Tech Company Financing Transactions

CoolIT Systems Funding Round

CoolIT Systems closed a $32.4 million Series D funding round on 9/17/2007. Investors included Battery Ventures, Austin Ventures and Credit Suisse.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series D
Proceeds Purpose
COPAN Systems will use the capital to fuel investment in next generation technologies; expand sales efforts with an emphasis on Europe, Asia Pacific and Japan; and increase marketing and promotional activities.

Company Information

Company Status
Private & Independent
Enterprise IT
Mailing Address
290 Harbor Dr.
Stamford, CT 06902
Email Address
Not Recorded
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.
CoolIT Systems LinkedIn Company Profile
Social Media
CoolIT Systems Company Twitter Account
Company News
CoolIT Systems News
CoolIT Systems on Facebook
CoolIT Systems on YouTube

Management Team

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: 9/17/2007: CloudShield Technologies venture capital transaction
Next: 9/17/2007: Ecrio venture capital transaction


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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, an affiliated venture.


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