Submer, a company specialised in immersion cooling for data centres, has closed a EUR 20 million financing transaction with Banco Santander. This transaction complements the recent investment round led by M&G Catalyst raising the total of new funds to EUR 70 million.

These investments will enable Submer to increase its available resources in order to further its mission of transforming the sustainable data centre industry, support its infrastructure needs, and take full advantage of the growing opportunities in this evolving sector. Submer will also strengthen its strategic positioning and presence in key markets.

A team led by Ramon Manyà and Ismael Peralta advised Submer on both transactions.

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