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FinTech Series B Founded 2019

Lake Parime

Lake Parime is a sustainable engineering company that provides solutions for high-performance computing and energy sectors by utilizing excess renewable energy to power computing infrastructure. The company focuses on creating sustainable computing solutions that leverage stranded or surplus renewable energy resources, enabling cost-effective and environmentally responsible high-performance computing operations. By…

📍 London, United Kingdom · Cryptocurrencies,

Funding snapshot

Last roundSeries B
Amount$15M
Date11 January 2024
Total raised$15M
Team size4

About

Lake Parime is a sustainable engineering company that provides solutions for high-performance computing and energy sectors by utilizing excess renewable energy to power computing infrastructure. The company focuses on creating sustainable computing solutions that leverage stranded or surplus renewable energy resources, enabling cost-effective and environmentally responsible high-performance computing operations. By siting computing infrastructure near renewable energy sources with excess capacity, Lake Parime helps reduce the carbon footprint of intensive computing workloads while improving energy utilization efficiency. Founded in 2019 and headquartered in London, United Kingdom, the company has raised approximately $14.6 million in Series B funding from investors including Bells Ventures and GCC, with a team of 4 employees.

Business model

Blockchain Infrastructure > Mining > Hardware,

Cryptocurrencies > Mining > Hardware

Institutional investors

Bells Ventures GCC

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