DENVER (BUSINESS WIRE) Apr 26, 2021
Crusoe Energy Systems Inc. (the âCompanyâ) has closed a $128 million Series B equity financing led by Valor Equity Partners with participation from Lowercarbon Capital, DRW Venture Capital, Founders Fund, Bain Capital Ventures, Coinbase Ventures, Polychain Capital, KCK Group, Upper90, Winklevoss Capital, Exor, Zigg Capital and JB Straubel, the co-founder and former CTO of Tesla and founder and CEO of Redwood Materials. Crusoe also secured a non-dilutive $40m project financing facility from Upper90 in addition to the new equity capital. The combined funding will expand Crusoeâs operations as the Company pursues its mission to eliminate the routine flaring of natural gas and associated methane emissions while delivering low cost computing infrastructure. Crusoe deploys mobile, modular data centers that generate electrical power from otherwise wasted and flared natural gas (Digital Flare Mitigation® or DFM).
Crusoe Achieves Operational Milestones and Closes $128 Million Series B Financing to Expand Patented Digital Flare Mitigation® Technology
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Start reducing your carbon footprint by making changes in the kitchen
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We’ve seen a structural shift in buying food online, Misfits founder and CEO Abhi Ramesh said.
Misfits was founded in 2018 and has a mission to make affordable, high-quality food more accessible while helping break the cycle of food waste, according to its website.
The company offers organic produce and other grocery items that are at risk of going to waste. It provides up to a 40% discount to what the same products might be in a comparable grocery chain, according to
Tech Crunch.
Misfits grew its customer base and order volume by five times in 2020, a year ravaged by the pandemic, the company said. It shipped 77 million pounds of food to over 400,000 customers, a demand level Ramesh said was challenging to meet at times.