NovAzure client Iceotope raises £30m to scale

As the dust settles on this historical fundraise, all of us at NovAzure want to congratulate the Iceotope Technologies Limited (“Iceotope”) team for successfully raising £30M to accelerate their commercialisation journey. We are delighted to have been working with Iceotope for the past 2 years and to have supported them during their fundraise, in collaboration with their financial advisor Pantokrator Ltd, who led the fundraising.

David Craig, CEO of Iceotope Technologies Limited, said: “NovAzure made sure they rapidly understood our complex business, and challenged us to think differently about what we knew. They helped us to define the right business models and commercial strategy to maximise value from our IP. We’re very pleased with NovAzure’s excellent work and intend to carry on working with them as long-term partners.”

We firmly believe that Iceotope is ‘Unicorn’ material, with their premium technology that addresses the dual challenge of exploding data consumption and the need to decarbonise the industry. We are very excited to continue working with Iceotope teams to accelerate their growth and scale in the very fast growing Data Centre & Edge markets.


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