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As Liquid Cooling Gets Hot, CoolIT Systems Secures Round of Funding

Last week, Canadian liquid cooling vendor CoolIT Systems announced that the company has partnered with Vistara Capital Partners as the company expands production capacity to service new and existing global data center customers.

With our order backlog expanding by 400% in the last year, access to additional capital is critical for continued success,” said CoolIT Systems CFO, Peter Calverley. “With the creative financing package provided by Vistara the financial foundation is in place for 2019 to be another year of significant growth in data center liquid cooling sales for CoolIT.”

Vistara’s investment was made by the recently announced Vistara Technology Growth Fund III LP, a USD$100 million fund focused on providing flexible and tailored debt financing for technology companies across North America.

CoolIT Systems is at an exciting inflection point, managing a significant expansion of their business as liquid cooling is experiencing accelerated adoption by data center OEMs and operators,” said Vistara Partner, Noah Shipman. “Investment structures that efficiently facilitate growth over time is a hallmark of Vistara. We are thrilled to invest in and support another emerging Canadian technology leader.”

In this video from ISC 2018, CoolIT Systems’ Patrick McGinn describes the company’s latest energy efficient data center liquid cooling solutions.

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