A device for cold therapy using cooling mist. Ice baths and cryogenic chamber are previously known solutions for cold therapy, but both suffer from several disadvantages, such as space requirements. The present device for cold therapy includes elements, such as a nozzle, for producing mist from liquid provided for the device, which mist stream is sprayed to a surface area of a treated object in order to cool the treated object, wherein the Sauter mean diameter of the mist is at most 150 μm.