Crusoe Energy Systems operates modular data centers designed to reduce routine flaring of natural gas and lower the cost of cloud computing. By converting natural gas to energy-intensive computing, Crusoe technology delivers an environmentally sound way to create a beneficial use for otherwise wasted natural gas. The company was founded by Chase Lochmiller and Cully Cavness in 2018 and is headquartered in Denver, CO.
Crusoe is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.
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Can you sell shares of Crusoe before it goes public?
Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Crusoe is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.
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What is the pre-IPO value of my Crusoe shares?
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Is Crusoe a publicly traded company?
Crusoe is a private company and not publicly traded.
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To learn more about Crusoe potential IPO
Will Crusoe go IPO?
Crusoe has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.
What is Crusoe’s IPO price?
The Crusoe IPO price does not exist at this time, as Crusoe is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Crusoe, register for Forge today.
When was Crusoe founded?
Crusoe was founded in 2018.
What is Crusoe funding to date?
Crusoe has raised $2.62B to date.
Crusoe major investors
Bain Capital Ventures
Cmt Digital Ventures
Coinbase Ventures
Felicis Ventures
Founders Fund
Hack Vc
Ido Investments
Mcj Collective
Mitsui & Company
Mubadala Investment Company
Tao Capital Partners
Winklevoss Capital
Show All InvestorsShow Fewer Investors
Crusoe pre-IPO valuation and funding rounds
Funding history chart
Funding round and deals details
Funding Date
Round
Amount Raised
Price per Share
Post-Money Valuation 3
Key Investors
10/24/2025
Series E
$1.37B
$84.01
$10B
137 Ventures, 1789 Capital, Activate Capital, Alkeon Capital Management, Altimeter Capital, Atreides Management, Bam Elevate, BFA Global Investors, Datapower Ventures, DPR Construction, E1 Ventures, Fidelity, Founders Fund, Franklin Templeton, Galvanize, Gestio Capital, Long Journey Ventures, Lowercarbon Capital, M37 Management, MCJ, Mubadala Capital, Nvidia, Octant Ventures, Open Doors Partners, Opulentia, Ora Global, Radical Ventures, Ribbit Capital, Salesforce Ventures, Saquon Barkley, Seven Rivers Capital, Spark Capital, Stepstone Group, Super Micro, Sweetwater Private Equity, Tiger Global Management, T. Rowe Price, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
Price per Share
$ xx.xx
Shares Outstanding
16,367,438
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
137 Ventures, 1789 Capital, Activate Capital, Alkeon Capital Management, Altimeter Capital, Atreides Management, Bam Elevate, BFA Global Investors, Datapower Ventures, DPR Construction, E1 Ventures, Fidelity, Founders Fund, Franklin Templeton, Galvanize, Gestio Capital, Long Journey Ventures, Lowercarbon Capital, M37 Management, MCJ, Mubadala Capital, Nvidia, Octant Ventures, Open Doors Partners, Opulentia, Ora Global, Radical Ventures, Ribbit Capital, Salesforce Ventures, Saquon Barkley, Seven Rivers Capital, Spark Capital, Stepstone Group, Super Micro, Sweetwater Private Equity, Tiger Global Management, T. Rowe Price, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
12/12/2024
Series D-1
$539.01MM
$29.17
$2.8B
9 Capital Management, Activate Capital, Felicis, Fidelity, Founders Fund, Hof Capital, Ipo Club, Karmel Capital, Long Journey Ventures, MCJ, Mubadala Capital, New York Life Ventures, Nvidia, Reverb Capital, Ribbit Capital, Stripes, Valor Equity Partners
Price per Share
$ xx.xx
Shares Outstanding
18,477,109
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
9 Capital Management, Activate Capital, Felicis, Fidelity, Founders Fund, Hof Capital, Ipo Club, Karmel Capital, Long Journey Ventures, MCJ, Mubadala Capital, New York Life Ventures, Nvidia, Reverb Capital, Ribbit Capital, Stripes, Valor Equity Partners
12/12/2024
Series D-2
$187.88MM
$23.34
$2.8B
9 Capital Management, Activate Capital, Felicis, Fidelity, Founders Fund, Hof Capital, Ipo Club, Karmel Capital, Long Journey Ventures, MCJ, Mubadala Capital, New York Life Ventures, Nvidia, Reverb Capital, Ribbit Capital, Stripes, Valor Equity Partners
Price per Share
$ xx.xx
Shares Outstanding
8,050,439
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
9 Capital Management, Activate Capital, Felicis, Fidelity, Founders Fund, Hof Capital, Ipo Club, Karmel Capital, Long Journey Ventures, MCJ, Mubadala Capital, New York Life Ventures, Nvidia, Reverb Capital, Ribbit Capital, Stripes, Valor Equity Partners
04/21/2022
Series C-1
$350.06MM
$29.17
$1.75B
Abstract Ventures, Atreides Management, Bain Capital Ventures, Castle Island Ventures, Cmt Digital, Drw Venture Capital, Engine No.1, Exor, Felicis, Footprint Coalition, Founders Fund, G2 Venture Partners, Inclusive Capital, Interplay Ventures, Long Journey Ventures, Lowercarbon Capital, MCJ, Mistral Equity Partners, Mitsui & Company, PLUTUSVC, Polychain Capital, Tao Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
Price per Share
$ xx.xx
Shares Outstanding
11,999,997
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Atreides Management, Bain Capital Ventures, Castle Island Ventures, Cmt Digital, Drw Venture Capital, Engine No.1, Exor, Felicis, Footprint Coalition, Founders Fund, G2 Venture Partners, Inclusive Capital, Interplay Ventures, Long Journey Ventures, Lowercarbon Capital, MCJ, Mistral Equity Partners, Mitsui & Company, PLUTUSVC, Polychain Capital, Tao Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
04/21/2022
Series C-2
$5MM
$10.52
$1.75B
Abstract Ventures, Atreides Management, Bain Capital Ventures, Castle Island Ventures, Cmt Digital, Drw Venture Capital, Engine No.1, Exor, Felicis, Footprint Coalition, Founders Fund, G2 Venture Partners, Inclusive Capital, Interplay Ventures, Long Journey Ventures, Lowercarbon Capital, MCJ, Mistral Equity Partners, Mitsui & Company, PLUTUSVC, Polychain Capital, Tao Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
Price per Share
$ xx.xx
Shares Outstanding
475,141
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Atreides Management, Bain Capital Ventures, Castle Island Ventures, Cmt Digital, Drw Venture Capital, Engine No.1, Exor, Felicis, Footprint Coalition, Founders Fund, G2 Venture Partners, Inclusive Capital, Interplay Ventures, Long Journey Ventures, Lowercarbon Capital, MCJ, Mistral Equity Partners, Mitsui & Company, PLUTUSVC, Polychain Capital, Tao Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
04/26/2021
Series B-1
$115MM
$11.56
$453.44MM
Bain Capital Ventures, Coinbase Ventures, Drw Venture Capital, Exor, Founders Fund, Jb Straubel, Kck Group, Lowercarbon Capital, Polychain Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
Price per Share
$ xx.xx
Shares Outstanding
9,948,207
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Coinbase Ventures, Drw Venture Capital, Exor, Founders Fund, Jb Straubel, Kck Group, Lowercarbon Capital, Polychain Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
04/26/2021
Series B-2
$4.52MM
$5.70
$453.44MM
Bain Capital Ventures, Coinbase Ventures, Drw Venture Capital, Exor, Founders Fund, Jb Straubel, Kck Group, Lowercarbon Capital, Polychain Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
Price per Share
$ xx.xx
Shares Outstanding
792,893
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Coinbase Ventures, Drw Venture Capital, Exor, Founders Fund, Jb Straubel, Kck Group, Lowercarbon Capital, Polychain Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
04/26/2021
Series B-3
$8.5MM
$5.22
$453.44MM
Bain Capital Ventures, Coinbase Ventures, Drw Venture Capital, Exor, Founders Fund, Jb Straubel, Kck Group, Lowercarbon Capital, Polychain Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
Price per Share
$ xx.xx
Shares Outstanding
1,628,476
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Coinbase Ventures, Drw Venture Capital, Exor, Founders Fund, Jb Straubel, Kck Group, Lowercarbon Capital, Polychain Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital
12/06/2019
Series A
$30MM
$3.84
$102.76MM
Bain Capital Ventures, Founders Fund, Kck Group, Polychain Capital, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
7,805,786
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Founders Fund, Kck Group, Polychain Capital, Winklevoss Capital
05/03/2019
Series Seed-2
$4.5MM
$0.94
$15.42MM
Bain Capital Ventures, Dragonfly Capital Partners, Founders Fund, Wicklow Capital, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
4,808,201
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Dragonfly Capital Partners, Founders Fund, Wicklow Capital, Winklevoss Capital
05/03/2019
Series Seed-1
$600,000.10
$0.18
$15.42MM
Bain Capital Ventures, Dragonfly Capital Partners, Founders Fund, Wicklow Capital, Winklevoss Capital
Price per Share
$ xx.xx
Shares Outstanding
3,428,572
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Dragonfly Capital Partners, Founders Fund, Wicklow Capital, Winklevoss Capital
Data center company Crusoe Energy Systems LLC has reportedly raised $1.3 billion to acquire advanced hardware and support the rapid buildout of large-scale artificial intelligence data centers. According to the Financial Times today, the funding was raised on a valuation of about $10 billion. Crusoe hasn’t yet announced the funding.
atNorth, the leading Nordic high-density colocation and built-to-suit datacenter provider, together with Crusoe, the industry's first vertically integrated AI infrastructure provider, today announced the significant expansion of Crusoe Cloud capacity at atNorth's ICE02 data center in Iceland.
Crusoe Energy, a startup building data centers reportedly to be leased Oracle, Microsoft, and OpenAI, is in the process of raising $818 million, according to an SEC filing. The filing indicates that Crusoe has secured $686 million of the $818 million total that it hopes to raise. Seventy investors have contributed to the tranche so far, per the filing.
Crusoe Energy Systems LLC (“Crusoe”) announced today a significant expansion of its Cloud business. Equipped with new capacity online and additional financing earmarked for further GPU purchases, Crusoe’s latest move marks an important milestone in the next phase of its mission to reduce the environmental impact of computing and provide customers with a reliable, sustainable, and cost-effective solution for AI workloads. This is a key moment for Crusoe as it works to make clean computing solutions available at scale in the burgeoning artificial intelligence space.
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