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Planet First Partners backs Submer

Sustainable investor Planet First Partners (Planet First) has become a significant investor in Submer, a growth stage company solving an emerging environmental threat – high energy consuming data centres.

Sustainable investor Planet First Partners (Planet First) has become a significant investor in Submer, a growth stage company solving an emerging environmental threat – high energy consuming data centres.

Founded in Barcelona in 2015, Submer has developed a patented immersion cooling technology as an alternative to the air-based cooling systems which are currently the dominant solution for data centres around the world. The company’s technology is already used by major information technology companies like Telefónica and is endorsed by Intel. 

Planet First is the lead investor in the latest (third) USD34 million funding round announced and will be joining Submer’s existing shareholders including Norrsken VC, Alma Mundi Ventures and Tim Reynolds.

The funding will accelerate Submer’s international expansion into the North America and APAC regions and fund R&D initiatives around next generation liquid coolants and data centre automation.

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