About AssetCool
AssetCool is a company based in Leeds (United Kingdom) founded in 2018 by Barry Johnston.. AssetCool has raised $16.53 million across 2 funding rounds from investors including Northern Gritstone, Northern Powerhouse Investment Fund and Kero. AssetCool offers products and services including Powerline Coating Robots, Power Line Coatings, and CapacityN.
- Headquarter Leeds, United Kingdom
- Founders Barry Johnston
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cable Coatings Limited
- Date of Incorporation 01 Apr, 2016
- Jurisdiction LEEDS, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.53 M (USD)
in 2 rounds
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Latest Funding Round
$13.68 M (USD), Series A
Jul 03, 2025
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Investors
Northern Gritstone
& 5 more
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Employee Count
Employee Count
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Products & Services of AssetCool
AssetCool offers a comprehensive portfolio of products and services, including Powerline Coating Robots, Power Line Coatings, and CapacityN. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Robots for applying coatings to enhance power line performance and durability.
Coatings that increase capacity and reduce corrosion on overhead lines.
Reusable robot system for scalable power line modifications and upgrades.
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Funding Insights of AssetCool
AssetCool has successfully raised a total of $16.53M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13.68 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $13.7M
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First Round
First Round
(14 Aug 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series A - AssetCool | Valuation | Energy Impact Partners | |
| Aug, 2023 | Amount | Series A - AssetCool | Valuation | Northern Gritstone |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AssetCool
AssetCool has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Northern Gritstone, Northern Powerhouse Investment Fund and Kero. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm focused on investing in science and technology firms
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Founded Year | Domain | Location | |
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Private debt is extended to early-stage companies and SMEs.
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Founded Year | Domain | Location | |
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Early-stage engineering businesses are supported through investments by Kero.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AssetCool
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AssetCool
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Assetcool Comparisons
Competitors of AssetCool
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about AssetCool
When was AssetCool founded?
AssetCool was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is AssetCool located?
AssetCool is headquartered in Leeds, United Kingdom. It is registered at Leeds, England, United Kingdom.
Is AssetCool a funded company?
AssetCool is a funded company, having raised a total of $16.53M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.86M, raised on Aug 14, 2023.
What does AssetCool do?
Provider of photonic cooling solutions for power lines.
What products or services does AssetCool offer?
AssetCool offers Powerline Coating Robots, Power Line Coatings, and CapacityN.
Who are AssetCool's investors?
AssetCool has 6 investors. Key investors include Northern Gritstone, Northern Powerhouse Investment Fund, Kero, Energy Impact Partners, and Extantia.
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