# Fortuna Cools

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fortuna-cools

- Industry: Environmental Services
- Headquarters: Manila, Philippines
- Website: www.fortunacools.com/
- Latest round: Seed (May 25, 2021)
- Investors on record: 6

## About

Fortuna Cools designs and produces innovative insulated packaging solutions made from agricultural waste, particularly coconut husks, to offer sustainable alternatives for cold-chain applications in various industries.Founded in 2017 in Manila, Philippines, Fortuna Cools specializes in creating eco-friendly insulated packaging. The company was established by David Cutler and Tamara Mekler. It has secured one investment deal, with the most recent occurring on May 25, 2021, indicating an active involvement in the environmental packaging market.Fortuna Cools specializes in providing innovative insulated packaging solutions that utilize agricultural waste, specifically coconut husks, to create eco-friendly alternatives to traditional plastic foam products. Their primary product offerings include insulated packaging designed for cold-chain applications, such as shipping seafood, dairy products, and pharmaceuticals, as well as providing solutions for fresh produce deliveries. Fortuna's products excel in durability and insulative properties, outperforming conventional Styrofoam boxes while remaining competitively priced. The company targets a diverse clientele, including seafood and produce traders, retailers, and restaurants, particularly in the Philippines and other regions that are increasingly limiting plastic use.Fortuna Cools operates through a B2B model, establishing partnerships with small-scale farmers, cooperatives, and businesses in the cold-chain sector. Revenue generation occurs through direct sales of their insulated packaging products, customized to meet the needs of clients across various industries. The company's pricing structure provides an economical alternative to traditional packaging. Their flagship product, the Coconut Cooler, caters to outdoor enthusiasts and businesses, facilitating the transition to more sustainable packaging options.In May 2021, Fortuna Cools raised an undisclosed amount of SEED funding co-led by new investors ADB Ventures and Katapult Ocean, with participation from Manila Angel Investors Network, Nardo Holdings, Pasudeco, and She1K. The funds will be utilized to expand sales and engineering teams, as well as to increase production volumes to lower unit costs, thereby benefiting more farmers. The company plans to introduce new product lines and expand into international markets, focusing on regions with significant demand for sustainable packaging solutions.

## Funding rounds

- Seed, May 25, 2021 — Manila Angel Investors Network, She1K, ADB Ventures, Katapult Ocean, Pasudeco, Nardo Holdings

## Investors

- Manila Angel Investors Network (https://capitalatlas.ai/funds/manila-angel-investors-network) — Seed
- She1K (https://capitalatlas.ai/funds/she1k) — Seed
- ADB Ventures (https://capitalatlas.ai/funds/adb-ventures) — Seed
- Katapult Ocean — Seed
- Pasudeco (https://capitalatlas.ai/funds/pasudeco) — Seed
- Nardo Holdings — Seed