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On.Energy closed a $25 million working capital facility with Lombard Odier Investment Managers

PRIVATEApr 25, 2024

Amount Raised

$25 Million

Round Type

Venture

MiamiEnergyOil And GasArtificial IntelligenceRenewable EnergyEnergy ManagementEnergy Storage

Investors

Lombard Odier Investment Managers

Description

On.Energy has closed a senior secured first lien facility with Lombard Odier Investment Managers (LOIM) to amplify and accelerate project development efforts as the company continues to expand its U.S. asset base. The financing is architected to support costs typically subject to less-efficient financing in the market today.

Quick answer

On.Energy raised $25 Million in a funding round, dated April 25, 2024. Investors: Lombard Odier Investment Managers. On.Energy is based in Miami, Florida, United States.

How much did On.Energy raise?
On.Energy raised $25 Million in a funding round on April 25, 2024.
Who invested in On.Energy?
Lombard Odier Investment Managers is named as investors in this round.
What does On.Energy do?
ON.energy is building the backbone of energy and AI infrastructure, powering grid-safe data centers and mission-critical facilities.
Where is On.Energy based and how big is it?
On.Energy is based in Miami, Florida, United States.
Who are the decision-makers at On.Energy?
Fundz holds 1 contact at On.Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as On.Energy that raised within 45 days of this round, from Fundz verified event records.

  • Companion.energy raised $2.3M (Seed) on May 17, 2024.
  • Lithium South Development raised $37K (Seed) on June 7, 2024.
  • One Energy Enterprises raised $35M (Series A) on May 28, 2024.
  • Enverus raised $5.7M on May 24, 2024.
  • Matel raised $4M (Seed) on May 16, 2024.
  • trawa raised $11M (Seed) on May 15, 2024.

Who to call at On.Energy, and when

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Company Information

Company

On.Energy

Location

Miami, Florida, United States

About

ON.energy is building the backbone of energy and AI infrastructure, powering grid-safe data centers and mission-critical facilities. The company supplies and operates hyperscale power systems that solve the toughest resilience challenges, delivering custom solutions for AI data centers, mission-critical facilities, and front-of-the-meter assets. Its track record spans industrial, manufacturing, infrastructure, transportation, and grid-scale storage. With patented technology and proprietary software, ON.energy develops projects worldwide that set new benchmarks for resilience.

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