#lfaring

Crusoe Energy Systems Closes $4.5 Million Seed Funding Round Co-Led by Bain Capital Ventures and Founders Fund Pathfinder

Company helps oil and gas companies mitigate natural gas flaring and reduce harmful emissions while harnessing the gas to power compute intensive datacenters

DENVER--(BUSINESS WIRE)--Crusoe Energy Systems, Inc., a technology driven flare mitigation provider, today announced it has successfully completed a $4.5 million seed financing round led by Bain Capital Ventures and Founders Fund Pathfinder, with additional participation from Wicklow Capital, Winklevoss Capital and Dragonfly Capital Partners. This investment brings Crusoe’s total funding to $5.1 million. Funding proceeds will be used to accelerate production of Crusoe’s mobile modular data centers to provide large-scale flare mitigation service for oil and gas operators across North America.