HomefundingIceotope Completes $10M Series A Financing

Iceotope Completes $10M Series A Financing


Iceotope-high-res_2Iceotope, a Sheffield, UK-based  environmental IT cooling specialist, completion a $10m Series A financing.

The round was led by Aster Capital, with participation from Ombu Group. In addition to the capital raised, the deal also allows Iceotope to establish close cooperation with Aster’s strategic sponsors, particularly Schneider Electric.

The company intends to use the funds to further commercialize its cooling solutions for the global data centre and High Performance Computing (HPC) markets by hiring additional people, expanding into new geographies and targeting larger transactions.

Led by Peter Hopton, CEO, Iceotope has developed technology for full time free cooling for ICT. The company installed its first production system at the University of Leeds in early 2012 and recently equipped a 3,200 sqft Poznan (Poland) Supercomputing and Networking Centre.