Crusoe Energy Systems (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.

The Series C equity financing was led by climate technology venture capital firm G2 Venture Partners (G2VP), in line with the fund's mandate to scale technologies that economically decarbonize large existing industries. Additional participants in the equity financing spanned technology, energy, climate, and crypto sectors, including returning investors Valor Equity Partners, Lowercarbon Capital, Polychain Capital, Bain Capital Ventures, Founders Fund, MCJ Collective, Winklevoss Capital, Zigg Capital, DRW Venture Capital, Atreides Management, Exor Seeds, CMT Digital, and Upper90 as well as new investors Inclusive Capital Partners, Engine No. 1, Tao Capital, Felicis Ventures, Castle Island Ventures, Mitsui & Co., and Robert Downey Jr.'s FootPrint Coalition Ventures, among others.

Crusoe is on a mission to align the future of computing with the future of the climate. Crusoe 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, they 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.