Flexenclosure Raises US$24M in Funding

Flexenclosure, a Sweden-based specialist developer of intelligent power management systems and pre-fabricated data centres for the telecom industry, raised US$24m in funding.

Backers included new investor the International Finance Corporation (IFC), as well as existing shareholders Industrifonden and Andra AP-fonden (AP2).

The company intends to use the funds to further develop its eSite and eCentre technologies, “green” ICT solutions aimed mainly at the developing markets in Asia and Africa.

Led by CEO David King, Flexenclosure has built:
– eSite, a portfolio of energy-efficient hybrid power systems for base station sites in areas where grid power is unreliable or unavailable; and
eCentre, a prefabricated, fully equipped modular data centre solution, to house and power data and telecom equipment.



Join the discussion