What is Iceotope?
Founded in 2005, Iceotope specializes in advanced liquid cooling systems designed to optimize data center performance. By immersing heat-generating IT components in a non-flammable, safe coolant, the company effectively eliminates the need for energy-intensive air conditioning systems. This approach not only reduces total cost of ownership but also significantly shrinks the physical footprint of server infrastructure. As organizations globally strive to meet net-zero targets, Iceotope's technology serves as a vital bridge between high-density computing requirements and environmental sustainability mandates.
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 Aster Capital and Ombu Group
Unspecified (2022): $36M, investors not publicly disclosed
Series B (2026): $26M supported by Barclays and Seas Capital
Series B (2026): $26M featuring ABC Impact, Northern Gritstone, Educational Investments, Barclays, British Business Bank, and Seas Capital
Key Investors in Iceotope
ABC Impact
A Singapore-based private equity firm focused on impact investing, targeting commercially scalable businesses that address climate solutions and environmental challenges.
Northern Gritstone
An investment firm founded by the Universities of Manchester, Leeds, and Sheffield, dedicated to supporting science and technology businesses with a profit-with-purpose philosophy.
Aster Capital
A venture capital firm acting as a business hub for startups, specializing in energy, smart industries, and mobility sectors with a global investment footprint.
What's next for Iceotope?
With the successful closure of this major strategic investment, Iceotope is poised to scale its manufacturing capabilities and expand its international market presence. The focus will likely shift toward deepening partnerships with global data center operators and hardware OEMs to integrate its cooling solutions directly into next-generation server architectures. As the industry grapples with the thermal challenges posed by artificial intelligence and high-performance computing, Iceotope's ability to provide scalable, energy-efficient cooling will be a key differentiator in maintaining its competitive edge in the global infrastructure market.
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