(Athens, Ohio) Global Cooling Inc., the manufacturer of award winning ultra-low temperature Stirling Ultracold freezers, announced today that the company has closed a $5.5-million combination of debt and equity financing. This new funding will allow Global Cooling to expand its manufacturing capabilities and build its sales team to focus on new growth opportunities in the U.S. and internationally. Both existing and new shareholders participated in this round, including:

Advantage Capital: St. Louis-based investment firm, providing equity and debt financing to established and emerging companies located in communities underserved by conventional sources of capital. “Global Cooling has built a reputation for creating innovative and energy-efficient products,” said Philip Ruppel, Vice President at Advantage Capital. “We are excited to be partnering with Global Cooling and are looking forward to watching the company’s continued successes.”

Ohio Innovation Fund: Columbus-based venture capital firm s