# Asetek A/S

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/asetek-a-s

- Industry: Hardware
- Headquarters: Aalborg, Denmark
- Website: www.asetek.com
- Total disclosed funding: $27M
- Latest round: Series B (Sep 24, 2008)
- Investors on record: 4

## About

Asetek A/S is a Danish company specializing in high-performance gaming hardware, with a focus on innovative all-in-one liquid cooling solutions that enhance system performance and reliability in gaming environments.Founded in 2000 by André Eriksen in Aalborg, Denmark, Asetek A/S designs and manufactures advanced cooling solutions. The company underwent an IPO in March 2013, raising NOK 143 million through the sale of shares. André Eriksen continues to lead the company as CEO.Asetek specializes in designing, manufacturing, and selling high-performance gaming hardware, notably their innovative all-in-one (AIO) liquid cooling solutions. Their flagship products enhance the performance and reliability of gaming systems, addressing critical thermal management needs. Asetek's offerings include advanced CPU water coolers and SimSports equipment, catering to PC gaming enthusiasts, esports professionals, and OEM partners. Their products are marketed globally, with significant presence in North America, Europe, and parts of Asia, serving both individual consumers and larger enterprises in the gaming and tech sectors.In the most recent fiscal year of 2024, Asetek reported a revenue of NOK 52,502,000 with an EBITDA of NOK -12,358,000. The company generates revenue primarily through direct sales and partnerships with OEMs and retailers, focusing on premium products such as Invicta™ and Forte® direct drive wheelbases, and advanced CPU coolers.Asetek plans to expand its product line with the launch of new gaming hardware, aimed for release in the upcoming quarters. The company also seeks to penetrate new markets in Asia and South America by 2025. The NOK 143 million raised during the recent IPO will support these initiatives, primarily by funding product development and market expansion efforts. The IPO in March 2013 allowed Asetek to strategically position itself for future growth, following the exit of Sunstone Capital from its holdings.

## Funding rounds

- Series B, Sep 24, 2008, $16M — D. E. Shaw & Co
- Series A, Mar 22, 2006, $6M — Northzone, Vaekstfonden, KT Venture Group
- Series A, Dec 28, 2005, $4.7M — Northzone, Vaekstfonden

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A
- Vaekstfonden (https://capitalatlas.ai/funds/vaekstfonden) — Series A
- KT Venture Group (https://capitalatlas.ai/funds/kt-venture-group) — Series A
- D. E. Shaw & Co (https://capitalatlas.ai/funds/d-e-shaw-co) — Series B