Advanced Cooling Therapy
Chicago, US · Founded 2014 · Delaware corporation
Biotech
Founders & leadership
Advanced Cooling Therapy was founded in 2014 by Erik B. Kulstad.
EB
Erik B. KulstadPresident
RM
Rick McCaulleyNamed on SEC filing
Board
MR
Mark RitzBoard director
CT
Cliff TurnerBoard director
DM
Don MorathBoard director
IL
Igal LadabaumBoard director
Reported raises · per SEC filings
Form D private placements$17.9M disclosed across 4 rounds · 2014–2017
▶$9.8MraisedJul 2018 · 91 investors · Other Health CareRule 506(b)
▶$9.8MraisedJul 2018 · 91 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Cliff TurnerDirector
- Keith WarnerExecutive Officer, Director
- Erik B. KulstadExecutive Officer, Director
- Mark RitzDirector
- Igal LadabaumDirector
- Offering amount
- $12M
- Amount sold
- $9.8M
- Minimum investment
- $5K
- First sale
- Oct 2017
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$4MraisedSep 2016 · 50 investors · BiotechnologyRule 506(b)
▶$4MraisedSep 2016 · 50 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- MARK RITZDirector
- CLIFF TURNERDirector
- IGAL LADABAUMDirector
- ERIK KULSTADExecutive Officer, Director
- PATRICK SHANLEYExecutive Officer
- MARK BRANDMEYERDirector
- Offering amount
- $4M
- Amount sold
- $4M
- Minimum investment
- $25K
- First sale
- Aug 2016
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$3MraisedJul 2015 · 33 investors · BiotechnologyRule 506(b)
▶$3MraisedJul 2015 · 33 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- Mark RitzDirector
- Cliff TurnerDirector
- Erik B. KulstadExecutive Officer, Director
- Don MorathDirector
- Igal LadabaumDirector
- Offering amount
- $3M
- Amount sold
- $3M
- Minimum investment
- $10K
- First sale
- Jun 2015
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$1.1MraisedAug 2014 · 15 investors · BiotechnologyRule 506(b)
▶$1.1MraisedAug 2014 · 15 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- Erik B. KulstadExecutive Officer, Director
- Rick McCaulleyDirector
- Igal LadabaumDirector
- Cliff TurnerDirector
- Mark RitzDirector
- Offering amount
- $1.5M
- Amount sold
- $1.1M
- Minimum investment
- $25K
- First sale
- Jul 2014
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 2 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2021 | $3.8M |
| National Science Foundation | Phase I | 2012 | $150K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- Who founded Advanced Cooling Therapy?
- Advanced Cooling Therapy was founded by Erik B. Kulstad in 2014.
- How much funding has Advanced Cooling Therapy raised?
- Advanced Cooling Therapy has disclosed $17.9M raised across 4 rounds.
- Where is Advanced Cooling Therapy headquartered?
- Advanced Cooling Therapy is headquartered in Chicago, US.