Rebound Technologies, a Denver, CO-based developer of an energy-efficient alternative to traditional vapor compression cooling systems, closed a $5m Series A financing.
The round was led by Clean Energy Ventures and Skyview Ventures, with participation from Autodesk Foundation, the philanthropic investing arm of multinational software corporation Autodesk.
Founded in 2012 by Kevin Davis, CEO, Rebound is an advanced refrigeration development company innovating the global cooling industry. The company’s IcePoint® cooling system utilizes a new thermodynamic cycle to create dynamic cooling capacity that improves the effectiveness of cooling systems while also reducing energy consumption and overall costs.
The company intends to use the funds to install its first industrial-scale systems with food manufacturers and cold storage logistics companies in North America. Initially installed in combination with existing cooling systems, Rebound’s dynamic cooling capacity will improve moisture control and rapid-freezing capabilities while also lowering energy costs.