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BioEsol secured $1.5M in pre-seed funding led by Techstars, Katapult, Innlite, and GVM to revolutionize energy solutions for Latin American SMEs.

Mar 04, 2024•almost 2 years ago

Amount Raised

$1.5 Million

Round Type

seed

ZapopanBiomass EnergyRenewable EnergyEnergy

Investors

GvmInnliteKatapultTechstars

Description

BioEsol announced the successful closure of a $1.5 million pre-seed investment round, with backing from notable funds including Techstars, Katapult, Innlite, and GVM. The investment underscores the company's innovative approach to tackling energy challenges faced by SMEs in Latin America through renewable energy solutions.

Company Information

Company

BioEsol

Location

Zapopan, Jalisco, Mexico

About

BioEsol is a renewable energy solutions company focused on transforming the energy landscape for Latin American SMEs. They develop Energy Intelligence Software and an Energy Storage System to promote energy autonomy and reduce costs for businesses.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers