Erco Energía Valuation, Funding & Investors
Erco Energía is valued at $1M as of November 2016.
Last Erco Energía valuation
$1M
Seed · Nov 2016
Last Erco Energía funding round
$129M
Series C · Aug 2026
Cumulative funding Erco Energía raised
$165M
across 4 funding rounds
Key investors in Erco Energía
Norfund
FCP Emprendimiento e Innovación SP
Endeavor Catalyst
Axon Partners
Augment Infrastructure
Innova Capital Partners
About Erco Energía
Erco Energía is a Medellín-headquartered firm constructing solar photovoltaic plants, EV charging networks, and battery storage systems in Colombia. The company operates offices in Cali and Bogotá, delivering projects like 50 MW solar farms for Ecopetrol. Erco Energía integrates Sungrow inverters and Tesla Powerwalls for hybrid setups. Founded in 2012, it manages 200 MWh storage capacity nationwide.
Founded
2012
HQ
MedellínWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1M (Nov 2016)
Erco Energía Valuation
Erco Energía is currently valued at $1M, based on its seed round in November 2016. Read the announcement ↗
The $400K round was led by FCP Emprendimiento e Innovación SP and Innova Capital Partners.
Erco Energía valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2016 | Seed | $1M |
Erco Energía Funding History
Erco Energía has raised a total of $165M across 4 funding rounds.
Erco Energía's first fundraising round was a $400K seed round in November 2016. The most recent completed round was a $129M Series C in August 2026.
Erco Energía funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series C | Axon Partners (lead); Augment Infrastructure; Endeavor Catalyst; Norfund | $129M | - | Erco Energía closed a Series C equity round of $129 million in August 2026, with participation from Augment Infrastructure, Next Utility Ventures through Axon Partners Group, Norfund, and Endeavor Catalyst. The transaction was structured as an equity investment and included issuance of convertible preferred shares, with Augment Infrastructure co-leading the round alongside Next Utility Ventures and Norfund. The capital is intended to strengthen Erco Energía’s ability to develop and construct energy projects across Colombia, supporting accelerated deployment of solar and other renewable assets. The deal was presented as one of the largest equity rounds announced by a Colombian company in 2026 and reflects sustained investor interest in the country’s energy transition and renewable infrastructure market. Erco Energía is an integrated renewable-energy company in Colombia that develops, owns, and operates solar generation and storage assets under an independent power producer model. The company’s investor base includes returning shareholder Norfund, and its relationship with Axon Partners Group dates back to a prior Series B investment in 2023. The company has a growing operational footprint, including a development pipeline and installed capacity expanding to more than 450 MWp by August 2026. |
| Jan 2023 | Series B | Norfund (lead) | $30M | - | Erco Energía is a Colombian company based in Antioquia, specializing in solar energy solutions, including generation, storage, electric mobility, and energy trading. It provides services to over 3,500 users, has built more than 2,100 projects, and operates solar parks while selling energy to end users, partnering with entities like NEU Energy. The company operates in Colombia, Brazil, Panama, and the US, aiming to accelerate the country's energy transition by diversifying the energy matrix. In early 2023, Erco Energía raised $30 million in financing from Norfund, the Norwegian government-owned development finance institution focused on sustainable investments in developing countries. This funding supports the construction of 35 to 50 medium and large-scale solar power plants, targeting up to 700 MW of solar generation capacity by 2027, with 500 MW integrated into its generation portfolio. The investment also advances solar, electric mobility, and energy storage solutions for industrial, commercial, and residential segments. Norfund's involvement with Erco Energía is noted in its 2023 annual report as an equity investment from 2022 in solar power, acquiring a 15% stake, listed with a value of 310.8 (likely in thousand NOK). This aligns with Norfund's renewable energy focus under its Development Mandate, contributing to broader portfolio goals like financing 557 MW in 2023 and producing 17.9 TWh of electricity across investees. Later developments include a $20 million subordinated loan from Norfund announced in March 2025 to further boost solar energy and job creation in Colombia, indicating ongoing partnership. Norfund's 2023 report highlights stable investments amid challenges, with emphasis on renewable energy for development impact aligned with SDGs. |
| Apr 2021 | Series A | FCP Emprendimiento e Innovación SP (lead) | $6M | - | - |
| Nov 2016 | Seed | FCP Emprendimiento e Innovación SP (lead); Innova Capital Partners (lead) | $400K | $1M | - |
Who has invested in Erco Energía?
6 investors have backed Erco Energía across its funding rounds, including Norfund, FCP Emprendimiento e Innovación SP, Endeavor Catalyst, Axon Partners, Augment Infrastructure and Innova Capital Partners.
Lead investors include Axon Partners, Norfund, FCP Emprendimiento e Innovación SP and Innova Capital Partners.
Erco Energía Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Medellín | 2 | Lead | Nov 2016 | |
 Oslo | 2 | Lead | Jan 2023 | |
 Washington, DC | 1 | Participant | Aug 2026 | |
 Madrid | 1 | Lead | Aug 2026 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialErco Energía Competitors
Erco Energía competitors include listed companies like EverGen Infrastructure and Aleia Holding, and private ones like HydraX Incorporation, Box Synergy, Tongchen Heguang Cryogenic Technology and AMPIN Energy Transition.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} HydraX Incorporation |  Amsterdam | Private | - | - | $3M | - |
| Dover, DE | Private | - | - | $2M | - | |
 Xianyang | Private | - | - | $2M | - | |
 New Delhi | Private | - | - | $2M | - | |
 Canada | Publicly listed | $8M | $123K | $10M | 3.0x | |
 Germany | Publicly listed | $1K | ($68K) | $1M | - |
Erco Energía Public Comps
Erco Energía is still privately-owned, but its public comps include Aleia Holding, Zeneris Projekty, Hopium, Fotovolt Eko Energia, EdgeMode, DWK Deutsche Wasserkraft, Sono Group, Allied Energy, Elong Power Holding and Principal Solar.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1K | ($68K) | 1467.1x | - | (21.4x) | - | |||
| $2M | $102K | 0.5x | - | 12.9x | - | |||
| $206K | - | 38.7x | - | - | - | |||
| $624K | ($169K) | 3.9x | - | (14.3x) | - | |||
| - | ($18M) | - | - | (0.3x) | - | |||
| - | ($298K) | - | - | (6.6x) | - | |||
| $168K | - | 23.9x | - | - | - | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Erco Energía competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Erco Energía
| When was Erco Energía founded? | Erco Energía was founded in 2012. |
| Where is Erco Energía headquartered? | Erco Energía is headquartered in Medellín, Colombia. |
| Is Erco Energía publicly listed? | No, Erco Energía is a private, VC-backed company. |
| What is Erco Energía's valuation? | Erco Energía was last valued at $1M in its seed round in November 2016. |
| How much funding has Erco Energía raised? | Erco Energía has raised $165M across 4 funding rounds. |
| What was Erco Energía's last funding round? | Erco Energía's last funding round was a $129M Series C in August 2026, led by Axon Partners. |
| Who are Erco Energía's investors? | Erco Energía's investors include FCP Emprendimiento e Innovación SP, Norfund, Augment Infrastructure, Axon Partners, Endeavor Catalyst and Innova Capital Partners. |
| Which companies are comparable to Erco Energía? | Companies comparable to Erco Energía include HydraX Incorporation, Box Synergy, Tongchen Heguang Cryogenic Technology, AMPIN Energy Transition, EverGen Infrastructure and Aleia Holding. |
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