G2 Venture Partners led a $350m Series C funding round in Crusoe Energy Systems.

G2 Venture Partners led a $350m Series C funding round in Crusoe Energy Systems, an oil and gas company, with participation from Valor Equity Partners, Lowercarbon Capital, Polychain Capital, Bain Capital Ventures, Founders Fund, MCJ Collective, Winklevoss Capital, Zigg Capital, DRW Venture Capital, Atreides Management, Exor Seeds, CMT Digital, and Upper90, Inclusive Capital Partners, Engine No. 1, Tao Capital, Felicis Ventures, Castle Island Ventures, Mitsui & Co. and FootPrint Coalition Ventures. "Eliminating methane emissions from flaring is an immediately actionable and impactful step toward mitigating climate change. Crusoe's technology converts stranded gas into valuable computing resources. After a deep dive into flare mitigation and modular data center technologies, we concluded that Crusoe is the clear leader in scale, operational excellence, talent, vision and proven commitment to environmental standards. This capital will enable Crusoe to deploy Digital Flare Mitigation at greater scale, to use its solution to accelerate renewable energy deployment, and to continue innovating its industry-leading technology," Ben Kortlang, G2 Venture Partners Partner.