Erco Energía, a Colombian integrated renewable-energy company, has closed a $129 million Series C equity investment round aimed at strengthening its capacity to develop and construct energy projects throughout the country.
The round included participation from investors Next Utility Ventures, a private equity fund of the Ventures EPM program managed by Axon Partners Group; a consortium managed by Augment Infrastructure that includes institutional investors Allianz Global Investors, Proparco and Finnfund; Norfund; and Endeavor Catalyst. The investors are contributing capital, institutional backing and experience in financing the energy transition in the region.
This transaction ranks among the largest equity rounds announced by a Colombian company in 2026 and confirms the energy sector's role as one of the most attractive investment opportunities in the country. The funds will be used to accelerate the development of energy projects in various regions of the country, i
