Suma Capital Invests in ECOcero for Global Expansion

Suma Capital has initiated its latest growth equity fund, SC Sustainable Expansion Fund III, with a significant investment in ECOcero, a Spanish innovator in interior acoustic solutions. This strategic partnership aims to accelerate ECOcero's international expansion and bolster its organizational capabilities, marking a pivotal moment for the sustainable materials company.

The investment from SC Sustainable Expansion Fund III, which targets over €200 million, underscores Suma Capital's commitment to backing high-potential SMEs focused on ecological transition. This fund specifically targets businesses that can benefit from enhanced governance, operational improvements, and a strong emphasis on decarbonizing their activities, aligning perfectly with ECOcero's mission.

Founded in 2017, ECOcero has carved a niche by developing aesthetically pleasing and functional acoustic products derived from recycled plastic bottles. These solutions cater to diverse environments, including offices, educational institutions, and transportation hubs, demonstrating a clear market demand for sustainable and design-forward interior elements. The company's commitment to circularity is a key differentiator in the growing market for sustainable building materials, which is projected to see substantial growth driven by regulatory pressures and increasing corporate ESG mandates.

Currently, ECOcero boasts a presence in 20 countries, with international markets contributing 40% of its revenue. Under the leadership of CEO Jorge Bellido, the company has established a robust client base and a consistent growth trajectory. This new capital infusion will empower ECOcero to further refine its processes, drive innovation in acoustic technology, and solidify its market position in new territories.

Pau Bermúdez-Cañete, Partner at Suma Capital, highlighted the strategic fit, stating, “ECOcero embodies the core tenets of our SC Expansion strategy: a distinct value proposition, a foundation in circular materials, and a proven growth record. We are enthusiastic about supporting Jorge Bellido and his team as they pursue their global ambitions.” This sentiment was echoed by Jorge Bellido, who commented, “Bringing on board a partner like Suma Capital, with its expertise in scaling businesses and supporting founding teams, is instrumental. We are focused on expanding our international footprint, enhancing our product offerings, and strengthening our development capabilities.”

The transaction saw B Corporate advising on M&A and Mavens providing legal counsel to ECOcero. Suma Capital received financial and commercial due diligence support from PwC and legal and tax advice from Pérez-Llorca. This collaboration signifies a strong endorsement of ECOcero's potential within the competitive sustainable building materials sector.