Vistara Capital invests in growth of VC-backed CoolIT Systems
CoolIT Systems, a Calgary-based liquid cooling technology company, has raised undisclosed debt financing from Vistara Capital Partners. Vistara invested through its third technology debt fund, Vistara Technology Growth Fund III, which was launched in October with a $130 million (US$100 million) target. Founded in 2001, CoolIT provides modular, scalable liquid cooling solutions for data centres. It will use the funds raised to expand production capacity in response to demand from new and existing global customers. CoolIT is backed by Canadian venture capital firm iNovia Capital, U.S. firm Chart Venture Partners and other investors.
16 January 2019•3 mins read
