Brazilian climate tech Nextron raised $5.2M in a Series A round led by Vox Capital and Copel Ventures, the CVC arm of Copel (Companhia Paranaense de Energia). Endeavor Scale-up Ventures, Valor Capital Group, and Barn Investimentos also participated in the round.
The climate tech will use the funds to expand its presence in Brazil, hire new people, and invest in customer acquisition.
Nextron is an energy-as-a-service platform that connects customers with providers of renewable energy via a subscription model, boosting revenue for providers and guaranteeing access to renewable energy for customers.
“I am confident that Brazil will be the protagonist in the global energy transition, and democratizing access to clean energy for Brazilians is the reason we created Nextron,” said Ivo Pitanguy, Co-Founder and CEO of Nextron.
Founded in 2021, Nextron has over 5,000 customers and operates in 12 out of 27 states in Brazil.
