# AssetCool

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/assetcool

- Industry: Power & Utilities
- Headquarters: Leeds, UK
- Website: www.assetcool.com
- Total disclosed funding: $17M
- Latest round: Series A (May 30, 2025)
- Investors on record: 7

## About

Based in Leeds, UK, and founded in 2016 by founder Niall Coogan, Cable Coatings Limited, doing business as AssetCool, develops and manufactures nanotechnology-based photonic coatings for the energy industry to address the energy trilemma by increasing network performance, reducing power losses, and lowering costs. In July 2025, AssetCool raised GBP 10 million in series A funding led by new investor Energy Impact Partners, with participation from other new investors Extantia Capital and Taronga Group. Returning investors Mercia Asset Management, Northern Gritstone, and Kero Development Partners also participated in the round. AssetCool offers photonic coatings to address the challenges posed by modern electricity networks. By lowering overhead line temperatures, increasing conductor ampacity, curbing carbon emissions, and minimising losses, the solution ensures consistent conductor performance across all solar radiation levels. This not only reduces power losses and carbon emissions but also offers substantial cost savings, both in initial capital expenditures (CAPEX) and ongoing operational expenditures (OPEX). The company will use the July 2025 funding for product development and expand its market reach.

## Funding rounds

- Series A, May 30, 2025, $14M — Mercia Asset Management, Energy Impact Partners, Taronga Ventures, Northern Gritstone, Kero Development Partners, Extantia
- Series A, Dec 12, 2022, $2.8M — Northern Powerhouse Investment Fund, Northern Gritstone, Kero Development Partners

## Investors

- Northern Powerhouse Investment Fund — Series A
- Northern Gritstone (https://capitalatlas.ai/funds/northern-gritstone) — Series A
- Kero Development Partners (https://capitalatlas.ai/funds/kero-development-partners) — Series A
- Mercia Asset Management (https://capitalatlas.ai/funds/mercia-asset-management) — Series A
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series A
- Taronga Ventures (https://capitalatlas.ai/funds/taronga-ventures) — Series A
- Extantia (https://capitalatlas.ai/funds/extantia) — Series A