What is Coolerado?
Coolerado distinguishes itself in the HVAC market with its compact, modular, indirect evaporative air conditioning systems. These solutions are engineered to deliver substantial energy savings, reportedly up to 80% compared to conventional systems, by utilizing fresh outside air. The company's technology not only reduces operational costs but also enhances indoor air quality by continuously circulating filtered, cooled fresh air. This focus on health and efficiency makes Coolerado's offerings particularly relevant for demanding environments such as residential, commercial, healthcare, and industrial facilities, including schools and military installations.
How much funding has Coolerado raised?
Coolerado has raised a total of $21.3M across 3 funding rounds:
Series B
$7.2M
Debt
$5M
Series C
$9.1M
Series B (2010): $7.2M with participation from NewWorld Capital Group LLC and Spring Mountain Capital
Debt (2012): $5M, investors not publicly disclosed
Series C (2012): $9.1M, investors not publicly disclosed
Key Investors in Coolerado
NewWorld Capital Group LLC
NewWorld Capital Group LLC is a private equity firm that focuses on resource productivity and environmental opportunities, aiming to support businesses transitioning to a more sustainable economy through capital and business assistance.
Spring Mountain Capital
Spring Mountain Capital provides expansion capital for enterprise technology and healthcare companies, employing diverse investment strategies including growth equity and social impact investing.
What's next for Coolerado?
The recent major strategic investment in Coolerado signals a pivotal phase for the company, likely aimed at scaling production, expanding market reach, and further developing its proprietary evaporative cooling technology. With a foundation built on significant energy savings and improved air quality, Coolerado is well-positioned to capitalize on increasing global demand for sustainable and cost-effective climate control solutions. This capital infusion is expected to accelerate its competitive edge against traditional air conditioning manufacturers and solidify its presence in enterprise-level contracts.
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