CoolIT Systems Completes $6.2M Series B Financing
Summary
CoolIT Systems Inc., a Calgary, AB, Canada-based provider of cooling systems, has completed a $6.2m series B financing.Backers include existing investor iNovia Capital and new investor Chart Venture Partners, L.P.The financing will support the increased working capital and manufacturing capacity.Led by CEO & CTO Geoff Lyon, CoolIT has developed maintenance free liquid cooling technology and delivers high-performance cooling systems to system manufacturers, data centre operators and retail customers.FinSMEs 05/10/2011
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