Exor, Coinbase Ventures and DRW Venture Capital have all invested in Crusoe Energy Systems, which owns a network of flared gas-powered data centres.
US-based gas management technology provider Crusoe Energy Systems completed a $128m series B round yesterday featuring diversified holding group Exor, crypto exchange operator Coinbase and principal trading firm DRW.
Investment firm Valor Equity Partners led the round, which included Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital, Lowercarbon Capital, Founders Fund, Polychain Capital, KCK Group, Upper90, Winklevoss Capital, Zigg Capital and private investor JB Straubel.
The equity funding was raised alongside a $40m project financing…
