About Asetek
Asetek is a company based in Aalborg (Denmark) founded in 1997.. Asetek has raised $34 million across 7 funding rounds from investors including D. E. Shaw Group, European Union and EIC Fund. Asetek operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and Tibber, among others.
- Headquarter Aalborg, Denmark
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Asetek A/S
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Annual Revenue
$50.43 M (USD)-31.18as on Dec 31, 2024
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Net Profit
$-22.99 M (USD)-499.07as on Dec 31, 2024
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EBITDA
$-10.57 K (USD)-100.07as on Dec 31, 2024
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Total Equity Funding
$34 M (USD)
in 7 rounds
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Latest Funding Round
$1.24 M (USD), Grant
Jun 30, 2019
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Investors
D. E. Shaw Group
& 6 more
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Employee Count
Employee Count
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IPO & Listings of Asetek
Asetek is a publicly listed company on the OMXCOP with ticker symbol ASTK in Denmark, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Asetek
Asetek has successfully raised a total of $34M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $1.24 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Grant — $1.2M
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First Round
First Round
(23 Mar 2006)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Grant - Asetek | Valuation |
investors |
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| Jul, 2017 | Amount | Grant - Asetek | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Asetek | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Asetek
Asetek has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include D. E. Shaw Group, European Union and EIC Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Northzone venture capital.
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Founded Year | Domain | Location | |
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Investments are made by Sunstone in early-stage European companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Asetek
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Asetek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Asetek Comparisons
Competitors of Asetek
Asetek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Danfoss, Landis+Gyr and Tibber, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Asetek
Frequently Asked Questions about Asetek
When was Asetek founded?
Asetek was founded in 1997 and raised its 1st funding round 9 years after it was founded.
Where is Asetek located?
Asetek is headquartered in Aalborg, Denmark.
Is Asetek a funded company?
Asetek is a funded company, having raised a total of $34M across 7 funding rounds to date. The company's 1st funding round was a Grant of $1.15M, raised on Mar 23, 2006.
What is the annual revenue of Asetek?
Annual revenue of Asetek is $50.43M as on Dec 31, 2024.
What does Asetek do?
Asetek was founded in 1997 in Aalborg, Denmark, within the technology sector focused on hardware cooling. Cooling systems designed to manage heat in CPUs and GPUs are produced. Air and liquid cooling technologies are supplied for data centers, servers, workstations, gaming setups, and high-performance PCs. Operations emphasize energy-efficient solutions tailored to computing infrastructure demands across global markets.
Who are the top competitors of Asetek?
Asetek's top competitors include Particle, Landis+Gyr and Danfoss.
Is Asetek publicly traded?
Yes, Asetek is publicly traded on OMXCOP under the ticker symbol ASTK.
Who are Asetek's investors?
Asetek has 7 investors. Key investors include D. E. Shaw Group, European Union, EIC Fund, Northzone, and Sunstone.
What is Asetek's ticker symbol?
The ticker symbol of Asetek is ASTK on OMXCOP.