Stark Power raises $48M just months after last raise to fund US data center push
What's the deal? Stark PowerDealroom has a profile for this one. Try Dealroom → has raised roughly $48 million (146 million ILS) in a post-IPO equity round led by Migdal Insurance, with Mor Investment HouseDealroom has a profile for this one. Try Dealroom →, Harel InsuranceDealroom has a profile for this one. Try Dealroom →, and existing backers also participating. The energy infrastructure and data center developer plans to use the money to expand in the US.
The structure: Upfront proceeds total about $21 million (65 million ILS), at a share price of 10.50 ILS. That marks a 40% jump from the company's previous equity raise in April 2026.
Why now? The deal lands only months after Stark Power's last raise — a quick re-raise at a higher share price. The remaining funds come as three-year options to buy shares at 13 ILS each, potentially adding $27 million (roughly 80 million ILS).
Migdal Insurance, one of Israel's largest institutional investors, committed about $12 million (40 million ILS), making it a substantial shareholder.
What's the endgame? The capital supports growth following Stark Power's acquisition of Sagebrush Infrastructure PartnersDealroom has a profile for this one. Try Dealroom →. That deal brought five hyperscale data center campuses in the US Midwest, with 5.6 gigawatts of power generating capacity.
The signal: Raising again so soon, at a 40% higher price, points to investor appetite for infrastructure tied to US data center demand — and to Stark Power's push to fund that buildout quickly.
Read more: Third News
