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asetek Inc. receives €4 million in Venture Capital

| Posted: Dec 28, 2005 2:51 am

Advanced PC cooling mob asetek have finished 2005 on a real high, passing on the news that they have received €4 million from Northzone Ventures, Vaekstfonden and a group of existing investors. This should really get them flying for 2006, opening up many more doors for their future in the enthusiast PC cooling market.


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Broenderslev, Denmark - December 22, 2005 - asetek today announced the investment of €4 million from Northzone Ventures, Vaekstfonden and a group of existing investors. asetek is the leader in high performance and next generation mainstream personal computer chip cooling sporting international brands such as VapoChill® and WaterChill™.


"Through in-house research & development and acquisition asetek has built and patented an impressive product portfolio that addresses mainstream and specialized cooling demands in terms of performance, noise and assembly convenience, and due to significant innovations asetek can provide these cooling solutions at competitive prices", says Gregers Kronborg, partner in Northzone Ventures, "We see several technology and market trends that asetek can leverage to achieve significant market penetration in next generation personal computer systems".


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