RCD advises on the closing of Submer’s €50M financing round

RCD has advised Submer on the closing of its largest financing round to date, in which it has raised €50M. The company is developing a technology to immerse any type of electronic component in a biodegradable fluid that allows equipment to cool and consume energy more efficiently than traditional methods.

This investment marks the beginning of the company’s next phase of growth, which will allow it to capitalize on new business opportunities, as well as expand its US and Taiwan locations and strengthen its presence in key markets. The investment round was led by M&G Catalyst, Planet First Partners, and Norrsken VC.

A team led by Ramon Manyà and Ismael Peralta, director and associate of the innovation and entrepreneurship area, has advised Submer in this transaction.