Naco: Hydrogen innovation secures EUR 1.5 million investment from Radix Ventures
Deal News | Feb 04, 2025 | CEE Legal Matters
Luxembourg's Radix Ventures has invested EUR 1.5 million in Latvia's Naco Technologies, a company specializing in nano-coating developments for green hydrogen systems. This investment is part of Naco's latest funding round aimed at advancing hydrogen technology innovations. Radix Ventures received legal advice from KWKR, with Partner Paulina Opielka and Senior Associate Rafal Wilinski leading the charge. Cobalt provided additional legal backing with a team of associates led by Latvia-based Partner Indrikis Liepa.
Sectors
- Renewable Energy
- Legal Services
- Investment
Geography
- Luxembourg – Radix Ventures is based in Luxembourg, making this country a primary geography for the investment activities.
- Latvia – Naco Technologies, which received the investment, is located in Latvia, highlighting its importance in the context of the deal.
Industry
- Renewable Energy – The investment focuses on hydrogen technologies, which are an essential part of the renewable energy landscape due to their application in green energy systems.
- Legal Services – Both KWKR and Cobalt provided legal advisory services for the investment deal, indicating involvement within legal services.
- Investment – Radix Ventures, as an investment fund, is acting within the investment industry, specializing in funding rounds for technology innovations.
Financials
- EUR 1.5 million – The financial amount of investment provided by Radix Ventures to Naco Technologies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Radix Ventures | Investor | Company | A Luxembourg-based investment fund providing financial support for innovative technology solutions. |
| Naco Technologies | Target Company | Company | A Latvian company specializing in nano-coatings for green hydrogen systems, focusing on advanced hydrogen technologies. |
| KWKR | Legal Advisor | Company | A legal advisory firm that assisted Radix Ventures in its investment into Naco Technologies. |
| Cobalt | Legal Advisor | Company | Provided legal services to support the investment process for Radix Ventures. Their team included multiple legal professionals based in Latvia. |
| Paulina Opielka | Partner | Person | Partner at KWKR, played a lead role in advising Radix Ventures on the investment. |
| Rafal Wilinski | Senior Associate | Person | Senior Associate at KWKR, part of the team advising Radix Ventures. |
| Indrikis Liepa | Partner | Person | Latvia-based Partner at Cobalt, involved in providing legal advice for Radix Ventures. |