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Announced

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Marker Hill Capital and Constellation Technology Ventures led a $17.5m Series B round in VoltServer.

Synopsis

Marker Hill Capital and Constellation Technology Ventures led a $17.5m Series B round in VoltServer, a developer of innovative power distribution products based on the company's patented Digital Electricity technology, with participation from Southwire Company, RightHill Ventures, and Clean Energy Venture Group. “Beyond obtaining more financial fuel to expand the role of Digital Electricity in the building electrification space, we are excited about the potential partnership opportunities with new investors Constellation Technology Ventures and the Southwire Company. Both have deep knowledge and expertise in the energy industry and are committed to meeting the exponentially increasing digital economy demands and decarbonization. In a single US apartment, the conversion from natural gas to electric appliances, combined with one EV charger, will triple its peak electricity requirements. This is a tremendous challenge to buildings and cities. Constellation Energy is a leading competitive energy provider, with a complementary Energy Services business that will bring immediate synergies. Southwire is a leading manufacturer of wire and cable used in the transmission and distribution of electricity. We are excited to partner with CTV and Southwire as strategic investors and look forward to advancing Digital Electricity together. Many thanks to several other new investors and our existing investors like Marker Hill Capital for their continued confidence in the progress and potential of VoltServer,” Steve Eaves, VoltServer CEO.

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