Johnson Controls invests in Accelsius, Innventure raises $9.75 million

ORLANDO - Innventure, Inc. (NASDAQ:INV), a technology commercialization company with a current market capitalization of $281.25 million, announced Monday that Johnson Controls (NYSE:JCI) has made a strategic investment in Accelsius, a company that provides two-phase, direct-to-chip liquid cooling systems.

In a separate transaction, Innventure completed a $9.75 million private placement of common stock and warrants led by CastleKnight. This funding, combined with the previously announced issuance of convertible debentures to Yorkville worth up to $15 million, will provide working capital for Innventure’s ongoing operations. According to InvestingPro data, the company’s current ratio of 0.29 indicates a pressing need for working capital, with short-term obligations exceeding liquid assets.

Innventure focuses on commercializing transformative technologies acquired or licensed from multinational corporations. The company targets innovations with potential to reach an enterprise value of at least $1 billion.

Innventure describes its business model as founding, funding, and operating companies that develop sustainable technology solutions. Its approach is designed to mitigate risk while scaling technologies that could significantly change how businesses and industries operate.

The announcement was made in a press release statement from the company. Financial terms of Johnson Controls’ investment in Accelsius were not disclosed.

In other recent news, Innventure Inc. reported its second-quarter 2025 earnings, highlighting an increase in revenue, attributed to its Excelsius division and ESG fund management. The company is navigating a challenging financial environment while focusing on strategic expansion. In a separate development, Innventure’s Audit Committee has decided to replace BDO USA with WithumSmith+Brown as its independent registered public accounting firm. BDO had been Innventure’s auditor since October 2024 and had audited the company’s predecessor, Innventure LLC, since June 2022.

Meanwhile, Johnson Controls has announced a multi-million dollar strategic investment in Accelsius, a company known for its two-phase, direct-to-chip liquid cooling technology for data centers. This investment addresses the significant energy consumption challenge posed by data center cooling systems, which account for 30% to 40% of total energy use. The move is particularly relevant given the increasing demands of AI workloads. These recent developments highlight ongoing strategic initiatives and changes within both companies.

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