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Advanced Cooling Therapy

Description

Developer of cooling therapy technologies. The company offers a single use, fully-enclosed triple lumen system that is inserted into the esophagus to modulate and control patient temperature when clinically indicated. Power for cooling or warming is supplied by an external heat exchange unit typically used for water blankets.

2009

Founded

PRIVATE

Status

1-10

Employees

Conv. Debt

Latest Deal Type

$4M

Latest Deal Amount

$9.9M

Total Amount Raised

Description

Developer of cooling therapy technologies. The company offers a single use, fully-enclosed triple lumen system that is inserted into the esophagus to modulate and control patient temperature when clinically indicated. Power for cooling or warming is supplied by an external heat exchange unit typically used for water blankets.

Website:

www.advancedcoolingtherapy.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Therapeutic Devices

Other Industries

Outcome Management (Healthcare)

Primary Office

3440 South Dearborn Street Suite 215 South Chicago, IL 60616United States +1 (888) 534-4873
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Advanced Cooling Therapy Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Advanced Cooling Therapy Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Advanced Cooling Therapy Investors (5)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Accelerate Michigan Innovation CompetitionAccelerator/Incubator000 0000000 0000
Gopher AngelsAngel GroupMinority000 0000000 0000
Heartland AngelsAngel GroupMinority000 0000000 0000
National Science FoundationGovernment000 0000000 0000
Perkins CoieCorporationMinority000 0000000 0000
Accelerate Michigan Innovation Competition Accelerator/Incubator
Gopher Angels Angel Group
Heartland Angels Angel Group
National Science Foundation Government
Perkins Coie Corporation

Advanced Cooling Therapy Executive Team (5)

NameTitleBoard
Seat
Contact
Info
Erik Kulstad MDChief Technology Officer, President, Board Member & Co-Founder
Patrick ShanleyDirector of Quality Management
Rick McCaulley JDCo-Founder
Donald MorathVice President, Business Development
Robin DrasslerVice President of Sales, North America
Erik Kulstad MD Chief Technology Officer, President, Board Member & Co-Founder
Patrick Shanley Director of Quality Management
Rick McCaulley JD Co-Founder
Donald Morath Vice President, Business Development
Robin Drassler Vice President of Sales, North America

Advanced Cooling Therapy Board Members (4)

NameRepresentingRoleSinceContact
Info
Cliff TurnerSelfBoard Member000 0000
Erik Kulstad MDAdvanced Cooling TherapyChief Technology Officer, President, Board Member & Co-Founder000 0000
Igal LadabaumSelfAngel (individual)000 0000
Mark BrandmeyerSelfBoard Member000 0000
Cliff Turner Board Member Self
Erik Kulstad MD Chief Technology Officer, President, Board Member & Co-Founder Advanced Cooling Therapy
Igal Ladabaum Angel (individual) Self
Mark Brandmeyer Board Member Self
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