Niko raised $3.3M in a seed round led by Picus Capital and 468 Capital to tackle Mexico’s solar power challenges and high electricity costs.
Mar 14, 2024•almost 2 years ago
Amount Raised
$3.3 Million
Round Type
seed
Investors
468 CapitalPicus Capital
Description
Mexican climate tech Niko has raised $3.3M in a seed round led by Picus Capital and 468 Capital, with participation of other VCs and angel investors. With the funds, Niko aims to tackle Mexico’s solar power challenges and high electricity costs by providing a full-suite of services from financing, installation, and maintenance to residential customers and small commercial companies.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers