What is Iceotope?
Founded in 2005 and headquartered in the United Kingdom, Iceotope specializes in sustainable computing products designed to reduce space requirements, lower energy costs, and maximize operational efficiency. The company's proprietary liquid cooling technology enables the immersion of heat-generating IT components in a safe, non-flammable coolant, offering a novel approach to data center infrastructure. This innovative solution addresses the increasing demand for eco-friendly and high-performance computing.
How much funding has Iceotope raised?
Iceotope has raised a total of $98M across 4 funding rounds:
Series A
$10M
Unspecified
$36M
Series B
$26M
Series B
$26M
Series A (2014): $10M with participation from Ombu Group and Aster Capital
Unspecified (2022): $36M, investors not publicly disclosed
Series B (2026): $26M supported by Seas Capital and Barclays
Series B (2026): $26M featuring Northern Gritstone, Educational Investments, Barclays, British Business Bank, ABC Impact, and Seas Capital
Key Investors in Iceotope
Seas Capital
Seas Capital is an investment entity focused on generating uncorrelated returns through event-driven strategies, particularly those influenced by legal or regulatory changes. Their approach involves creating balanced portfolios with unique risk-return characteristics, targeting investors seeking opportunities outside traditional market movements.
Barclays
Barclays PLC is a global financial services provider offering a comprehensive range of banking and investment services. The company operates across retail, corporate, and investment banking, with a significant presence in the UK and internationally, focusing on digital innovation and sustainable finance.
Northern Gritstone
Northern Gritstone is an investment company dedicated to supporting science and technology businesses in the North of England. Founded by leading universities, it aims for 'profit with purpose,' combining investor returns with societal benefits like job creation.
What's next for Iceotope?
The substantial enterprise-level backing indicates Iceotope is likely in a scaling phase, poised for significant expansion and market penetration. This strategic investment is expected to fuel further research and development into their advanced liquid cooling systems, enhance manufacturing capabilities, and broaden their global market reach. The company's focus on sustainability and efficiency positions it favorably within the growing green technology sector, suggesting a future focused on solidifying its leadership in energy-efficient IT solutions.
See full Iceotope company page
