# KoolSpan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/koolspan

- Industry: Marketing/Advertising
- Headquarters: Bethesda, US
- Website: www.koolspan.com
- Total disclosed funding: $28M
- Latest round: Series D (Jul 18, 2011)
- Investors on record: 7

## About

KoolSpan specializes in secure communication solutions designed to protect sensitive information through advanced encryption technologies, catering to government and private sector clients.Founded in 2001 and headquartered in Bethesda, US, KoolSpan focuses on secure communications. The company has undergone strategic pivots to enhance its service offerings. It has raised a total of USD 7.40 mn, with the latest funding round occurring on June 27, 2014, led by Security Growth Partners and TWJ Capital LLC. The CEO is Jenkins Ravenel.KoolSpan's primary product, TrustCall, serves as a secure communications platform that provides a comprehensive suite of services including voice calls, instant messaging, video calls, conference calls, and file transfers. TrustCall is designed to create a secure environment that is impervious to external threats, functioning without dependency on the public internet. This product is particularly useful for organizations that prioritize confidentiality and data protection, such as government agencies, military entities, and private enterprises across various sectors. TrustCall's end-to-end encryption is FIPS 140-2 certified, ensuring that communications remain secure whether in transit or stored on devices. KoolSpan's solutions are marketed globally, with notable deployment in countries engaged in sensitive operations, emphasizing its capability to operate effectively in disconnected environments where traditional communication methods pose security risks.KoolSpan's revenue model is structured around subscription-based services, where clients, including government agencies and private sector organizations, pay for access to the TrustCall platform. The company offers tiered pricing plans that accommodate varying levels of service usage, focusing on features such as secure messaging, group chat, and video conferencing. Through direct business-to-business transactions, KoolSpan engages with clients requiring robust security solutions, ensuring that their communication infrastructure remains safeguarded against potential cyber threats. Partnerships with channel partners also contribute to revenue, enabling KoolSpan to reach a broader client base while maintaining control over client data and security features provided. The comprehensive nature of the TrustCall platform positions KoolSpan as a critical player in the cybersecurity communications market, facilitating secure interactions for users worldwide.KoolSpan plans to leverage its recent funding round of USD 7.40 mn raised on June 27, 2014, to develop new features and enhancements for the TrustCall platform. The company aims to expand into international markets, particularly focusing on regions with high security demands. Specific target markets include Europe and Asia, where it plans to establish a presence by 2025. This growth strategy will be supported by investments in product development and market outreach initiatives.

## Funding rounds

- Series D, Jul 18, 2011, $4M — TWJ Capital LLC, Rose Tech Ventures, Security Growth Partners
- Series D, Jun 8, 2010, $9.5M — Cisco Systems, TWJ Capital LLC, Rose Tech Ventures, Security Growth Partners
- Series C, May 13, 2008, $7.1M — TWJ Capital LLC, Rose Tech Ventures, Security Growth Partners, New York Angels
- Series C, Nov 22, 2006, $6.5M — TWJ Capital LLC, Rose Tech Ventures, Security Growth Partners, Maryland Department of Business and Economic Development, Maryland Technology Development Corporation, New York Angels
- Series A, Feb 25, 2004, $1.2M — Rose Tech Ventures, New York Angels
- Angel, Jan 1, 2003 — Rose Tech Ventures

## Investors

- Rose Tech Ventures (https://capitalatlas.ai/funds/rose-tech-ventures) — Angel, Series A, Series C, Series D
- New York Angels (https://capitalatlas.ai/funds/new-york-angels) — Series A, Series C
- TWJ Capital LLC — Series C, Series D
- Security Growth Partners (https://capitalatlas.ai/funds/security-growth-partners) — Series C, Series D
- Maryland Department of Business and Economic Development — Series C
- Maryland Technology Development Corporation — Series C
- Cisco Systems — Series D