Foley Hoag advised Spring Lane Capital, a private equity firm
that invests in real-asset platforms crossing the "missing
middle" with tailored project finance and corporate equity
solutions, as lead investor in a $115 million Series C financing round in
Zanskar Geothermal. Zanskar is an AI‑native geothermal energy
company leveraging artificial intelligence and advanced geoscience
to identify, develop, and operate utility‑scale geothermal
power projects. The financing positions Zanskar for rapid growth by
enabling the company to advance its gigawatt-scale pipeline through
a historic geothermal exploration and development campaign.
A Foley Hoag team including Mark Barnett, Erica Harrington, Lexi
Stacy, Dania Keller, and Matthew Hursh provided legal counsel on
behalf of Spring Lane Capital and are proud to support Spring
Lane's investment in this groundbreaking work.
PRESS RELEASE
26 January 2026
Foley Hoag Advises Spring Lane Capital As Lead Investor In A $115 Million Series C Financing Of Zanskar Geothermal
Foley Hoag LLP
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Foley Hoag advised Spring Lane Capital, a private equity firm that invests in real-asset platforms crossing the “missing middle” with tailored project finance and corporate equity solutions...