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AssetCool
Increasing the performance of electricity networks while reducing energy losses, cost and emissions
About AssetCool
AssetCool is a pioneering company focused on enhancing the performance of electricity networks through advanced photonic coatings. These coatings are designed to increase the capacity of electricity networks while simultaneously reducing energy losses, costs, and carbon emissions. The company's primary market includes grid operators and utility companies who are looking to improve efficiency and sustainability in their operations. AssetCool's business model revolves around the development and sale of these specialized coatings, which leverage the cooling properties of outer space to maintain lower temperatures in overhead power lines. This results in lower power losses and a reduced carbon footprint for grid operators. The company generates revenue through the upfront sale of its coatings and ongoing operational savings for its clients. AssetCool's technology emerged from research in spectrally selective coatings for solar heating panels and advancements in nanophotonics, enabling the creation of coatings that are both thermally emissive and solar reflective. The potential applications for this technology are extensive and global, offering significant benefits across numerous markets.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Leeds, United Kingdom
- Employees
- 63
- Open positions
- 10
- Dealroom signal
- 90.5/100
- Sub-industry
- Energy Providers
- Sector
- Energy, Smart Grid, Spinout, Sustainable Development Goals, Coating Technology, Climate Tech, Semiconductor Designers and Manufacturers, Photonics Tech, Grid Technology
- Technology
- Hardware, Deep Tech, Nanotech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SUPPORT PROGRAM✓Other financing | May 2026 | $0 | — | Third Derivative | ↗ |
| SERIES A✓Equity / VC | Jul 2025 | $13M | $53M | Mercia Ventures · Energy Impact Partners · Elewit · Extantia Capital | ↗ |
Growth signals
Latest recorded traffic for AssetCool is 2.2K monthly website visits, up 358.3% over the last three months. AssetCool's team grew 31.3% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
UK Research and Innovation
Series A8 investors entered at this stage
Northern Gritstone
Northern Powerhouse Investment Fund
Kero Development Partners
Elewit
Energy Impact Partners
Mercia Ventures
Extantia Capital
Taronga Group
Other known investors3 additional known investors
The University of Manchester
Third Derivative
Royal Academy of Engineering Enterprise Hub
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about AssetCool on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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