Tech Company Financing Transactions

CoolIT Systems Funding Round

iNovia Capital, Chart Venture Partners and private investors participated in a $6.2 million Series B capital raise for CoolIT Systems. The round was announced on 10/5/2011.

Transaction Overview

Company Name
Announced On
10/5/2011
Transaction Type
Venture Equity
Amount
$6,200,000
Round
Series B
Investors

iNovia Capital (Lead Investor) (Shawn Abbott)

Chart Venture Partners (Matthew McCooe)

Proceeds Purpose
This financing will support the increased working capital and manufacturing capacity required by our rapidly growing delivery schedules.

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


 

 

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Prev: 10/5/2011: ezCater venture capital transaction
Next: 10/5/2011: Quiet Logisticss venture capital transaction

 

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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.

 


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