capital increase in which Itaú Unibanco subscribed all of the holding's preferred shares. Denerge and a sister holding, Nova Denerge, hold an option to repurchase those shares under the shareholders' agreement. The holding earns its returns through dividends and equity income from the group's operating utilities.


Founded

1981

HQ

BrazilCataguases

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Usage-based

Valuation

$2.7B (Jun 2026)

Sectors

Denerge Desenvolvimento Energético Valuation

Denerge Desenvolvimento Energético is currently valued at $2.7B, based on its strategic investment round in June 2026. Read the announcement ↗

The $271M round included Itaú.

Denerge Desenvolvimento Energético valuation by funding round

Denerge Desenvolvimento Energético valuation by funding round
DateStageValuation
Jun 2026Strategic investment$2.7B

Denerge Desenvolvimento Energético Funding History

Denerge Desenvolvimento Energético has raised a total of $271M across 1 funding round.

Denerge Desenvolvimento Energético funding rounds

Denerge Desenvolvimento Energético funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Strategic investmentItaú$271M$2.7BItaú Unibanco agreed in June 2026 to invest about BRL 1.4 billion in Denerge Desenvolvimento Energético, the holding company that groups the Energisa electricity group's equity interests, in exchange for a minority stake of about 9.98%. Itaú subscribed all of the preferred shares issued by Denerge in a primary capital increase, meaning the money went directly into the group's cash rather than to selling shareholders. Energisa said the proceeds would capitalise Denerge and improve the group's corporate structure, at a time when the group is entering its heaviest investment cycle after early 30-year renewals in May 2026 of distribution concessions in Mato Grosso, Mato Grosso do Sul, Sergipe and Paraiba, tied to a commitment of about BRL 18 billion of investment over five years. Energisa and Nova Denerge, another group holding, kept an option to repurchase the shares held by the bank under the shareholders' agreement, and the Botelho family retains control. Denerge's main assets are stakes in electricity companies, including Rede Energia. Energisa is a Brazilian electricity group founded in 1905 and listed in Sao Paulo, with a distribution, transmission and generation business.

Who has invested in Denerge Desenvolvimento Energético?

1 investor has backed Denerge Desenvolvimento Energético across its funding rounds, including Itaú.


Denerge Desenvolvimento Energético Investors

Investors in Denerge Desenvolvimento Energético by funding rounds participated
InvestorHQRoundsRoleFirst check

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Denerge Desenvolvimento Energético Competitors

Denerge Desenvolvimento Energético competitors include listed companies like Toho Gas, Redes Energéticas Nacionais, Colbun and Enea S.A., and private ones like The Faraday Grid and EGPE Solar.

Public and private companies comparable to Denerge Desenvolvimento Energético
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Toho GasJapanJapanPublicly listed$4.1B$517M$2.7B0.9x
Redes Energéticas NacionaisPortugalPortugalPublicly listed$1.1B$593M$2.7B4.2x
ColbunChileChilePublicly listed$1.6B$523M$2.7B2.5x
Enea S.A.PolandPolandPublicly listed$7B$1B$2.8B0.6x
The Faraday GridUnited KingdomEdinburghPrivate--$3.7B-
EGPE SolarSpainSpainPrivate--$2B-

Denerge Desenvolvimento Energético Public Comps

Denerge Desenvolvimento Energético is still privately-owned, but its public comps include Toho Gas, Redes Energéticas Nacionais, Colbun, Enea S.A., Marafiq, Naturgy Brasil, Comgás, Enerjisa, Enerya and Vector.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Toho Gas$4.1B$517M0.9x0.9x7.0x8.5x
Redes Energéticas Nacionais$1.1B$593M4.7x4.2x9.0x8.7x
Colbun$1.6B$523M2.7x2.5x8.2x6.3x
Enea S.A.$7B$1B0.5x0.6x3.7x2.8x
Marafiq$1.9B$659M3.1x3.0x8.7x7.7x
Naturgy Brasil$876M$214M3.0x-12.4x-
Comgás$2.1B$678M2.0x-6.2x-
Enerjisa$4.7B$636M0.9x0.7x6.7x3.9x

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Common questions about Denerge Desenvolvimento Energético

When was Denerge Desenvolvimento Energético founded?Denerge Desenvolvimento Energético was founded in 1981.
Where is Denerge Desenvolvimento Energético headquartered?Denerge Desenvolvimento Energético is headquartered in Cataguases, Brazil.
Is Denerge Desenvolvimento Energético publicly listed?No, Denerge Desenvolvimento Energético is a private, VC-backed company.
What is Denerge Desenvolvimento Energético's valuation?Denerge Desenvolvimento Energético was last valued at $2.7B in its strategic investment round in June 2026.
How much funding has Denerge Desenvolvimento Energético raised?Denerge Desenvolvimento Energético has raised $271M across 1 funding round.
What was Denerge Desenvolvimento Energético's last funding round?Denerge Desenvolvimento Energético's last funding round was a $271M strategic investment round in June 2026.
Who are Denerge Desenvolvimento Energético's investors?Denerge Desenvolvimento Energético's investors include Itaú.
Which companies are comparable to Denerge Desenvolvimento Energético?Companies comparable to Denerge Desenvolvimento Energético include Toho Gas, Redes Energéticas Nacionais, Colbun, Enea S.A., The Faraday Grid and EGPE Solar.

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