FCP Emprendimiento e Innovación SP

FCP Emprendimiento e Innovación SP is a corporate venture fund with a capitalization of US$ 40 million, dedicated to investing in advanced technologies and innovative projects aimed at enhancing public services. The fund emphasizes sectors such as energy, water, information and communication technologies, and waste management. Its Limited Partner is Empresas Publicas de Medellin, while Credicorp Capital Colombia serves as the professional manager, guiding the fund's investment strategy and operations. Through its targeted investments, FCP Emprendimiento e Innovación SP seeks to foster innovation and improve efficiency in essential public services.

Felipe Zarate

Key Person and General Manager

Past deals in Utilities

HYBRICO Energy Technologies

Series A in 2018
HYBRICO Energy Technologies specializes in providing energy-as-a-service solutions tailored for the telecom industry, particularly in emerging markets. The company addresses key challenges such as high energy costs, site availability, and environmental impact by offering a comprehensive hybrid power solution for both off-grid and poorly served grid sites. Utilizing advanced hybrid technology and proprietary cloud-based monitoring and control software, HYBRICO ensures a guaranteed energy uptime of 99.95%. Their services encompass all energy-related needs—including infrastructure, fueling, utility billing, and maintenance—delivered through long-term fixed-price contracts that facilitate improved management of operating expenses. With a focus on reducing carbon emissions and enhancing connectivity, HYBRICO aims to offer the lowest levelized cost of energy in the market, promoting a sustainable and efficient approach to energy consumption in telecommunications. The company is led by experts with extensive experience in designing high-reliability infrastructures and providing operations and maintenance services across numerous telecom sites.

Ignite Holding Company

Series B in 2017
Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.

Choice Holdings

Series D in 2017
WORLDWIDE, electric utilities lose an estimated $85 billion annually from theft. At the same time, calls for energy and water conservation are growing more urgent. Electric, gas and water utilities are seeking ways to protect their revenue and reduce waste without large capital investments. CHOICE provides innovative solutions whether you collect billing data in real time or once a month.

Choice Holdings

Series D in 2016
WORLDWIDE, electric utilities lose an estimated $85 billion annually from theft. At the same time, calls for energy and water conservation are growing more urgent. Electric, gas and water utilities are seeking ways to protect their revenue and reduce waste without large capital investments. CHOICE provides innovative solutions whether you collect billing data in real time or once a month.

Choice Holdings

Series C in 2014
WORLDWIDE, electric utilities lose an estimated $85 billion annually from theft. At the same time, calls for energy and water conservation are growing more urgent. Electric, gas and water utilities are seeking ways to protect their revenue and reduce waste without large capital investments. CHOICE provides innovative solutions whether you collect billing data in real time or once a month.
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