What is Coolerado?
Coolerado specializes in the engineering and deployment of compact, modular, indirect evaporative air conditioning systems. By utilizing advanced thermodynamic principles, the company delivers fresh, filtered outside air while achieving energy savings of up to 80% compared to conventional refrigeration-based cooling systems. This value proposition is particularly compelling for energy-intensive sectors, including healthcare facilities, industrial manufacturing, military installations, and educational institutions. By replacing stale indoor air with cooled, fresh alternatives, Coolerado addresses the dual challenge of operational cost reduction and occupant health, positioning itself as a critical provider in the green building and sustainable infrastructure ecosystem.
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 is a private equity firm focused on investing in the resource productivity and environmental opportunities sectors, facilitating the transition to a sustainable economy.
Spring Mountain Capital
Spring Mountain Capital provides growth equity and expansion capital for enterprise technology and healthcare companies, with a strong focus on social impact and sustainable asset classes.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Coolerado?
With the successful closure of its latest financing round, Coolerado is poised to expand its operational footprint and enhance its manufacturing capabilities to meet diverse commercial and industrial requirements. The strategic focus will likely shift toward scaling production to accommodate larger enterprise contracts and further refining its proprietary cooling technology to maintain a competitive edge in the global HVAC market. As regulatory pressures regarding carbon emissions and energy efficiency intensify, Coolerado's ability to provide scalable, low-energy cooling solutions will be central to its long-term growth strategy. The company is expected to leverage its existing investor network to explore new market segments and solidify its reputation as a leader in resource-efficient environmental technology.
See full Coolerado company page
