Tech Company Financing Transactions

CoolIT Systems Funding Round

CoolIT Systems, based in Stamford, raised $17.5 million in investment from Credit Suisse, Austin Ventures and FirstMark Capital.

Transaction Overview

Company Name
Announced On
3/7/2006
Transaction Type
Debt
Venture Equity
Amount
$17,500,000
Round
Series C
Investors

Credit Suisse (Lead Investor) (Wayne Nemeth)

Austin Ventures (Basil Horangic)

FirstMark Capital (Gregory Rossmann)

Globespan Capital Partners (Ullas Naik)

Horizon Technology Finance

Pinnacle Ventures

Proceeds Purpose
Proceeds from this latest round of financing will be used to scale COPAN's commitment to "surround the customer" by supporting new product development initiatives, expanding COPAN's worldwide service delivery model, and increasing the number of field-based storage experts.

Company Information

Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
290 Harbor Dr.
Stamford, CT 06902
USA
Email Address
Not Recorded
Overview
CoolIT Systems Inc. is the global leader in Direct Contact Liquid Cooling (DCLC ) for the Data Center and Desktop markets. As an experienced innovator with 44 patents and more than 1.75 million liquid cooling units deployed, CoolIT brings a wealth of design, engineering, and manufacturing knowledge to the table.
Profile
CoolIT Systems LinkedIn Company Profile
Social Media
CoolIT Systems Company Twitter Account
Company News
CoolIT Systems News
Facebook
CoolIT Systems on Facebook
YouTube
CoolIT Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Peter Calverley
  Peter Calverley LinkedIn Profile  Peter Calverley Twitter Account  Peter Calverley News  Peter Calverley on Facebook
Vice President
Ian Graham
  Ian Graham LinkedIn Profile  Ian Graham Twitter Account  Ian Graham News  Ian Graham on Facebook
VP - Engineering
Michael Holden
  Michael Holden LinkedIn Profile  Michael Holden Twitter Account  Michael Holden News  Michael Holden on Facebook
VP - Operations
Patrick McGinn
  Patrick McGinn LinkedIn Profile  Patrick McGinn Twitter Account  Patrick McGinn News  Patrick McGinn on Facebook
VP - Product Management
Brydon Gierl
  Brydon Gierl LinkedIn Profile  Brydon Gierl Twitter Account  Brydon Gierl News  Brydon Gierl on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/7/2006: Noble Device Technologies venture capital transaction
Next: 3/7/2006: Noven Pharmaceuticals venture capital transaction

 

Share this article

 


About Our Venture Capital Transactions Database

We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary