# Cool Planet Energy Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cool-planet-energy-systems

- Industry: Renewable Energy
- Headquarters: Greenwood Village, US
- Website: www.coolplanet.com
- Total disclosed funding: $124M
- Latest round: Series D (Jan 14, 2016)
- Investors on record: 15

## About

Cool Planet Energy Systems, Inc. specializes in developing innovative technologies focused on sustainable energy solutions, particularly converting biomass into renewable energy and fuels.Founded in 2009 and headquartered in Greenwood Village, US, Cool Planet Energy Systems, Inc. operates in the renewable energy sector. The company is known for its development of advanced biomass conversion technologies. Paul Thompson, the founder, has a history in the energy sector but no specific prior ventures are documented. In July 2018, the company raised USD 20.3 mn in venture funding led by North Bridge Venture Partners, bringing the total amount raised to USD 20.3 mn. The company has engaged in 11 deals since its inception, with no noted pivots or ownership changes.Cool Planet Energy Systems, Inc. offers innovative technologies that convert biomass into renewable energy and fuels. Their solutions are designed to enhance energy efficiency and sustainability, targeting businesses in various sectors, including energy and manufacturing. The company's products cater to a range of clients, from small enterprises to large corporations, emphasizing reliability and effectiveness. The company's services are marketed primarily in North America and parts of Europe.The company's revenue model is primarily based on the sale of technology solutions and licensing agreements, allowing clients to integrate their biomass conversion systems into existing operations. They generate income through direct sales and partnerships, providing clients with innovative energy solutions tailored to their needs. Revenue streams are supported by strategic collaborations with industry partners.Cool Planet Energy Systems, Inc. is focused on expanding its product offerings by developing new biomass conversion technologies, with plans to launch these innovations in the coming years. The company aims to enter new markets, specifically targeting Europe and Asia, by 2025. The recent funding of USD 20.3 mn will be utilized to support product development and market expansion initiatives, ensuring the company can meet increasing demand for sustainable energy solutions.

## Funding rounds

- Series D, Jan 14, 2016, $9.2M — North Bridge Venture Partners, Yung's Enterprise Holdings
- Series D, Aug 27, 2015, $3.5M — North Bridge Venture Partners, Rally Capital
- Series D, Mar 20, 2014, $72M — North Bridge Venture Partners, GV, BP p.l.c., NRG Energy, Inc., Goldman Sachs Asset Management, General Electric Company, Energy Technology Ventures, ConocoPhillips, Exelon Corporation, Concord Energy Pte Ltd
- Series C, Nov 18, 2011, $19M — North Bridge Venture Partners, Shea Ventures, GV, Energy Technology Ventures, BP Ventures
- Series B, Feb 18, 2011, $15M — GV
- Series B, Aug 13, 2010, $3M — North Bridge Venture Partners, GE Energy Financial Services
- Series A, Sep 9, 2009, $3.5M — North Bridge Venture Partners

## Investors

- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series A, Series B, Series C, Series D
- GE Energy Financial Services (https://capitalatlas.ai/funds/ge-energy-financial-services) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C, Series D
- Shea Ventures (https://capitalatlas.ai/funds/shea-ventures) — Series C
- Energy Technology Ventures (https://capitalatlas.ai/funds/energy-technology-ventures) — Series C, Series D
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series C
- BP p.l.c. — Series D
- NRG Energy, Inc. — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- General Electric Company — Series D
- ConocoPhillips — Series D
- Exelon Corporation — Series D
- Concord Energy Pte Ltd — Series D
- Rally Capital (https://capitalatlas.ai/funds/rally-capital) — Series D
- Yung's Enterprise Holdings — Series D