XNRGY Announces Completion of Growth Financing Round with Investment from Capital Bridge Group and Prologis Ventures
Mesa, AZ and Montreal, QC — November 20, 2025 — XNRGY Climate Systems, a leading North American manufacturer of sustainable liquid and air-cooling technologies as well as control systems, today announced it had completed its previously announced financing round with an investment from Capital Bridge Group and Prologis Ventures, joining Decarbonization Partners, a joint venture between BlackRock and Temasek, Climate Investment, and Activate Capital. This growth equity financing provides added resources for the 2023 investments from Idealist Capital and MKB, who remain key shareholders in XNRGY.
Wais Jalali Founder, Chairman and CEO of XNRGY, commented: “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.”
Capital Bridge Group is a growth-stage investment and advisory firm founded by Michael Ronen, a former Partner and COO of Global Technology, Media and Telecom (TMT) banking at Goldman Sachs, and a former Managing Partner at SoftBank’s Vision Fund.
Michael Ronen, Managing Partner of Capital Bridge Group, commented: “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.”
“Meeting the world’s growing energy needs requires new approaches to efficiency,” said William O’Donnell, global head of Corporate Development and Growth at Prologis. “Our investment in XNRGY helps advance the technology that supports the build out of the data center infrastructure that our daily lives run on.”
XNRGY is a leading North American manufacturer of high-efficiency liquid and air-cooling systems with integrated controls and
AI capabilities. Its technologies are designed to meet the evolving demands of hyperscale data infrastructure, offering modular scalability, reliability, and energy efficiency in high-ambient-temperature environments. XNRGY continues to implement
state-of-the-art production systems inspired by the automotive standards, integrating digital tracking and rigorous quality control throughout its manufacturing process. Its comprehensive thermal management solutions, spanning Liquid Side, Air Side, and full thermal manage-ment solutions with proprietary controls integration are engineered by a team of seasoned experts to
meet the increasing demands of modern data infrastructure.
Christopher Fazekas, Vice-Chairman of the Board of XNRGY, commented: “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.”
On October 23, 2025, XNRGY celebrated the grand opening of its Mesa 1 manufacturing facility with a ribbon-cutting ceremony in Mesa, Arizona. The event was attended by over 200 people including Arizona dignitaries, XNRGY‘s customers and partners, and XNRGY‘s Mesa, Arizona, employees. XNRGY is rapidly expanding its U.S. manufacturing footprint and accelerating the deployment of next-generation cooling solutions to meet the demand from data centers and other mission-critical infrastructure. XNRGY operates with divisions in Montreal, Canada, and Mesa, Arizona, and is strategically positioned to serve customers across North America.
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