Raising Funds: $13.5 Million Allocated for Transforming Dissipated Energy into Computer Processing

Unblock, an innovative energy infrastructure company, has announced it has secured $13.5 million in funding. This significant investment will support aggressive hiring for engineering and field operations, as well as accelerate local data center production to grow across Latin America.

The funding round was led by Goldcrest Capital and Collaborative Fund, with Collaborative Fund having previously partnered with Unblock. Dan Friedland, the Managing Partner at Goldcrest Capital, expressed his excitement about the partnership, stating that Unblock has grown from 0 to 15MW in just over a year.

Unblock's technology, which deploys modular data centers at remote energy sites to capture flared gas and curtailed renewable energy, is already de-risked, according to Craig Wilson, a Partner at Collaborative Fund. This practice not only enables the company to operate the world's second-largest computing fleet at oil fields but also eliminates 142,000 tons of carbon dioxide emissions annually.

The partnership between Unblock, Collaborative Fund, and Goldcrest Capital is based on the belief that Unblock is able to execute effectively. This belief is shared by several other investors, including Pampa Energía, Grupo Sielecki, FJ Labs, NYDIG, Luxor Technology, Sunna Ventures, and several Latin American entrepreneurs.

Tomas Ocampo, the CEO and founder of Unblock, plans to use the financial support from Goldcrest Capital and Collaborative Fund to expand Unblock in Latin America. The company's ultimate goal is to build an elastic computing network to flexibilize midstream infrastructure and smooth volatility in the power grid. Unblock is uniquely positioned to capture Latin America's massive stranded energy opportunity, according to Craig Wilson.

Collaborative Fund and Goldcrest Capital acknowledge Unblock's team's vision and impeccable execution. Dan Friedland believes in Unblock's approach to making the world better while delivering strong financial returns. Tomas Ocampo serves as the driving force behind Unblock, with Dan Friedland from Goldcrest Capital and Craig Wilson from Collaborative Fund also partnering with the company.

With this new funding, Unblock is poised to double its capacity by September, further cementing its position as a leader in energy infrastructure solutions.