Nnergix raises €720,000 from Victoria Venture et al.

Existing shareholders Kic InnoEnergy and several business angels also invested in the round. As part of the deal, the investor syndicate acquired a 40% stake in the business, while founders will retain a 60% stake.

The deal marks the first transaction for Catalan GP Victoria. The fund invests up to €500,000 in Spanish businesses focusing on the clean technology sector. The vehicle launched in 2014 and has a €5m target.

Previous funding
In 2013, Kic InnoEnergy and several business angels invested €400,000 in Nnergix. The capital allowed the company to boost its product development and start generating revenues in 2015.

Company
Founded in 2012 and headquartered near Barcelona, Nnergix develops an online software able to calculate energy production for solar plants according to weather forecasts up to 15 days in advance.

The company employs seven people and claims to operate in Spain, the US, Honduras, South Africa, India, Macedonia and Turkey.

People
Victoria Venture Capital – Abel Conill (general partner); Patricia Layola (investment manager).
Nnergix – Ramon Molera (co-founder, CEO); Joan Miquel Anglés (co-founder, business development manager); Jordi Vidal de Llobatera (co-founder, chief technology officer).

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• Topics
• Expansion
• Technology
• Southern Europe
• Spain
• Venture