LONDON, Jan. 14, 2014 /PRNewswire/ -- Innovator Capital secures funding for next generation liquid cooling technology.
The boutique investment bank, Innovator Capital, announces that it has successfully closed an investment round for the UK based company Iceotope Ltd of up to $USD 10 million. Incoming investors include Ombu Group and Aster Capital.
Innovator acted as Iceotope's exclusive financial advisor on the transaction.
Schneider Electric, Solvay and Alstom are investors in Aster Capital. The Managing Partner of Aster Capital, Jean-Marc Bailly, previously head of Schneider Electric Ventures will join the Iceotope board.
Iceotope, a presenting company at CleanEquity Monaco 2013, has developed a platform, next generation liquid cooling technology applicable to any commodity electronics where excess heat is an issue. The first application of Iceotope's technology is in computer servers where Iceotope's liquid cooling allows for the removal of the standard air conditioning, fans and pressure management systems typically used. The results are dramatic improvements in cost, reliability and performance as well as enabling higher server density and near silent running.
Proceeds from the funding will be used to fulfil orders and accelerate the commercialisation of Iceotope's platform technology into new markets such as defence and telecoms.
Owen Loudon, of Innovator Capital said: "Iceotope's technology offers the holy grail of both CAPEX and OPEX reductions with deployments underway in both high performance computing and cloud computing. Customers in these multi-billion dollar markets are benefiting already from Iceotope's game changing technology. We are delighted that global experts in this field have identified and validated Iceotope's offering as the world's most disruptive technology in this space."
Peter Hopton, Icetope's CEO said: "We thank Innovator Capital for their work in identifying and bringing the parties together to close this transaction. This really is the deal of the century for us and we look forward to working with our new investors and partners to take this technology to the global audience it deserves."
About Innovator Capital
Innovator Capital is a London based boutique investment bank advising emerging Cleantech, ICT and Life Science companies from around the world. Established in 2003, Innovator provides expert strategic and capital markets advice, transaction arranging, M&A and Intellectual Property services for private and public companies.
Innovator Capital is regulated by the Financial Conduct Authority
For further information please contact www.innovator-capital.com
Tel: +44 20 7297 6840
SOURCE Innovator Capital