UK-based 4energy, a provider of low energy cooling products has raised an undisclosed amount from Chrysalix Set, manager of venture capital funds backed by Netherlands-based corporates Delta and Essent.
4energy offers an energy efficient cooling and energy management service to global ICT businesses.
The news funds will enable the company to strengthen its investor base and accelerate its global rollout of energy saving solutions for data-centres, telecommunications and utility networks.
4energy’s investors include energy supplier British Gas, cleantech venture capital fund EFT, venture capital firm Catapult Venture Managers and low carbon advisory body Carbon Trust. The company raised £7m ($11.5m) in 2013.
“4energy can truly benefit from the experience Chrysalix SET brings to the board whilst we are adding smart energy solutions into the offerings to our customers”, 4energy’s chief executive and founder, Pat Tindale, said, “Chrysalix made a positive impression by focusing on the right opportunities and already contributing to execution and the direction of the company. This is a tremendous added value to our team and we are convinced their international network will help us becoming even more successful.”