Suma Capital, a European investment manager specialized in ecological transition, through its SC Sustainable Expansion Fund III, has invested in ECOcero, a Spanish company specialized in acoustic solutions for indoor spaces, with the aim of supporting its next phase of growth, international expansion, and organizational strengthening.
The transaction represents the first investment of SC Sustainable Expansion Fund III, Suma Capital’s low mid-market private equity fund with a target size of more than €200 million. This vehicle is part of the SC Expansion strategy, focused on partnering with SMEs with growth potential to support their evolution through professionalization, strengthened governance, and a strong commitment to the decarbonization of their operations.
For ECOcero, this partnership marks the beginning of a new phase alongside a strategic partner that shares its vision of sustainability, design, and purpose-driven innovation. It does not imply a change in leadership, which will remain in the hands of its founder, but rather a natural boost to an already well-established growth trajectory.
Founded in 2017, ECOcero has developed a specialized offering in acoustic solutions for offices, universities, airports, and other corporate and institutional environments, combining design, functionality, and innovation in materials. The company markets designer acoustic solutions made from recycled plastic bottles.
Currently, ECOcero operates in 20 countries, generates 40% of its revenue from international markets. Led by Jorge Bellido, it has built a solid base of national and international clients and a track record of sustained growth.
With Suma Capital’s investment, the company strengthens its ability to continue growing in a consistent manner: more structure to advance processes and continuous improvement, greater momentum in innovation, and a stronger foundation to enter new markets.
ECOcero represents the type of company in which Suma Capital’s SC Expansion thesis is realized: SMEs with traction, a differentiated value proposition, strong leadership, and the ability to integrate operational efficiency and responsible resource use as drivers of competitiveness and long-term resilience.
Pau Bermúdez-Cañete, Partner at Suma Capital, states: “ECOcero brings together what we consider particularly relevant in SC Expansion: a differentiated value proposition, a material base linked to circularity, and a strong growth trajectory led by Jorge. We will enthusiastically support the team in this new phase and back their ambition for international development.”
Jorge Bellido, Founder and CEO of ECOcero, adds: “Suma Capital’s entry means bringing on board a partner with experience in business scaling up, and in supporting founding teams. We approach this new phase with a focus on further expanding our international presence, strengthening our product offering, and consolidating our development capabilities.”
For this transaction, ECOcero was advised by B Corporate on M&A and by Mavens on legal advisory.
Suma Capital was advised by PwC on financial and commercial due diligence and by Pérez-Llorca on legal and tax advisory.
The transaction, the first investment of SC Sustainable Expansion Fund III, reinforces Suma Capital’s commitment to SMEs with growth potential that integrate decarbonization into their business model.
ECOcero currently operates in 20 countries and exceeded.