Fundz

i2Cool attracts close to HKD100 million in Series A financing led by Trustar Capital and Future Times Technology Holding Company Limited to advance R&D of new technologies and expand product portfolio.

PRIVATEMay 13, 2024

Amount Raised

HK$100 Million

Round Type

Series A

KowloonEnergyRenewable Energy

Investors

The Hong Kong And China Gas Company Limited (Towngas)Future Times Technology Holding Company LimitedTrustar Capital

Description

i2Cool, a company specializing in electricity-free cooling technology, has attracted nearly HKD100 million (USD13.8 million) in its Series A round financing to advance its R&D of new technologies, expand its product portfolio, and accelerate its push into global markets. The funding round was led by Trustar Capital and Future Times Technology Holding Company Limited.

Quick answer

i2Cool raised HK$100 Million in a Series A round, dated May 13, 2024. Investors: The Hong Kong And China Gas Company Limited (Towngas), Future Times Technology Holding Company Limited and Trustar Capital. i2Cool is based in Kowloon, Hong Kong, China.

How much did i2Cool raise?
i2Cool raised HK$100 Million in a Series A round on May 13, 2024.
Who invested in i2Cool?
The Hong Kong And China Gas Company Limited (Towngas), Future Times Technology Holding Company Limited and Trustar Capital are named as investors in this round.
What does i2Cool do?
At i2Cool, we're dedicated to integrating energy-saving technologies into daily life, promoting sustainability, and advancing towards carbon neutrality.
Where is i2Cool based and how big is it?
i2Cool is based in Kowloon, Hong Kong, China. Fundz records about 26 employees.
Who are the decision-makers at i2Cool?
Fundz holds 3 contacts at i2Cool, including the Vice President of Corporate Development. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as i2Cool that raised within 45 days of this round, from Fundz verified event records.

  • Libattion raised $15M (Private Equity) on June 27, 2024.
  • Vertus Energy raised $9.5M (Seed) on June 27, 2024.
  • Neo San raised $1.5M (Seed) on June 27, 2024.
  • Heatio raised $2.6M (Seed) on June 27, 2024.
  • Queens Carbon raised $15M (Seed) on June 26, 2024.
  • ClearSky Global raised $168M (Funding Round) on June 26, 2024.

Who to call at i2Cool, and when

A new round usually means i2Cool is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day i2Cool raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at i2Cool, from your own LinkedIn network

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Company Information

Company

i2Cool

Location

Kowloon, Hong Kong, China

About

At i2Cool, we're dedicated to integrating energy-saving technologies into daily life, promoting sustainability, and advancing towards carbon neutrality. Our core R&D team, consisting of esteemed professors, doctors, and young scientists from the School of Energy and Environment at City University of Hong Kong, has over 7 years of expertise in developing groundbreaking cooling solutions. We are proud to announce our recent feature in the top journal Science for our revolutionary research in Electricity-free Cooling Technology. Our dedicated team of experts has spearheaded this remarkable achievement.

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Fundz sees it the moment i2Cool raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsKyle H., Vice President of Corporate DevelopmentSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

i2Cool raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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