Asperitas closes investment round to fuel international scale-up

Amsterdam, 9^th of September 2025 —

Asperitas, a European leader in immersion cooling and advanced thermal management solutions, proudly announces the successful closing of its scale up investment round for an undisclosed amount. The round was led by STECON GROUP GLOBAL PRIVATE LIMITED and Invest-NL, with continued support from existing shareholders Shell Ventures and PDENH.

This funding will accelerate Asperitas’ global scale-up and strengthen the continuation of the innovation of its best-in-class portfolio of passive natural convection and active direct forced convection immersion cooling solutions. It will also boost the company’s capabilities to deliver integrated solutions for (modular) data centre concepts, empowering customers to deploy sustainable compute wherever it is needed.

Meeting surging demand for energy-efficient cooling

Demand for liquid cooling is surging as AI, edge, and next-gen chips outstrip air cooling and strain power in major data centre hubs. With the data centre infrastructure market projected to grow strong globally, this investment round equips Asperitas to scale to meet this need. Asperitas is serving both core and edge data centres with immersion-cooling systems and modular integrations that improve PUE, WUE, and ERF, freeing more power for IT.

A word from our CEO

“This investment round marks an important milestone for Asperitas. We’re proud to welcome new strategic partners and to continue building on the trust of our existing shareholders. With this support, we can accelerate our mission to help data centres maximise the effective use of energy for compute, reduce their environmental impact, and grow sustainably in a market that’s evolving faster than ever.”
— Rutger de Haij, CEO, Asperitas

Strategic investment partners

Sampan Chanaburanasak, Managing Director STECX Ventures (Venture arm STECON GROUP GLOBAL PRIVATE LIMITED): “As one of our strategic pillars is to ‘Shape Tech Leadership’ in Thailand and the ASEAN region’s infrastructure investment, we constantly seek out cutting-edge technologies to complement our move toward the forefront of investment projects. Immersion cooling is one of the most effective and scalable technologies to address energy efficiency and sustainability challenges in the digital infrastructure space. Asperitas stands out as one of the leaders with its efficient technology, experienced leadership, credible partnerships, and strong positioning in a market driven by the growing global demand for high-performance chips.”

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STECON GROUP

One of Thailand’s largest and most trusted construction companies, publicly listed on the Stock Exchange of Thailand, with over 60 years of proven experience delivering large-scale infrastructure including but not limited to Mass Transits, Highways, Petrochemical Plants, Power Plants, Renewables, Refinery and Waste Water Management Plants. Now expanding into high-tech and smart infrastructure ventures, STECON GROUP aims to lead the industry through innovation and sustainability.

Invest-NL

Invest-NL is the National Promotional Institution of the Netherlands, committed to driving a sustainable and innovative future. We accelerate and finance major societal transitions in the fields of Agrifood, Biobased & Circular Economy, Deep Tech, Energy, and Life Sciences & Health.

Shell Ventures‍

Shell Ventures is the corporate venturing arm of Shell, investing in innovative and emerging technologies in support of delivering more value with less emissions. Their investments help scale promising solutions in sectors such as energy efficiency, digital infrastructure, mobility, and emissions reduction.

PDENH

The Participatiefonds Duurzame Economie Noord-Holland (PDENH) is a fund established by the Province of Noord-Holland that invests in innovative companies and projects contributing to the region’s sustainable economy. With a fund size of €85 million, PDENH focuses on the energy transition, circular economy, and sustainable mobility. Founded in 2014, the fund has since provided growth capital to dozens of startups, SMEs, and sustainable energy projects, prioritizing both financial and societal impact. PDENH is a closed-end fund, managed by ROM In West, and collaborates with other funds and investors to accelerate sustainable innovation.

TEOS Advisory Limited  

TEOS Advisory Limited acted as the financial advisor to Asperitas on the transaction.    

About Asperitas

Asperitas is a leading European provider of thermal management solutions with a clear vision: to maximise the effective use of energy for compute. Our mission is to enable customers to sustainably grow their digital infrastructure through high-quality thermal management solutions including immersion cooling. Our ambition is to build the intelligent thermal layer of the next-generation compute stack —serving both core and edge data centres with scalable products, systems, and modular integrations.

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