TGS Baltic has advised Impact Ventures on its EUR 1.2 million investment, together with Kendris Capital, in Naco Technologies.
Impact Ventures I is a private equity fund. Latvia-based Naco Technologies develops nano-coatings for green hydrogen systems.
According to TGS Baltic, “with this funding, Naco Technologies plans to establish a presence in strategic markets to foster global partnerships and client relationships, particularly with electrolyzer 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.”
The TGS Baltic team included Partner Andra Rubene, Senior Associate Alina Lepere, Attorney at Law Janis Bite, and Associates Evija Abele and Kaspars Treilibs