Asetek Receives $4 million in Venture Capital

by Marco Chiappetta — Wednesday, January 17, 2007, 11:15 AM EDT

Asetek Receives $4 million in Venture Capital

Broenderslev, Denmark - January 17, 2007 - Asetek, the market leader of thermal management solutions for semiconductors, announced today the investment of $4 million following the investment of $5 million closed last year. Northzone Ventures, Vaekstfonden, KT Venture Group, and a group of private investors participated in the round.

Asetek is the leading thermal management solution provider in the high performance, low noise and next generation mainstream chip cooling markets sporting international brands such as VapoChill and WaterChill.

"As a part of a long term OEM strategy that we started implementing a year ago, I am happy that we have achieved the required milestones to get the 2nd tranche of the investment we received last year. During 2006 we have reached significant milestones such as finalizing product development, starting up a U.S. branch office, almost doubling the number of employees in our professional and committed team, signing up with leading Asian contract manufacturers, and I am proud to say that we will soon announce our first design wins with leading OEMs," said Andr? S. Eriksen, founder and CEO of Asetek. READ MORE...

Tags: Capital, ASETEK, lion, ita, cap, Ive, Pi, TAL, api, AP, K

Marco Chiappetta

Marco's interest in computing and technology dates all the way back to his early childhood. Even before being exposed to the Commodore P.E.T. and later the Commodore 64 in the early ‘80s, he was interested in electricity and electronics, and he still has the modded AFX cars and shop-worn soldering irons to prove it. Once he got his hands on his own Commodore 64, however, computing became Marco's passion. Throughout his academic and professional lives, Marco has worked with virtually every major platform from the TRS-80 and Amiga, to today's high end, multi-core servers. Over the years, he has worked in many fields related to technology and computing, including system design, assembly and sales, professional quality assurance testing, and technical writing. In addition to being the Managing Editor here at HotHardware for close to 15 years, Marco is also a freelance writer whose work has been published in a number of PC and technology related print publications and he is a regular fixture on HotHardware’s own Two and a Half Geeks webcast. - Contact: marco(at)hothardware(dot)com