# CoolIT Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coolit-systems

- Industry: Hardware
- Headquarters: Calgary, Canada
- Website: www.coolitsystems.com
- Total disclosed funding: $11M
- Latest round: Series B (Oct 5, 2011)
- Investors on record: 3

## About

Based in Alberta, Canada and founded in 2001, CoolIT Systems, Inc. operates as a designer and distributor of next-generation cooling products for desktop and data centers systems. In June 2023, KKR and Mubadala Investment Company acquired CoolIT Systems Inc. from nVent Management Company, BDC Capital, Vistara Capital Partners, Chart Venture Partners and AVAC for USD 270 million. As of August 2025, the company is led by its CEO, Jason Waxman.. CoolIT Systems offers passive coldplates, coolant distribution units (CDU), rack and chassis manifolds, rear door heat exchangers (RDHx), and secondary fluid networks (SFN) to support the server, data center environment, and rack configuration to enhance the performance of server technology. In addition, the company provides technologies, such as direct liquid cooling (DLC), patented split-flow coldplates, centralized pumping, adaptable barb mounting, command2 control and system, and quick disconnects (QDs). The company also offers multiple services including deployment, a network of approved service providers, and training to the customers.

## Funding rounds

- Series B, Oct 5, 2011, $6.2M — Inovia Capital, Chart Venture Partners
- Series A, Mar 24, 2009, $4.9M — Inovia Capital, Verdex Capital

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series A, Series B
- Verdex Capital (https://capitalatlas.ai/funds/verdex-capital) — Series A
- Chart Venture Partners (https://capitalatlas.ai/funds/chart-venture-partners) — Series B