XNRGY Climate Systems has completed a new growth financing round that brings Capital Bridge Group and Prologis Ventures into its investor syndicate, strengthening the company’s position in the rapidly expanding market for high-efficiency data center cooling technologies. The new investors join Decarbonization Partners, Climate Investment, Activate Capital, Idealist Capital, and MKB, all of whom continue to support XNRGY’s expansion across North America.
The financing provides additional resources to accelerate the development of production capacity and scale next-generation liquid- and air-cooling systems tailored for hyperscale and AI data centers. XNRGY, which operates major divisions in Montreal and Mesa, has been increasing its U.S. manufacturing footprint as demand for energy-efficient thermal management systems grows across data-intensive industries.
Capital Bridge Group, founded by longtime technology and investment leader Michael Ronen, marks XNRGY as its inaugural investment. Ronen’s background includes senior roles at Fortress Investment Group, Goldman Sachs’s Global Technology, Media, and Telecom division, and SoftBank’s Vision Fund. Prologis Ventures aligns strategically with Prologis, a global leader in logistics and data infrastructure real estate.
The announcement follows the October opening of XNRGY’s Mesa 1 manufacturing facility in Arizona, an event attended by more than two hundred partners, customers, employees, and state representatives. The new facility further supports the company’s deployment of modular, reliable and energy-efficient cooling technologies engineered for extreme temperature environments. XNRGY continues to implement advanced production systems modeled on automotive manufacturing standards, integrating digital tracking and rigorous quality control.
XNRGY’s technology suite includes liquid-side and air-side cooling, as well as integrated AI-driven controls. These systems are designed to support hyperscale data centers, healthcare campuses, semiconductor clean rooms, pharmaceutical labs, electric vehicle battery facilities, and other mission-critical infrastructure requiring precise, efficient thermal management.
Capital Bridge Group specializes in technology-driven growth investments and strategic advisory support, leveraging three decades of global experience in mobility, AI, infrastructure, and telecommunications. Its model combines structured equity, operational advic,e and deep networks across institutional and family-office capital sources.
XNRGY’s leadership emphasized that the new partnership validates the company’s trajectory in the AI data center cooling market, which continues to accelerate as global demand for computational power intensifies.
KEY QUOTES
“We are thrilled to partner with Capital Bridge Group as we rapidly scale to meet customer demands for reliable and energy-efficient data center cooling solutions. The firm’s expertise aligns perfectly with our vision for being the leader of the AI data center cooling market.”
Wais Jalali, Founder, Chairman and CEO of XNRGY
“Our investment in XNRGY is a defining moment for Capital Bridge Group – our inaugural investment. We are very pleased to be working with Prologis, the global leader in logistics and data infrastructure real estate, as a partner to Capital Bridge and strategic investor in this round. As demand for AI-driven data centers accelerates globally, XNRGY’s advanced cooling and energy-efficient systems are uniquely positioned to become mission-critical infrastructure.”
Michael Ronen, Managing Partner of Capital Bridge Group
“Meeting the world’s growing energy needs requires new approaches to efficiency. Our investment in XNRGY helps advance the technology that supports the build out of the data center infrastructure that our daily lives run on.”
William O’Donnell, Global Head of Corporate Development and Growth at Prologis
“Michael is highly respected in the investment community and I couldn’t be more delighted to partner with him and Prologis Ventures. Their investment provides further validation for XNRGY as we continue our rapid growth and expansion to meet the very high customer demand for our data center cooling products.”
Christopher Fazekas, Vice-Chairman of the Board of XNRGY
