About AssetCool
AssetCool is an Energy & Utilities 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. Its focus areas include Energy Tech, Smart Grid, Grid Management and Low Loss Transmission. Its legal entity is CABLE COATINGS LIMITED.
Company details
Provider of photonic cooling solutions for power lines.
- Headquarters Leeds, United Kingdom
- Founders Barry Johnston
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website assetcool.com
- Social LinkedIn YouTube
- Legal Name Cable Coatings Limited
- Date of Incorporation 01 Apr, 2016
- Jurisdiction LEEDS, UNITED KINGDOM
- Total Equity Funding$16.53M (USD)
in 2 rounds
- Latest Funding Round$13.68M (USD), Series A
Jul 2025
- InvestorsNorthern Gritstone
& 5 more
Products & Services of AssetCool
AssetCool offers a comprehensive portfolio of products and services, including Powerline Coating Robots, Power Line Coatings, and CapacityN.
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.
Apps and channels of AssetCool
its YouTube channel AssetCool has 2 subscribers.
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 $16.53M
- Total Rounds 2
- Last Round Series A — $13.68M
- First Round $2.86M
(Aug 2023)
- Investors Count 6
All 2 funding rounds of AssetCool with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2025 | $13.68M | Series A | – | Energy Impact Partners | |
| Aug 2023 | $2.86M | Series A | – | Northern Gritstone |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm focused on investing in science and technology firms | 2020 | northern-gritstone.com | Manchester, United Kingdom | |
Private debt is extended to early-stage companies and SMEs. | npif.co.uk | Sheffield, United Kingdom | ||
Early-stage engineering businesses are supported through investments by Kero. | 2017 | kerogroup.com | Daresbury, United Kingdom | |
Venture capital fund focused on growth-stage startups | energyimpactpartners.com | New York, United States | ||
Extantia is focused on investing in climate technology pioneers. | extantia.com | |||
Taronga Group is engaged in technology and real asset investments. | tarongagroup.com | Sydney, Australia |
Investor details for AssetCool
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of AssetCool
6 people are tracked at AssetCool (4 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Barry Johnston | Co-Founder | Leadership |
Niall Coogan | CEO | Leadership |
Prashant Julka | Commercial Director | Leadership |
Paul Ross | Head Of Software | Leadership |
Sachin Lalge | Product Manager | Team |
Simran Malik | Marketing Executive | Team |
Complete people profiles for AssetCool
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of AssetCool
3 dated milestones of AssetCool across 7 years, from founding to its latest funding, stage changes and deals.
- Founded AssetCool is founded.
- Funding First funding round of $2.9M.
- Funding Latest funding round, Series A, of $13.7M.
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as AssetCool (Smart Grid & Transmission Systems) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 257.69 M | USD 1.25 B | 3,191 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M |
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Related news about Assetcool
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Frequently Asked Questions about AssetCool
AssetCool was founded in 2018 and raised its 1st funding round 5 years after it was founded.
AssetCool is headquartered in Leeds, United Kingdom. It is registered at Leeds, England, United Kingdom.
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 2023.
Provider of photonic cooling solutions for power lines.
AssetCool offers Powerline Coating Robots, Power Line Coatings, and CapacityN.
AssetCool has 6 investors. Key investors include Northern Gritstone, Northern Powerhouse Investment Fund, Kero, Energy Impact Partners, and Extantia.
AssetCool operates through Cable Coatings Limited.