Asetek receives additional finance and new chairman
Nordic Hardware reports that Asetek, one of Northzone's portfolio companies, has received USD 8 million in a finance round. In addition, the company has appointed industry veteran Sam Szteinbaum as Chairman of the Board.
These new developments follow successful product launches with Corsair Memories, Dell Alienware, and HP Workstasions, which have given investors further confidence in the company's future.
New Chairman of the Board Sam Szteinbaum brings more than 20 years of international management and technology industry experience to his position. Much of Szteinbaum's career was spent at Hewlett Packard where he served in a variety of leadership roles.
Asetek, Inc. is the world's leading supplier of liquid cooling systems for computers.
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| Fund | Northzone IV K/S Argentum share 25.3% |
| Portfolio Company | Asetek |
| Date of Transaction | 2009-12-15 |
| Transaction | Finance round |
| Seller | |
| Buyer | |
| Size of Transaction | USD 8.0m |
| Ind. Focus | ICT |
| Geography | Denmark |
| Stage | Venture |