# Cooltech Applications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cooltech-applications

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: France
- Website: www.weenter.com
- Total disclosed funding: $2.3M
- Latest round: Series B (Dec 30, 2005)
- Investors on record: 3

## About

Cooltech Applications is a French technology firm specializing in innovative software solutions aimed at enhancing operational efficiency and user experience for various industries.Founded in 2003, Cooltech Applications focuses on developing software tools that streamline operational workflows for businesses. The company is based in France and has undergone no significant pivots in its business strategy. The CEO, Gregor van Ackeren, has led the company through various stages of development. In January 2018, Cooltech Applications raised EUR 1.21 mn in funding, bringing the total amount raised to EUR 1.21 mn, with a current company valuation of EUR 9.808 mn.Cooltech Applications specializes in providing a suite of software tools designed to improve efficiency and optimize workflows for businesses across multiple sectors. Their product offerings include solutions for project management, data analytics, and customer engagement, catering to SMEs and large enterprises in technology, consulting, and retail. The company serves clients primarily in North America, Europe, and parts of Asia, ensuring that their offerings align with diverse user needs and enhance operational productivity.In the most recent fiscal year, 2016, Cooltech Applications reported a revenue of EUR 1,574,233.70, with an EBITDA of EUR -2,827,426.30, indicating challenges in profitability during that period.Cooltech Applications plans to enhance its product lineup with new software solutions scheduled for release later this year, focusing on advanced data analytics and customer interaction tools. The company is targeting expansion into the Asian market, particularly in countries like China and India, by the end of 2020. The funding raised in January 2018 will be allocated towards product development and marketing strategies to support these growth initiatives.

## Funding rounds

- Series B, Dec 30, 2005, $2.3M — TechFund Capital Europe Management, SODIV, Tikehau Capital

## Investors

- TechFund Capital Europe Management (https://capitalatlas.ai/funds/techfund-capital-europe-management) — Series B
- SODIV — Series B
- Tikehau Capital — Series B