# Iceotope Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iceotope-technologies

- Industry: IT Infrastructure
- Headquarters: UK
- Website: www.iceotope.com
- Total disclosed funding: $36M
- Latest round: Series B (May 13, 2026)
- Investors on record: 9

## About

Iceotope Technologies Limited specializes in advanced liquid cooling solutions for data centers and AI infrastructure, significantly enhancing energy efficiency and sustainability in high-performance computing environments.Iceotope Technologies Limited, founded in 2005, is based in Sheffield, UK, and focuses on liquid cooling technology for data centers. The company has successfully completed four funding deals, with the most recent round on May 2026, Iceotope Technologies Limited raised USD 26 million in series B funding from Two Seas Capital and Barclays Climate Ventures, nVent Management Company, Edinv, ABC Impact, Northern Gritstone, and British Patient Capital. The firm was founded by Peter Hopton, who has a history of involvement in technology ventures. Iceotope's latest investment round brought in notable investors such as British Patient Capital, Northern Gritstone, Pavilion Capital, and SDCL, among others, achieving a total amount raised of GBP 30.04 million and a current valuation of GBP 93.87 million.Iceotope is a leading provider of advanced liquid cooling solutions specifically designed for data centers and AI infrastructure. Their flagship product, KUL AI, operates silently without fans, effectively capturing 100% of the heat generated, thus lowering water and energy consumption. Iceotope's solutions cater to server manufacturers, enterprises pursuing Net Zero targets, and cloud service providers seeking tailored cooling environments for AI workloads, with a strong presence in North America, Europe, and parts of Asia.For the financial year 2024, Iceotope reported a revenue of GBP 2,342,503.90 with an EBITDA loss of GBP 55,316.30. The company's revenue model focuses on B2B transactions, primarily through partnerships with server manufacturers and cloud service providers, emphasizing long-term agreements for on-premise installations and maintenance services. In May 2026, Iceotope Technologies Limited raised USD 26 million in series B funding co-led by new investors Two Seas Capital and Barclays Climate Ventures, with participation from returning investors Edinv, ABC Impact, Northern Gritstone, and British Patient Capital. The company will use the May 2026 funding to advance its product and engineering development, expand its patent portfolio and accelerate ecosystem partnerships that will bring solutions incorporating Iceotope technology to market.

## Funding rounds

- Series B, May 13, 2026, $26M — British Patient Capital, ABC Impact, Two Seas Capital, nVent Management Company, Northern Gritstone, Edinv, Barclays Climate Ventures
- Series A, Dec 13, 2013, $9.8M — Aster Capital, Ombu Group

## Investors

- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series A
- Ombu Group — Series A
- British Patient Capital — Series B
- ABC Impact (https://capitalatlas.ai/funds/abc-impact) — Series B
- Two Seas Capital — Series B
- nVent Management Company — Series B
- Northern Gritstone (https://capitalatlas.ai/funds/northern-gritstone) — Series B
- Edinv — Series B
- Barclays Climate Ventures (https://capitalatlas.ai/funds/barclays-climate-ventures) — Series B