Submer, a leader in advanced immersion cooling solutions for data centres, closes a €50m investment round
RCD advised Submer on the closing of its largest financing round to date, raising a total of €50 million. The company develops technology for immersing any type of electronic component in a biodegradable fluid that allows equipment to be cooled and consumes energy more efficiently than traditional methods
This investment marks the start of the next phase of growth for the company, which will allow it to capitalise on new business opportunities, as well as expand its US and Taiwan locations and strengthen its presence in key markets. The investment round was led by M&G Catalyst, Planet First Partners, and Norrsken VC.
A team led by Ramon Manyà and Ismael Peralta, Director and Associate of the Innovation and Entrepreneurship Area, respectively, advised Submer in this transaction.
