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§ Private Profile · Rosny-sous-bois, Ile-de-France, France
Solar refrigeration company developing and selling solar-powered cold storage for off-grid areas and small businesses in Africa.
Koolboks, based in Paris, France, develops and sells solar-powered refrigeration units designed for off-grid areas, providing cold storage solutions primarily to small businesses in Africa. The company has raised approximately $18 million in total funding, including an $11 million round for an assembly plant and $3.5 million in 2022, enabling the deployment of over 10,000 freezers across 28 countries, predominantly in sub-Saharan Africa. Operating with a pay-as-you-go model, Koolboks targets small businesses and healthcare facilities, with 350 employees globally. Key investors include Aruwa Capital Management, Acumen, PG Impact, All On, and GSMA. Koolboks was founded in 2018 by Ayoola Dominic and Deborah Gaël. Its business model centers on pay-as-you-go model for accessibility, with sales through distributors and dealers, also exploring climate finance by monetizing carbon savings.
Koolboks has raised $13.5M across 2 funding rounds.
Koolboks has raised $13.5M in total across 2 funding rounds.
Koolboks has raised $13.5M in total across 2 funding rounds.
Koolboks's investors include All On, Adesuwa Okunbo Rhodes, KawiSafi Ventures, Acumen, Blue Earth Capital, GSMA.
Koolboks has raised $13.5M across 2 funding rounds. Most recently, it raised $11.0M Series A in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 6, 2025 | $11M Series A | ALL ON, Adesuwa Okunbo Rhodes, Kawisafi Ventures | — | Announced |
| Aug 18, 2022 | $2.5M Seed | Adesuwa Okunbo Rhodes | Acumen, ALL ON, Blue Earth Capital, GSMA | Announced |