About Submer
Submer is a company based in Barcelona (Spain) founded in 2015 by Daniel Pope and Pol Valls Soler.. Submer has raised $89.5 million across 6 funding rounds from investors including Santander, M&G and European Union. Submer has completed 1 acquisition, including Radian Arc. Submer offers products and services including SmartPod EVO, SmartPod EXO, MicroPod, and Immersion Fluids. Submer operates in a competitive market with competitors including Danfoss, Johnson Controls, Sidewalk Labs, TAS and Greenely, among others.
- Headquarter Barcelona, Spain
- Founders Daniel Pope, Pol Valls Soler
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Sectors
Business ServicesEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Submer, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$89.5 M (USD)
in 6 rounds
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Latest Funding Round
$20.93 M (USD), Debt – Conventional
Dec 19, 2024
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Investors
Santander
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Submer
Submer offers a comprehensive portfolio of products and services, including SmartPod EVO, SmartPod EXO, MicroPod, and Immersion Fluids. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact plug-and-play solution for scalable data center cooling
Advanced system for high-density and reliable workloads
Small-scale unit for efficient cooling applications
Non-toxic fluids for effective heat transfer in systems
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Funding Insights of Submer
Submer has successfully raised a total of $89.5M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $20.93 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $20.9M
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First Round
First Round
(01 Mar 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Debt – Conventional - Submer | Valuation |
investors |
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| Oct, 2024 | Amount | Series C - Submer | Valuation | M&G | |
| Jan, 2022 | Amount | Series C - Submer | Valuation | Planet First Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Submer
Submer has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Santander, M&G and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on healthcare, energy, and multiple sectors
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Founded Year | Domain | Location | |
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Impact investments are made in startups addressing global challenges.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Submer
Submer has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Radian Arc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Storage and networking infrastructure is operated in telecommunication services.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Submer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Submer Comparisons
Competitors of Submer
Submer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Danfoss, Johnson Controls, Sidewalk Labs, TAS and Greenely, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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| domain | founded_year | HQ Location |
Building energy and transportation management solutions are provided.
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| domain | founded_year | HQ Location |
TAS is recognized for providing innovative modular construction solutions.
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| domain | founded_year | HQ Location |
Provider of the mobile application for household energy consumption monitoring
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Submer
Frequently Asked Questions about Submer
When was Submer founded?
Submer was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Submer located?
Submer is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Who is the current CEO of Submer?
Patrick Smets is the current CEO of Submer.
Is Submer a funded company?
Submer is a funded company, having raised a total of $89.5M across 6 funding rounds to date. The company's 1st funding round was a Series C of $34M, raised on Mar 01, 2018.
What does Submer do?
Submer was founded in 2015 in Barcelona, Spain, as a provider of immersion technology-based cooling solutions for data center operations. Systems are designed to support efficiency in sectors such as gaming, government, telecommunications, banking, fintech, education, and research. Operations focus on sustainable cooling methods tailored to high-performance computing needs across various industries.
Who are the top competitors of Submer?
Submer's top competitors include Danfoss, Johnson Controls and TAS.
What products or services does Submer offer?
Submer offers SmartPod EVO, SmartPod EXO, MicroPod, and Immersion Fluids.
How many acquisitions has Submer made?
Submer has made 1 acquisition, including Radian Arc.
Who are Submer's investors?
Submer has 8 investors. Key investors include Santander, M&G, European Union, Planet First Partners, and Norrsken VC.