What does ColdVentures do?
ColdVentures is a Los Angeles-based company that develops ColdVest, a patented FDA Class 1 medical device that delivers rapid core body cooling through an endothermic reaction. The device is used to provide immediate relief from heat stress in schools, athletic programs, industrial settings, and other high-temperature environments.
How much did they raise?
The company raised an undisclosed amount in its Seed round at a valuation of $2.5M, with no lead or participant investors disclosed.
What are their plans for the money?
ColdVentures intends to use the funds to expand its operations and development efforts both domestically and internationally, enhancing the deployment of its cooling technology to protect workers, students, and athletes in heat-vulnerable regions.
What have they achieved so far?
ColdVentures has already made significant progress by deploying ColdVest across various high-risk environments in the U.S., and is currently operating in Japan and Australia, demonstrating its commitment to combating heat-related risks.
