What is Coolerado?
Coolerado distinguishes itself by offering compact, modular indirect evaporative air conditioning systems that leverage fresh outside air to achieve substantial energy savings, reportedly up to 80% compared to conventional cooling methods. Their technology is engineered to enhance indoor air quality by continuously circulating filtered, cooled fresh air, making it a viable solution for a wide array of sectors including residential, commercial, healthcare, and industrial applications. The company's commitment to healthier environments and operational efficiency has positioned it as a key player in the climate control market, serving diverse clients such as schools, military installations, healthcare facilities, and retail businesses.
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 Spring Mountain Capital and NewWorld Capital Group LLC
Debt (2012): $5M, investors not publicly disclosed
Series C (2012): $9.1M, investors not publicly disclosed
Key Investors in Coolerado
Spring Mountain Capital
Spring Mountain Capital is an investment firm with diverse strategies including growth equity and private capital, focusing on enterprise technology and healthcare companies. They also provide customized fixed income solutions and engage in social impact investing.
NewWorld Capital Group LLC
NewWorld Capital Group is a private equity firm dedicated to investing in resource productivity and environmental opportunities, aiming to foster a sustainable economy through capital and business support for environmentally conscious initiatives.
What's next for Coolerado?
With a history of strategic investments, including a Series C round in December 2012 and a Series B round in November 2010, Coolerado appears poised for continued expansion and technological advancement. The recent major strategic investment suggests a focus on scaling operations, enhancing product development, and potentially broadening market reach. The company's emphasis on energy savings and improved air quality aligns with growing global trends towards sustainability and healthier indoor environments, positioning Coolerado for sustained growth in the competitive HVAC industry.
See full Coolerado company page
