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Crusoe Energy Systems Closes $505 Million In New Capital Led By Climate Technology Investors G2 Venture Partners, Prepares Launch Of Crusoecloud™

Apr 21, 2022•over 3 years ago

Amount Raised

$505 Million

Denver

Description

Crusoe Energy Systems Inc. (Crusoe) today announced that it has closed a $350 million Series C equity offering, providing new capital to accelerate Crusoe’s mission to align the future of computing with the future of the climate. In addition to equity capital, Crusoe has closed credit facilities expandable up to $155 million with SVB Capital, Sparkfund and Generate Capital to provide additional debt capital for energy systems related to flare mitigation.

Company Information

Company

Crusoe Energy Systems

Location

Denver, Colorado, United States

About

Crusoe is on a mission to align the future of computing with the future of the climate. We are the pioneers of clean computing infrastructure that reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power crypto, cloud and data centers, we are creating a future for compute-intensive innovation that reduces emissions rather than adds to them. The world’s appetite for computation, energy, and progress will never stop growing. Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate.

Funding Insights

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