# Global Cooling

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/global-cooling

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Athens, US
- Website: www.globalcooling.com
- Latest round: Series B (Dec 21, 2018)
- Investors on record: 4

## About

Global Cooling, Inc. specializes in the design and manufacture of ultra-low temperature freezers essential for preserving sensitive biological materials and pharmaceuticals efficiently.Founded in 1995 and headquartered in Athens, US, Global Cooling, Inc. focuses on developing innovative ultra-low temperature solutions. The company was founded by Jim Still, who has a history of entrepreneurship in the refrigeration industry. In March 2022, BioLife Solutions, Inc. acquired Global Cooling, Inc., although the financial terms remain undisclosed.Global Cooling, Inc. designs ultra-low temperature (ULT) freezers crucial for preserving biological samples and pharmaceuticals at temperatures as low as -100°C. Their product range includes the VAULT100 upright ULT freezer, the SU105UE undercounter model for personal lab storage, and the ULT25NEU, which is the only portable ULT freezer currently available. These freezers use proprietary free-piston Stirling engine technology for enhanced energy efficiency and sustainability, catering primarily to research institutions, hospitals, and biopharmaceutical companies across North America, Europe, and Asia.Global Cooling, Inc. generates revenue through direct sales of its ultra-low temperature freezers and related products, primarily targeting B2B clients in the healthcare and research sectors. Transactions typically involve hospitals, universities, and laboratories, where clients purchase outright or enter into structured agreements, including maintenance services. Their flagship product line includes ENERGY STAR® certified models, reflecting advanced technology and energy-saving capabilities, appealing to customers focused on operational efficiency and sustainability.Following the acquisition by BioLife Solutions, Inc. in March 2022, Global Cooling, Inc. plans to leverage its new resources to enhance product offerings and expand into new geographic markets. Upcoming products include advanced versions of their ULT freezers designed for increased efficiency and reduced environmental impact, expected to launch by late 2023. The company also aims to penetrate markets in Asia and Europe by 2024, focusing on partnerships with local research institutions and healthcare providers to support their growth strategy.

## Funding rounds

- Series B, Dec 21, 2018 — Ohio Innovation Fund, Advantage Capital, American Financial Group, Inc., TechGROWTH Ohio

## Investors

- Ohio Innovation Fund (https://capitalatlas.ai/funds/ohio-innovation-fund) — Series B
- Advantage Capital — Series B
- American Financial Group, Inc. — Series B
- TechGROWTH Ohio (https://capitalatlas.ai/funds/techgrowth-ohio) — Series B