About the transaction
BlueBull, the financial advisory firm specialized in advising high-growth and technology-driven businesses, acted as sole financial adviser to Submer in securing a €20M growth debt facility provided by Banco Santander.
Given the limitations of traditional air and water cooling methods for data centers, Submer, a startup founded in 2015 in Barcelona, is revolutionizing the tech industry with its cutting-edge liquid immersion cooling solutions.
The €20M facility completes a total funding round of €70m, following the €50m raised by the company in September in a Series C led by M&G Catalyst and Planet First Partners, that allowed the company to reach a post-money valuation of €500 million, solidifying its position as one of the most prominent European companies in the sustainable technology sector.
Proceeds from the total round will be used to drive the company’s global expansion and accelerate the development of its cutting-edge immersion cooling technology, enhancing its product portfolio, scaling its operations across key markets, and strengthening its position as the leading company in immersion cooling technology.
BlueBull has advised Submer in a competitive process involving international debt funds and banks, achieving the most optimal conditions for the company by structuring and negotiating a fully customized, flexible, and competitive growth financing solution.
Submer revolutionizes data center cooling through its innovative immersion cooling technology, offering sustainable and energy-efficient solutions for high-performance computing (HPC), blockchain, AI, and edge computing applications. The company specializes in designing and manufacturing cutting-edge liquid cooling systems that reduce energy consumption, improve hardware efficiency, and lower operational costs for data centers worldwide.
Leveraging its proprietary immersion cooling technology, Submer provides a flexible and scalable solution that integrates seamlessly with existing infrastructures. Its groundbreaking approach ensures unmatched sustainability and efficiency, making it a key driver of the shift towards greener and more cost-effective data center operations globally.
+100M€
Raised in funding
99%
water consumption savings
95%
cooling opex savings
BlueBull es un banco de inversión líder con presencia en el sur de Europa, especializado en asesorar a empresas tecnológicas y de alto crecimiento con modelos de negocio disruptivos e innovadores.
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Joaquín Durán
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Diego López
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Iñigo de Churruca
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Tech transactions advised
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Tech-focused investment banking professionals
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