The heat economy · Funding and support
Who funds protection from heat,
and who helps new ventures grow.
77 funders and investors, 50 pieces of funding we could trace, and 24 accelerators, prizes and challenges.
About this section. We gathered this from public websites and reports in October 2026. Being listed does not mean we recommend, partner with or rank anyone, and none of it is financial advice. Companies describe their own products; we have not tested them, so please check details with them directly. If something is missing or out of date, tell us.
Funding we traced
- Announced is not the same as paid. Money often arrives in stages, or later.
- A company’s funding may pay for more than its heat work.
- Shares, loans, grants and guarantees are different things, so we never add them together.
| Kind of money | Announced | Confirmed | Paid out |
|---|---|---|---|
| Funding for companies and projects | US$156.8 million | US$50.4 million | none found |
| Funding for companies and projects (‘up to’ amounts) | US$1.1 million | none found | none found |
| Credit lines | none found | US$500,000 | none found |
| Loan guarantees | US$16.5 million | none found | none found |
| Mixed funding rounds | US$30.0 million | US$25.0 million | none found |
| Public programmes approved | US$164.5 million | none found | none found |
| Public money transferred | none found | none found | US$55.3 million |
| Public programme budgets | US$7.2 million | none found | none found |
| Other funding | US$1.0 million | US$3.0 million | none found |
| Kind of protection | Announced | Confirmed |
|---|---|---|
| Cold storage for food and medicine | US$17.8 million | US$5.4 million |
| Power for cooling | US$67.0 million | none found |
| Shared cooling networks | none found | US$25.0 million |
| Efficient air conditioning | none found | US$20.0 million |
| Heat warnings and data | US$72.0 million | none found |
Most of the funding we could trace went to cooling equipment, cold storage, shared cooling networks and heat data, where there is a clear buyer for a product or a contract. Services such as paid rest, shared cool rooms and warnings for everyone are usually paid for from public budgets, which this list does not cover. It is a sample of public announcements, not the whole picture.
Funders and investors 77
2150Has funded: Blue Frontier (2022)
Heat-related funding we found
- Blue Frontier, 2022: US$20.0 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Efficient air conditioning
Website
Check the funder’s own website for what it funds now and how to apply.
A/OHas funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
Accurant International / Net Zero AllianceHas funded: 75F (2025)
Heat-related funding we found
- 75F, 2025: US$45.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
ActisHas funded: Barghest Building Performance (bbp) (2025)
Heat-related funding we found
- Barghest Building Performance (bbp), 2025 (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Website
Check the funder’s own website for what it funds now and how to apply.
Acumen Resilient Agriculture FundHas funded: IBISA (2024)
Heat-related funding we found
- IBISA, 2024: US$3.0 million (Confirmed)
Kinds of protection
Heat insurance
Check the funder’s own website for what it funds now and how to apply.
Ankur CapitalHas funded: IBISA (2024)
Heat-related funding we found
- IBISA, 2024: US$3.0 million (Confirmed)
Kinds of protection
Heat insurance
Check the funder’s own website for what it funds now and how to apply.
APAC Sustainable Infrastructure Fund (A-SIF)Has funded: Kaer (2025)
Heat-related funding we found
- Kaer, 2025 (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Shared cooling networks
Check the funder’s own website for what it funds now and how to apply.
Aruwa Capital ManagementHas funded: Koolboks (2022)
Heat-related funding we found
- Koolboks, 2022 (Announced)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
Asian Development Bank - ADB Ventures and challenge routesHas funded: Smart Joules (2021), IBISA (2024)
Heat-related funding we found
- Smart Joules, 2021: US$4.1 million (Announced)
- IBISA, 2024: US$3.0 million (Confirmed)
- Disaster finance loans, grants and technical assistance; no blanket heat drawdown entitlement · See it on the site
Usually provides
Shares (equity), Grant
Kinds of protection
Power for cooling, Heat insurance
Check the funder’s own website for what it funds now and how to apply.
Asian Infrastructure Investment Bank
Heat-related funding we found
- Climate-focused policy-based finance supports reforms; distinct from automatic heat payout cover · See it on the site
Check the funder’s own website for what it funds now and how to apply.
Axis BankHas funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Check the funder’s own website for what it funds now and how to apply.
Blue Wire CapitalHas funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
Breakthrough Energy VenturesHas funded: Blue Frontier (2022), 75F (2025)
Heat-related funding we found
- Blue Frontier, 2022: US$20.0 million (Confirmed)
- 75F, 2025: US$45.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Efficient air conditioning, Power for cooling
Check the funder’s own website for what it funds now and how to apply.
CarrierHas funded: 75F (2025), 75F (2026)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Website
Check the funder’s own website for what it funds now and how to apply.
CaspianHas funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Check the funder’s own website for what it funds now and how to apply.
Catalyst FundHas funded: Keep IT Cool (2024)
Heat-related funding we found
- Keep IT Cool, 2024 (Announced)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
CEI AfricaHas funded: InspiraFarms Cooling (2024)
Heat-related funding we found
- InspiraFarms Cooling, 2024: US$1.1 million (Announced)
Usually provides
Convertible loan
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
CERF
Heat-related funding we found
- Finances UN anticipatory frameworks; cited operational design is flood, not heat · See it on the site
Website
Check the funder’s own website for what it funds now and how to apply.
CLASPHas funded: SelfChill collaboration (2023), New Leaf Dynamic Technologies (2023)
Heat-related funding we found
- SelfChill collaboration, 2023: US$75,000 (Announced)
- New Leaf Dynamic Technologies, 2023: US$25,000 (Announced)
Check the funder’s own website for what it funds now and how to apply.
Clearvision VenturesHas funded: Jupiter Intelligence (2021)
Heat-related funding we found
- Jupiter Intelligence, 2021: US$54.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Heat warnings and data
Check the funder’s own website for what it funds now and how to apply.
Climate InvestmentHas funded: 75F (2025)
Heat-related funding we found
- 75F, 2025: US$45.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
ClimateWorks Foundation / Clean Cooling CollaborativeHas funded: Clean Cooling Collaborative grantees ()
Heat-related funding we found
- Clean Cooling Collaborative grantees, (Not clear)
Usually provides
Grant
Check the funder’s own website for what it funds now and how to apply.
CommerzVenturesHas funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Heat warnings and data
Check the funder’s own website for what it funds now and how to apply.
Dare VenturesHas funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
Efficiency for Access Research and Development FundHas funded: Promethean Power Systems ()
Heat-related funding we found
- Promethean Power Systems, (Not clear)
Usually provides
Grant
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
EquatorHas funded: IBISA (2024)
Heat-related funding we found
- IBISA, 2024: US$3.0 million (Confirmed)
Kinds of protection
Heat insurance
Website
Check the funder’s own website for what it funds now and how to apply.
Export-Import Bank of IndiaHas funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
FMOHas funded: Commercial Cold Holdings (2023)
Heat-related funding we found
- Commercial Cold Holdings, 2023: US$15.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Website
Check the funder’s own website for what it funds now and how to apply.
Global Environment FacilityHas funded: Cooler buildings project (Global Environment Facility) (2022), Nature for Cooling Challenge (2026)
Heat-related funding we found
- Cooler buildings project (Global Environment Facility), 2022: US$4.5 million (Announced)
- Nature for Cooling Challenge, 2026: US$3.0 million (Announced)
Usually provides
Grant
Kinds of protection
Cooler building design, Shade and greenery
Check the funder’s own website for what it funds now and how to apply.
Global Innovation FundHas funded: Keep IT Cool (2025), Komunidad (2024), Blackfrog Technologies (2025)
Heat-related funding we found
- Keep IT Cool, 2025: US$500,000 (Announced)
- Komunidad, 2024: US$500,000 (Confirmed)
- Blackfrog Technologies, 2025: US$1.0 million (Announced)
Usually provides
Grant, Shares (equity), Loan, Convertible loan
Kinds of protection
Cold storage for food and medicine, Heat warnings and data
Check the funder’s own website for what it funds now and how to apply.
Government of India, Mission Innovation and RMI-led coalitionHas funded: Gree/Tsinghua team (2021), Daikin/Nikken Sekkei team (2021)
Heat-related funding we found
- Gree/Tsinghua team, 2021: US$500,000 (Announced)
- Daikin/Nikken Sekkei team, 2021: US$500,000 (Announced)
Check the funder’s own website for what it funds now and how to apply.
Green Climate FundHas funded: Cooling Facility (Green Climate Fund programme) (2021), Cooling Facility (Green Climate Fund programme) (2021), Cooling Facility (Green Climate Fund programme) (2021), Cooling Facility (Green Climate Fund programme) (2024), Cooling Facility (Green Climate Fund programme) (2025), PEEB Cool: cooler public buildings programme (2024), PEEB Cool: cooler public buildings programme (2025), PEEB Cool: cooler public buildings programme (2026)
Heat-related funding we found
- Cooling Facility (Green Climate Fund programme), 2021: US$32.0 million (Announced)
- Cooling Facility (Green Climate Fund programme), 2021: US$29.0 million (Announced)
- Cooling Facility (Green Climate Fund programme), 2021: US$96.0 million (Announced)
- Cooling Facility (Green Climate Fund programme), 2024: US$1.0 million (Paid out)
- Cooling Facility (Green Climate Fund programme), 2025: US$4.3 million (Paid out)
- PEEB Cool: cooler public buildings programme, 2024: US$16.8 million (Paid out)
- PEEB Cool: cooler public buildings programme, 2025: US$25.0 million (Paid out)
- PEEB Cool: cooler public buildings programme, 2026: US$8.2 million (Paid out)
Usually provides
Grant, Loan
Check the funder’s own website for what it funds now and how to apply.
GVHas funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Heat warnings and data
Website
Check the funder’s own website for what it funds now and how to apply.
HDFC BankHas funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Check the funder’s own website for what it funds now and how to apply.
Hivos-Triodos Fonds (Triodos Investment Management)Has funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
Howden Foundation
Heat-related funding we found
- Funded the additional cash layer in the India programme · See it on the site
Check the funder’s own website for what it funds now and how to apply.
Humanity Insured
Heat-related funding we found
- Supports MHT and HERA heat programmes; project-specific subsidy schedules unpublished here · See it on the site
Check the funder’s own website for what it funds now and how to apply.
IFRC-DREF
Heat-related funding we found
- Funds pre-approved EAP readiness and forecast activations · See it on the site
Check the funder’s own website for what it funds now and how to apply.
Impact Fund Denmark (formerly IFU)Has funded: Smart Joules (2023)
Heat-related funding we found
- Smart Joules, 2023: US$7.9 million (Announced)
Usually provides
Loan
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
InCred Credit FundHas funded: Ecozen - Ecofrost (2024)
Heat-related funding we found
- Ecozen - Ecofrost, 2024: US$30.0 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
International Finance CorporationHas funded: Tabreed Asia Central Cooling (2021)
Heat-related funding we found
- Tabreed Asia Central Cooling, 2021: US$25.0 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Shared cooling networks
Check the funder’s own website for what it funds now and how to apply.
Max I LimitedHas funded: Smart Joules (2021)
Heat-related funding we found
- Smart Joules, 2021: US$4.1 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
Mela VenturesHas funded: TESSOL (Thermal Energy Service Solutions) (2022)
Heat-related funding we found
- TESSOL (Thermal Energy Service Solutions), 2022: US$960,656 (Announced)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
Modern NiagaraHas funded: Blue Frontier (2022)
Heat-related funding we found
- Blue Frontier, 2022: US$20.0 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Efficient air conditioning
Check the funder’s own website for what it funds now and how to apply.
MPower PartnersHas funded: Jupiter Intelligence (2021)
Heat-related funding we found
- Jupiter Intelligence, 2021: US$54.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Heat warnings and data
Check the funder’s own website for what it funds now and how to apply.
N47 (named Next47 in 2025 release)Has funded: 75F (2025)
Heat-related funding we found
- 75F, 2025: US$45.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
NABVENTURESHas funded: Tan90 Thermal Solutions (2025)
Heat-related funding we found
- Tan90 Thermal Solutions, 2025 (Announced)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
Northern ArcHas funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Check the funder’s own website for what it funds now and how to apply.
NuveenHas funded: Ecozen - Ecofrost (2023), Ecozen - Ecofrost (2024)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
- Ecozen - Ecofrost, 2024: US$30.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Website
Check the funder’s own website for what it funds now and how to apply.
OxyzoHas funded: Ecozen - Ecofrost (2023)
Heat-related funding we found
- Ecozen - Ecofrost, 2023: US$25.0 million (Confirmed)
Check the funder’s own website for what it funds now and how to apply.
Pale blue dotHas funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Heat warnings and data
Check the funder’s own website for what it funds now and how to apply.
Philanthropy Asia Alliance
Heat-related funding we found
- Support for the Southeast Asia Heat Health Hub’s next stage (2026) · Philanthropy Asia Alliance, via Eco-Business (opens in a new tab) · See it on the site
Check the funder’s own website for what it funds now and how to apply.
PIDG / InfraCo (formerly InfraCo Africa)Has funded: Enterprise Project Ventures (2023)
Heat-related funding we found
- Enterprise Project Ventures, 2023: US$5.4 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
Prime Coalition / Prime Impact Fund routeHas funded: Gradient ()
Heat-related funding we found
- Gradient, (Not clear)
Kinds of protection
Efficient air conditioning
Check the funder’s own website for what it funds now and how to apply.
PT1Has funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
Raintree Family OfficeHas funded: Smart Joules ()
Heat-related funding we found
- Smart Joules, (Not clear)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
Sangam VenturesHas funded: Smart Joules (2021)
Heat-related funding we found
- Smart Joules, 2021: US$4.1 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
SEACEF II, managed by Clime CapitalHas funded: Ampotech (2025)
Heat-related funding we found
- Ampotech, 2025 (Announced)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
Shell FoundationHas funded: Keep IT Cool (2020)
Heat-related funding we found
- Keep IT Cool, 2020 (Not clear)
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
Spectrum ImpactHas funded: Smart Joules (2025)
Heat-related funding we found
- Smart Joules, 2025: US$10.0 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
Start Network / Start Ready
Heat-related funding we found
- Pools pre-arranged NGO funds, including heat · See it on the site
Check the funder’s own website for what it funds now and how to apply.
SVL SME Fund (Neev II), managed by SBI VenturesHas funded: Smart Joules (2025)
Heat-related funding we found
- Smart Joules, 2025: US$10.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
Swiss Agency for Development and CooperationHas funded: BeCool India (Swiss development project) (2023)
Heat-related funding we found
- BeCool India (Swiss development project), 2023: US$7.2 million (Announced)
Usually provides
Project funding
Kinds of protection
Cooler building design
Check the funder’s own website for what it funds now and how to apply.
Swiss Re - public-sector heat risk-transfer routeHas funded: SEWA heat income cover (2024)
Heat-related funding we found
- SEWA heat income cover, 2024 (Not clear)
Usually provides
Insurance capital
Kinds of protection
Heat insurance
Check the funder’s own website for what it funds now and how to apply.
Temasek FoundationHas funded: Krosslinker (2025)
Heat-related funding we found
- Krosslinker, 2025: US$774,369 (Announced)
Check the funder’s own website for what it funds now and how to apply.
Ten Across at Arizona State UniversityHas funded: Northern Arizona University student team (2024)
Heat-related funding we found
- Northern Arizona University student team, 2024: US$100,000 (Announced)
Check the funder’s own website for what it funds now and how to apply.
The Earthshot PrizeHas funded: Keep IT Cool (2024)
Heat-related funding we found
- Keep IT Cool, 2024: US$1.3 million (Announced)
Usually provides
Prize
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
The Rockefeller Foundation
Heat-related funding we found
- A South Asia climate–health desk and a heat research consortium (2026) · World Meteorological Organization (opens in a new tab) · See it on the site
- Announced support for the India heat pilot · See it on the site
Check the funder’s own website for what it funds now and how to apply.
Unconventional VenturesHas funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
US International Development Finance CorporationHas funded: Ecozen - Ecofrost (2024), Ecozen - Ecofrost (2024)
Heat-related funding we found
- Ecozen - Ecofrost, 2024: US$16.5 million (Announced)
- Ecozen - Ecofrost, 2024: US$30.0 million (Announced)
Usually provides
Guarantee
Kinds of protection
Cold storage for food and medicine
Check the funder’s own website for what it funds now and how to apply.
VoLo Earth VenturesHas funded: Blue Frontier (2022)
Heat-related funding we found
- Blue Frontier, 2022: US$20.0 million (Confirmed)
Usually provides
Shares (equity)
Kinds of protection
Efficient air conditioning
Check the funder’s own website for what it funds now and how to apply.
Waaree Renewable TechnologiesHas funded: Smart Joules (2025)
Heat-related funding we found
- Smart Joules, 2025: US$10.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
Wellcome
Heat-related funding we found
- A South Asia climate–health desk and a heat research consortium (2026) · World Meteorological Organization (opens in a new tab) · See it on the site
Check the funder’s own website for what it funds now and how to apply.
Western Technology InvestmentHas funded: Climate X (2024)
Heat-related funding we found
- Climate X, 2024: US$18.0 million (Announced)
Check the funder’s own website for what it funds now and how to apply.
WIND VenturesHas funded: 75F (2025)
Heat-related funding we found
- 75F, 2025: US$45.0 million (Announced)
Usually provides
Shares (equity)
Kinds of protection
Power for cooling
Check the funder’s own website for what it funds now and how to apply.
World Bank
Heat-related funding we found
- DRFI advisory and financing architecture; heat eligibility requires transaction documents · See it on the site
Check the funder’s own website for what it funds now and how to apply.
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Accelerators, prizes and challenges 24
Each helps at a different stage: finding new ideas, testing them, a place to try them, meeting buyers, or money to grow. Look for the ones that help you meet buyers: winning a prize does not by itself bring customers.
Global Cooling PrizeResidential AC prototypes with energy, refrigerant and cost criteria.
Run by
Government of India, Mission Innovation and RMI-led coalition
What it offers
- Prototype-development awards
- Laboratory and field tests
- Final prize and visibility
Heat-related ventures it has supported
Programme page
Check the programme’s own page for current rules and deadlines.
The Liveability Challenge - Cool Earth and cooling participantsDeep-tech solutions for tropical urban challenges, including heat protection.
Run by
Temasek Foundation; organised by Eco-Business
What it offers
- Catalytic grants and strategic-partner support
- Finalist incubation and exposure
- 2027 applications open; eligibility and terms are round-specific
Heat-related ventures it has supported
Check the programme’s own page for current rules and deadlines.
Global LEAP Awards Off-Grid Cold Chain ChallengeComparable cold-chain performance information and product awards.
Run by
CLASP through Efficiency for Access; supported by programme donors
What it offers
- Field testing
- Published buyer guide
- Selected cash prizes; awards are not purchasing orders
Heat-related ventures it has supported
Check the programme’s own page for current rules and deadlines.
Keep Cool Innovation ChallengeCooling and thermal comfort for vulnerable populations, institutions and livelihoods.
Run by
WRI India with Social Alpha, ACT, Upaya and CARBSE–CEPT
What it offers
- Testing and validation support
- Implementation networks and investor/industry introductions
- Two maturity tracks; exact participant cash awards not disclosed in reviewed source
Heat-related ventures it has supported
Programme page
Check the programme’s own page for current rules and deadlines.
Greenovation Urban Climate Resilience ChallengeHeat, urban systems and climate-safe livelihoods.
Run by
EarthON Foundation and Greenovation Hub
What it offers
- Milestone-based non-dilutive award offer
- Bootcamp and incubation pathway
- Potential equity/debt investment, subject to selection and terms
Check the programme’s own page for current rules and deadlines.
UNICEF Venture Fund - Climate and Health 2026 callOpen-source frontier technology addressing children’s climate and health risks, explicitly including extreme heat.
Run by
UNICEF Office of Innovation / Venture Fund
What it offers
- Equity-free early-stage funding offer
- Climate-health innovation support
- Prototype and open-source requirements
Check the programme’s own page for current rules and deadlines.
Techtonic: Innovations in Clean Energy 2026Energy access/storage/efficiency, explicitly including cooling.
Run by
Social Alpha with listed programme partners
What it offers
- Credit-based R&D incubation support
- Partner sandbox and pilot opportunities
- Conditional scale-up funding and investor access
Check the programme’s own page for current rules and deadlines.
Social Alpha Energy Challenge 2.0 - historical Tan90 pathwayAffordable decentralised cold-chain innovation, documented through a challenge alumnus.
Run by
Social Alpha
What it offers
- Historical challenge recognition
- Investment and due-diligence/incubation support described by Social Alpha
Heat-related ventures it has supported
Check the programme’s own page for current rules and deadlines.
Powering LivelihoodsRenewable-energy livelihood enterprises.
Run by
Villgro and Council on Energy, Environment and Water (CEEW)
What it offers
- Gender-aware incubation
- Market/distributor and rural-livelihoods linkages
- Seed support and end-user finance facilitation
Heat-related ventures it has supported
Programme page
Check the programme’s own page for current rules and deadlines.
Efficiency for Access Research and Development FundR&D and field learning for affordable efficient appliances and cold chains.
Run by
Energy Saving Trust; supported by UKaid/TEA and IKEA Foundation
What it offers
- Call-based research grants
- Technical support and dissemination
- Registration for future calls
Heat-related ventures it has supported
Check the programme’s own page for current rules and deadlines.
Rising Above the Heat: Innovative Cooling Solutions for Rural Women in AsiaCooling storage for rural women’s agricultural livelihoods.
Run by
Asian Development Bank Technology Innovation Challenge
What it offers
- Competitive pilot-grant offer
- Technical guidance
- Local partnerships and impact testing
Heat-related ventures it has supported
Programme page
Rising Above the Heat: Innovative Cooling Solutions for Rural Women in Asia (opens in a new tab)
Check the programme’s own page for current rules and deadlines.
Bridging the Cold Chain GapMobile cold-chain access for last-mile fruit and vegetable vendors.
Run by
Asian Development Bank
What it offers
- Per-pilot grant offer with co-financing
- Testing and local stakeholder connections
- 2027 pilot implementation planned
Programme page
Check the programme’s own page for current rules and deadlines.
Climate PitchEarly-stage climate grants, with actual cooling and passive-building recipients.
Run by
Climate Collective Foundation (India); 2026 supported by Cummins India Foundation
What it offers
- Working-capital/product/pilot grant support
- Pitch readiness and mentoring
- Exposure to investors and potential partners
Heat-related ventures it has supported
Programme page
Check the programme’s own page for current rules and deadlines.
GSMA Innovation Fund - relevant digital-urban and humanitarian windowsDigital services enabling resilient refrigeration and medical cold chains.
Run by
GSMA Mobile for Development, with window-specific donors
What it offers
- Equity-free grants
- Technical assistance
- Mobile-operator, investor and technical partner networks
Heat-related ventures it has supported
Programme page
GSMA Innovation Fund - relevant digital-urban and humanitarian windows (opens in a new tab)
Check the programme’s own page for current rules and deadlines.
Global Innovation Fund - climate resilience and Thrive support routesPatient innovation finance and evidence-building for climate-resilient services.
Run by
Global Innovation Fund; Thrive with PATH
What it offers
- Grants, equity and debt according to stage/innovation
- Technical/advisory support
- Climate-health and resilience windows
Heat-related ventures it has supported
Programme page
Global Innovation Fund - climate resilience and Thrive support routes (opens in a new tab)
Check the programme’s own page for current rules and deadlines.
Climate Venture Lab / Climate LabCo-designed pilots testing climate-risk tools and community action.
Run by
Prosper Global Ventures (formerly Mercy Corps Ventures)
What it offers
- Pilot co-design and evidence-building
- Partner and learning networks
- Non-dilutive calls; current page says none open
Heat-related ventures it has supported
Programme page
Check the programme’s own page for current rules and deadlines.
TechEmerge Sustainable Cooling Innovation ProgrammeMatch cooling innovators with local adopters for field tests and market entry.
Run by
IFC with regional adopter and technical partners
What it offers
- Pilot grant support
- Buyer/adopter matchmaking
- Independent advisers and local training
- Cooling innovation/testing infrastructure
Heat-related ventures it has supported
Check the programme’s own page for current rules and deadlines.
Third Derivative - cooling innovators and PDRC pilot pathwayClimate-tech acceleration including real cooling companies and local testing pathways.
Run by
RMI / Third Derivative
What it offers
- Tailored acceleration
- Corporate/investor/expert networks
- Radiative-cooling pilot opportunities and performance evidence
Heat-related ventures it has supported
- Octolife (opens in a new tab) (2025)
- EnKoat (opens in a new tab) (2025)
Check the programme’s own page for current rules and deadlines.
The Earthshot PrizeEnvironmental innovation prize with an actual food-cooling winner.
Run by
The Earthshot Prize with nomination and support network
What it offers
- Prize award
- Visibility and support network
- Nomination route; current round rules would be worth checking
Heat-related ventures it has supported
Programme page
Check the programme’s own page for current rules and deadlines.
Facility for Low Carbon Technology Deployment - Innovation ChallengeTechnology validation and market development, including cold-chain solutions.
Run by
UNIDO and Bureau of Energy Efficiency; GEF support
What it offers
- Pilot validation assistance
- Business/customer-segment mentoring
- Support to build an investment case
Heat-related ventures it has supported
Programme page
Facility for Low Carbon Technology Deployment - Innovation Challenge (opens in a new tab)
Check the programme’s own page for current rules and deadlines.
Nature for Cooling ChallengeNature-based urban cooling project preparation, monitoring and finance.
Run by
UNEP Cool Coalition and SEforALL; GEF support
What it offers
- Grants and technical assistance to selected city/developer interventions
- Pre-feasibility, landscape design and monitoring
- Policy and financing dialogues
Programme page
Check the programme’s own page for current rules and deadlines.
SOIC sixth edition - Sentosa outdoor cooling challengeNovel outdoor heat mitigation in a hot-humid public-space/tourism setting.
Run by
Sentosa Development Corporation as challenge owner within Sustainability Open Innovation Challenge
What it offers
- Pilot sites/data and project facilitation
- Regulatory navigation and site-rental waiver during pilot
- Cash support evaluated case by case
Check the programme’s own page for current rules and deadlines.
10X PRIZE Clean Cooling Student CompetitionStudent cooling designs linked to a community implementation partner.
Run by
Ten Across at Arizona State University; supported by Clean Cooling Collaborative
What it offers
- Student design prize
- Separate community implementation award
- Pilot installation and monitoring
Heat-related ventures it has supported
Check the programme’s own page for current rules and deadlines.
TomKat Center Innovation Transfer ProgramResearch translation and venture formation, with a checked cooling spinout.
Run by
Stanford University TomKat Center
What it offers
- Research-to-venture translation
- Programme support and grant administration
- Eligibility tied to programme/university rules
Heat-related ventures it has supported
Check the programme’s own page for current rules and deadlines.
Every piece of funding we traced 50
Newest first. Amounts are converted to US dollars; the original currency is shown where different. “Not published” means the amount was not made public.
| Date | Who received it | From | Amount | Type | Status | Kind of protection | Where | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-08-05 | PEEB Cool: cooler public buildings programme | Green Climate Fund | US$8.2 million | Not stated | Paid out | Several kinds of cooling | Albania, Argentina, Costa Rica, Djibouti, Indonesia, North Macedonia, Mexico, Morocco, Nigeria, Sri Lanka, Tunisia | Source (opens in a new tab) |
| 2026-07-23 | 75F | Carrier | not published | Shares (equity) | Confirmed | Power for cooling | United States | Source (opens in a new tab) |
| 2026-02-10 | Nature for Cooling Challenge | Global Environment Facility | US$3.0 million | Grant | Announced | Shade and greenery | Source (opens in a new tab) | |
| 2025-12-10 | Smart Joules | SVL SME Fund (Neev II); Waaree Renewable Technologies; Spectrum Impact | US$10.0 million | Shares (equity) | Announced | Power for cooling | India | Source (opens in a new tab) |
| 2025-10-05 | Cooling Facility (Green Climate Fund programme) | Green Climate Fund | US$4.3 million | Not stated | Paid out | Several kinds of cooling | Bangladesh, El Salvador, Kenya, Malawi, North Macedonia, Panama, São Tomé and Príncipe, Somalia, Sri Lanka | Source (opens in a new tab) |
| 2025-07-24 | Barghest Building Performance (bbp) | Actis | not published | Shares (equity) | Confirmed | Power for cooling | Singapore | Source (opens in a new tab) |
| 2025-07-09 | Keep IT Cool | Global Innovation Fund | US$500,000 | Convertible loan | Announced | Cold storage for food and medicine | Kenya, Uganda | Source (opens in a new tab) |
| 2025-07-01 | Blackfrog Technologies | Global Innovation Fund | US$1.0 million | Not stated | Announced | Cold storage for food and medicine | India, Kenya, Nigeria | Source (opens in a new tab) |
| 2025-05-07 | Krosslinker | Temasek Foundation; organised by Eco-Business | US$774,369 1,000,000 SGD |
Grant | Announced | Cooler building design | Singapore | Source (opens in a new tab) |
| 2025-04-15 | Kaer | APAC Sustainable Infrastructure Fund (A-SIF) | not published | Shares (equity) | Confirmed | Shared cooling networks | Singapore, Malaysia, India, Indonesia | Source (opens in a new tab) |
| 2025-03-06 | PEEB Cool: cooler public buildings programme | Green Climate Fund | US$25.0 million | Not stated | Paid out | Several kinds of cooling | Albania, Argentina, Costa Rica, Djibouti, Indonesia, North Macedonia, Mexico, Morocco, Nigeria, Sri Lanka, Tunisia | Source (opens in a new tab) |
| 2025-02-06 | 75F | Accurant International / Net Zero Alliance; Carrier; Climate Investment; Breakthrough Energy Ventures; N47; WIND Ventures | US$45.0 million | Shares (equity) | Announced | Power for cooling | United States | Source (opens in a new tab) |
| 2025-02-04 | Ampotech | SEACEF II (Clime Capital) | not published | Not stated | Announced | Power for cooling | Singapore, Vietnam | Source (opens in a new tab) |
| 2025 | Tan90 Thermal Solutions | NABVENTURES | not published | Shares (equity) | Announced | Cold storage for food and medicine | India | Source (opens in a new tab) |
| 2024-11-06 | Keep IT Cool | The Earthshot Prize | US$1.3 million 1,000,000 GBP |
Prize | Announced | Cold storage for food and medicine | Kenya | Source (opens in a new tab) |
| 2024-06-26 | Climate X | GV; Pale blue dot; CommerzVentures; A/O; Blue Wire Capital; PT1; Unconventional Ventures; Western Technology Investment | US$18.0 million | Shares (equity) | Announced | Heat warnings and data | United Kingdom | Source (opens in a new tab) |
| 2024-06-25 | IBISA | Acumen Resilient Agriculture Fund; Equator; ADB Ventures; Ankur Capital | US$3.0 million | Not stated | Confirmed | Heat insurance | Source (opens in a new tab) | |
| 2024-04-19 | Ecozen - Ecofrost | Nuveen; InCred Credit Fund; DFC | US$30.0 million | Not stated | Announced | Cold storage for food and medicine | India | Source (opens in a new tab) |
| 2024-03-19 | Northern Arizona University student team | Ten Across at Arizona State University; supported by Clean Cooling Collaborative | US$100,000 | Prize | Announced | Cooler building design | United States | Source (opens in a new tab) |
| 2024-03-07 | PEEB Cool: cooler public buildings programme | Green Climate Fund | US$16.8 million | Not stated | Paid out | Several kinds of cooling | Albania, Argentina, Costa Rica, Djibouti, Indonesia, North Macedonia, Mexico, Morocco, Nigeria, Sri Lanka, Tunisia | Source (opens in a new tab) |
| 2024-01-23 | InspiraFarms Cooling | CEI Africa | US$1.1 million 1,000,000 EUR |
Convertible loan | Announced | Cold storage for food and medicine | Source (opens in a new tab) | |
| 2024-01-23 | Keep IT Cool | Catalyst Fund | not published | Not stated | Announced | Cold storage for food and medicine | Kenya | Source (opens in a new tab) |
| 2024-01-19 | Cooling Facility (Green Climate Fund programme) | Green Climate Fund | US$1.0 million | Not stated | Paid out | Several kinds of cooling | Bangladesh, El Salvador, Kenya, Malawi, North Macedonia, Panama, São Tomé and Príncipe, Somalia, Sri Lanka | Source (opens in a new tab) |
| 2024 | Ecozen - Ecofrost | DFC | US$16.5 million | Guarantee | Announced | Cold storage for food and medicine | India | Source (opens in a new tab) |
| 2024 | Komunidad | Global Innovation Fund | US$500,000 | Loan | Confirmed | Heat warnings and data | Philippines | Source (opens in a new tab) |
| 2024 | SEWA heat income cover | Swiss Re | not published | Insurance capital | Not clear | Heat insurance | India | Source (opens in a new tab) |
| 2023-12-10 | Enterprise Project Ventures | PIDG / InfraCo | US$5.4 million 5,000,000 EUR |
Shares (equity) | Confirmed | Cold storage for food and medicine | Kenya, Ghana, Zambia, Zimbabwe | Source (opens in a new tab) |
| 2023-12-01 | BeCool India (Swiss development project) | Swiss Agency for Development and Cooperation | US$7.2 million 6,300,000 CHF |
Not stated | Announced | Cooler building design | India | Source (opens in a new tab) |
| 2023-06-27 | Commercial Cold Holdings | FMO | US$15.0 million 277,500,000 ZAR |
Shares (equity) | Announced | Cold storage for food and medicine | South Africa, Namibia | Source (opens in a new tab) |
| 2023-03-01 | SelfChill collaboration | CLASP through Efficiency for Access; supported by programme donors | US$75,000 | Prize | Announced | Cold storage for food and medicine | Source (opens in a new tab) | |
| 2023-03-01 | New Leaf Dynamic Technologies | CLASP through Efficiency for Access; supported by programme donors | US$25,000 | Prize | Announced | Cold storage for food and medicine | Source (opens in a new tab) | |
| 2023-01-24 | Ecozen - Ecofrost | Nuveen; Dare Ventures; India EXIM Bank; Caspian; Hivos-Triodos Fonds; Maanaveeya; Oxyzo; Northern Arc; HDFC Bank; Axis Bank | US$25.0 million | Not stated | Confirmed | Cold storage for food and medicine | India | Source (opens in a new tab) |
| 2023 | Smart Joules | Impact Fund Denmark (formerly IFU) | US$7.9 million 53,200,000 DKK |
Loan | Announced | Power for cooling | India | Source (opens in a new tab) |
| 2022-08-23 | Cooler buildings project (Global Environment Facility) | Global Environment Facility | US$4.5 million | Grant | Announced | Cooler building design | India | Source (opens in a new tab) |
| 2022-08-01 | Blue Frontier | Breakthrough Energy Ventures; 2150 Urban Tech Sustainability Fund; VoLo Earth Ventures; Modern Niagara | US$20.0 million | Shares (equity) | Confirmed | Efficient air conditioning | United States | Source (opens in a new tab) |
| 2022-03-04 | Koolboks | Aruwa Capital Management | not published | Shares (equity) | Announced | Cold storage for food and medicine | Nigeria | Source (opens in a new tab) |
| 2022 | TESSOL (Thermal Energy Service Solutions) | Mela Ventures | US$960,656 75,000,000 INR |
Shares (equity) | Announced | Cold storage for food and medicine | India | Source (opens in a new tab) |
| 2021-12-16 | Tabreed Asia Central Cooling | IFC | US$25.0 million | Shares (equity) | Confirmed | Shared cooling networks | India | Source (opens in a new tab) |
| 2021-10-21 | Jupiter Intelligence | Clearvision Ventures; MPower Partners | US$54.0 million | Shares (equity) | Announced | Heat warnings and data | United States | Source (opens in a new tab) |
| 2021-10-07 | Cooling Facility (Green Climate Fund programme) | Green Climate Fund | US$32.0 million | Grant | Announced | Several kinds of cooling | Bangladesh, El Salvador, Kenya, Malawi, North Macedonia, Panama, São Tomé and Príncipe, Somalia, Sri Lanka | Source (opens in a new tab) |
| 2021-10-07 | Cooling Facility (Green Climate Fund programme) | Green Climate Fund | US$29.0 million | Loan | Announced | Several kinds of cooling | Bangladesh, El Salvador, Kenya, Malawi, North Macedonia, Panama, São Tomé and Príncipe, Somalia, Sri Lanka | Source (opens in a new tab) |
| 2021-10-07 | Cooling Facility (Green Climate Fund programme) | Green Climate Fund | US$96.0 million | Loan | Announced | Several kinds of cooling | Bangladesh, El Salvador, Kenya, Malawi, North Macedonia, Panama, São Tomé and Príncipe, Somalia, Sri Lanka | Source (opens in a new tab) |
| 2021-04-29 | Gree/Tsinghua team | Government of India, Mission Innovation and RMI-led coalition | US$500,000 | Prize | Announced | Efficient air conditioning | India | Source (opens in a new tab) |
| 2021-04-29 | Daikin/Nikken Sekkei team | Government of India, Mission Innovation and RMI-led coalition | US$500,000 | Prize | Announced | Efficient air conditioning | India | Source (opens in a new tab) |
| 2021-03-17 | Smart Joules | ADB Ventures; Sangam Ventures; Max I Limited | US$4.1 million | Shares (equity) | Announced | Power for cooling | India | Source (opens in a new tab) |
| 2020 | Keep IT Cool | Shell Foundation | not published | Not stated | Not clear | Cold storage for food and medicine | Kenya | Source (opens in a new tab) |
| Gradient | Prime Coalition / Prime Impact Fund | not published | Not stated | Not clear | Efficient air conditioning | United States | Source (opens in a new tab) | |
| Smart Joules | Raintree Family Office | not published | Not stated | Not clear | Power for cooling | India | Source (opens in a new tab) | |
| Clean Cooling Collaborative grantees | ClimateWorks Foundation / Clean Cooling Collaborative | not published | Grant | Not clear | Several kinds of cooling | Source (opens in a new tab) | ||
| Promethean Power Systems | Efficiency for Access R&D Fund | not published | Grant | Not clear | Cold storage for food and medicine | India | Source (opens in a new tab) |