Stark Power Ltd., a Tel Aviv-based energy infrastructure and data center development company, announced it has secured approximately nis 215 million, about $70 million, in its inaugural equity raise from leading Israeli institutional investors. The transaction values the company at roughly nis 580 million, or $187 million, on a post-money basis and is intended to support its expansion across the U.S. power and digital infrastructure markets.
The capital raise was structured through the allotment of ordinary shares and warrants. Investors committed about nis 140 million, approximately $45 million, through the purchase of shares priced at nis 7.50 each. The offering also included two warrant series, a short-term tranche exercisable at nis 7.50 per share through October 1, 2026, and a long-term tranche exercisable at nis 10.00 per share through October 1, 2029. These warrants represent potential additional proceeds of nis 75 million, about $25 million, and nis 215 million, about $70 million, respectively. If fully exercised, total gross proceeds could reach around nis 430 million, or $140 million.
The funding round drew participation from a group of prominent Israeli institutional investors, including Alpha Opportunities Fund, Harel Insurance, Phoenix Insurance Company, More Investment House, Noked Capital, and Arkin Capital. Following the closing, these investors are expected to become significant shareholders in the company.
Stark Power plans to deploy the capital toward its U.S. growth strategy, focusing on opportunities that combine energy infrastructure development with large-scale data center projects. The company’s “Power First” approach emphasizes access to power, interconnection positioning, and energy development capabilities as critical drivers of value creation in the data center sector.
Founded by former senior executives of Enlight Renewable Energy and Nofar Energy, Stark Power is targeting large-scale projects at the intersection of power generation and digital infrastructure. The company aims to leverage its experience in energy development, capital markets, and project execution to build a pipeline of opportunities where power availability is a key constraint.
Completion of the offering remains subject to customary closing conditions.
KEY QUOTE:
“We believe the combination of Israeli institutional support, public-market access, and our U.S. origination platform creates a differentiated foundation for growth. This capital positions us to move quickly on opportunities where power availability is the gating factor and to advance our pipeline across energy infrastructure and data center development.”
Michael Avidan, Chief Executive Officer of Stark Power
