Johnson Controls invests in Accelsius cooling technology firm

Johnson Controls (NYSE: JCI) made a strategic investment in Accelsius, a provider of two-phase, direct-to-chip liquid cooling systems, according to a statement from Innventure Inc. (NASDAQ: INV).

Innventure announced that Johnson Controls disclosed the transaction in a separate press release. Accelsius develops cooling systems for data centers and high-performance computing applications.

Separately, Innventure completed a private placement of common stock and warrants that raised $9.75 million in gross proceeds. The funding round was anchored by CastleKnight.

The company stated this capital raise, combined with previously announced convertible debentures from Yorkville totaling up to $15 million in aggregate principal amount, will provide working capital for ongoing business operations.

Innventure operates as an owner-operator that commercializes technologies acquired or licensed from multinational corporations. The company focuses on transformative and sustainable technology solutions, taking them from early evaluation through scaled commercialization.

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