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coolerado.com

Founded Year

1999

Stage

Acquired | Acquired

Total Raised

$21.27M

About Coolerado

Coolerado manufactures and markets air conditioning systems for commercial, government, and military use. Based on proven technology, the products use as little as 10% of the energy required by most efficient conventional systems. The company's products reduce customers' energy consumption, while creating a healthier environment by delivering fresh air and flushing out stale air and pollutants.

Coolerado Headquarter Location

4430 Glencoe Street

Denver, Colorado, 80216,

United States

303-375-0878

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Coolerado Patents

Coolerado has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/14/2014

5/22/2018

Cooling technology, Atmospheric thermodynamics, Home appliances, Dosage forms, Psychrometrics

Grant

Application Date

8/14/2014

Grant Date

5/22/2018

Title

Related Topics

Cooling technology, Atmospheric thermodynamics, Home appliances, Dosage forms, Psychrometrics

Status

Grant

Latest Coolerado News

Denver manufacturer bought by Aussie company with big expansion plans

Jun 25, 2015

Seeley International is Australia’s biggest manufacturer of air conditioning units and also has its own line of energy-efficient cooling and heating equipment. The company’s lines include Breezair, Convair, Coolair, Braemar and Climate Wizard. “We’re excited about these guys,” Teynor said of Seeley. Seeley, a private manufacturing company in Adelaide, Australia, has offices in six countries including a sales office in Phoenix it’s had for about 30 years. Seeley has about 400 employees and sells its products in 100 countries. “The addition of Coolerado’s innovative and award-winning products to our portfolio demonstrates our commitment and leadership in providing energy efficient air conditioning products,” said Frank Seeley , Seeley International’s founder and executive chairman, in a statement. “This acquisition establishes a U.S.-based manufacturing facility which is another exciting step in our growth strategy as we look to move closer to our North American customers,” Seeley said. Seeley's announcement said the company "intends to considerably increase its North American operations with a multi-million dollar capital injection designed to increase product availability and customer service" Coolerado’s management “is intact, going to stay around and [will] be part of a much larger operation,” said Teynor. Coolerado has about 35 employees. Teynor said Seeley plans to invest “north of $1 million, maybe more like $2 million” into Coolerado, with new automation equipment aimed at driving down costs of making Coolerado’s air conditioning unit. And the deal means Coolerado will expand the product lines it offers by adding the Breezair, Seeley’s direct evaporative cooling unit as well as Seeley’s heating products, Teynor mean. Seeley’s network of dealerships also will add Coolerado’s product to their offerings — meaning Coolerado will now be available in the 100 countries where Seeley sells its equipment, he said. For Seeley, the deal offered the chance to acquire a manufacturing operation that could be expanded, Teynor said. “Seeley was looking for a manufacturing headquarters, and right now they’re leaning toward Denver,” Teynor said. “And if so, then we could be making all their product lines here. It would be a substantial operation.” Teynor said the expanded manufacturing operation, if Seeley decides to put it in Denver, would need between 100,000 and 300,000 square feet of space to meet the needs of the North American market. Want Denver Manufacturing news in your inbox? Sign up for our free email newsletters. Industries

  • When was Coolerado founded?

    Coolerado was founded in 1999.

  • Where is Coolerado's headquarters?

    Coolerado's headquarters is located at 4430 Glencoe Street, Denver.

  • What is Coolerado's latest funding round?

    Coolerado's latest funding round is Acquired.

  • How much did Coolerado raise?

    Coolerado raised a total of $21.27M.

  • Who are the investors of Coolerado?

    Investors of Coolerado include Seeley International, NewWorld Capital Group and Spring Mountain Capital.

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