Fundraising Fox

Nuventix

Acquired

Austin, US · 4 known investors

Company offering thermal management solutions using synthetic jet technology for electronics cooling applications.

Also known as Innovative Fluids Inc. · Nuventix Inc · Nuventix, Inc.

Founders & leadership

DK
David KollenExecutive
TD
Tom DaltonExecutive
SF
Steve FarrellExecutive
SS
Stuart SorensenExecutive
JA
James A, BalthazarExecutive
SD
Steve DarbinExecutive

Board

DC
Dennis CostelloBoard director
BC
Berry CashBoard director
BP
Bob PaluckBoard director
BD
Brian DundonBoard director

Investors · 4

Reported raises · per SEC filings

Form D private placements

$11.9M disclosed across 2 of 3 rounds · 2012–2014

$5MraisedJun 2014 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Brian DundonDirector
  • Bob PaluckDirector
  • Steve DarbinExecutive Officer
  • James A. BalthazarExecutive Officer, Director
  • Berry CashDirector
  • Dennis CostelloDirector
  • Steve FarrellExecutive Officer
  • Stuart SorensenExecutive Officer
Offering amount
$5M
Amount sold
$5M
First sale
Oct 2013
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$7MraisedMar 2012 · 12 investors · Computers
Rule 506(b)
Officers, directors & promoters on the filing
  • David KollenExecutive Officer
  • Dennis CostelloDirector
  • Tom DaltonExecutive Officer
  • Steve FarrellExecutive Officer
  • Berry CashDirector
  • Bob PaluckDirector
  • Brian DundonDirector
  • Stuart SorensenExecutive Officer
  • James A, BalthazarExecutive Officer, Director
  • Steve DarbinExecutive Officer
Offering amount
$10M
Amount sold
$7M
First sale
Mar 2012
Incorporated
Corporation, Delaware
Federal exemptions
06
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Nuventix, Inc. was an Austin, Texas company that designed, manufactured and distributed fanless thermal management solutions for electronics, built around its patented SynJet synthetic-jet air-mover technology. The technology was applied to cooling LED lighting chips and fixtures as well as embedded computing and other electronics, and was positioned as a quiet, energy-efficient alternative available in multiple sizes and form factors.

The company was described by its leadership as a developer of compact and reliable air movers, and served customers internationally. On July 1, 2014 Nuventix was acquired by Aavid Thermalloy LLC of Laconia, New Hampshire, a thermal management manufacturer of heat sinks, heat pipe assemblies and cold plates and a portfolio company of Audax Private Equity; Nuventix subsequently operated as a subsidiary of Aavid.

Founding story

Nuventix was founded in 2005 as Innovative Fluids Inc. according to press coverage of its acquisition; other profiles list a founding year of 2003.

Business model

Nuventix designed, manufactured and distributed thermal management components and modules to electronics and LED lighting manufacturers, and also licensed its cooling technology to third parties.

Traction

The company reported 37 employees in 2012 and had raised at least $55 million in investment capital by the time of its 2014 sale, having completed a Series F round weeks before the acquisition.

Latest developments

Nuventix was acquired by Aavid Thermalloy on July 1, 2014 and continued as a subsidiary of Aavid. A 2018 report described GE Lighting entering a licensing agreement for Nuventix LED cooling technology alongside a $10 million investment.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

A specialist supplier of thermal management components within the electrical equipment and electronic manufacturing sector, positioned against fan and air-mover suppliers such as Comair Rotron, ebm-papst and Delta Electronics.

Fanless, patented synthetic-jet cooling described by management as among the most compact and reliable air movers available, targeting quiet and energy-efficient operation relative to conventional fan-based cooling.

Technology

The core technology was SynJet, a patented synthetic-jet air mover that provides fanless, quiet and energy-efficient cooling. It was offered in multiple sizes and form factors for applications ranging from LED lighting chips to embedded computing systems.

Go-to-market

LED lighting manufacturers and other electronics developers requiring heat-dissipation solutions, including customers in electronics and telecommunications markets served by acquirer Aavid Thermalloy.

Geography

Headquartered in Austin, Texas at 4635 Boston Lane, with customers worldwide; following the acquisition it became part of Aavid Thermalloy, which maintains global sales, design and manufacturing operations.

History

Founded in the mid-2000s under the name Innovative Fluids Inc., Nuventix developed and commercialized SynJet thermal management products from its Austin, Texas base, employing 37 workers as of 2012 — the last year headcount was confirmed in press coverage. It raised capital across multiple venture rounds, including a Series E reported in 2012 and a Series F completed weeks before its sale. In July 2014, after roughly eight years of commercial operation, the company was acquired by Aavid Thermalloy and became a subsidiary of that business.

Risks & controversies

Financial terms of the 2014 acquisition were not disclosed, and public records of the company's founding date and total funding differ between sources.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJan 201237 people
Total investment capital raised since launchJul 2014$55M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 3

launches, deals, and filings
Jul 2014
Aavid Thermalloy acquires Nuventix

Aavid Thermalloy, a Laconia, New Hampshire-based thermal management manufacturer and portfolio company of Audax Private Equity, announced it had acquired Nuventix. Financial terms were not disclosed. KPMG served as financial advisor and Fredrikson & Byron, P.A. as legal counsel to Aavid.

source ↗

Oct 2013
SEC filing reports $2.6M of a $5M target round

An October 2013 SEC filing reported Nuventix had raised $2.6 million of a $5 million target.

$2.6M source ↗

Mar 2012
Reported raising $6.9M of a planned $10M Series E

In a March 2012 filing Nuventix reported raising $6.9 million of a planned $10 million Series E round from 12 investors, bringing total investment capital raised since launch to $50 million according to company officials.

$6.9M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Nuventix do?
Austin-based maker of fanless SynJet synthetic-jet cooling for LED lighting and electronics; acquired by Aavid Thermalloy in 2014.
Who are Nuventix's investors?
Nuventix's investors include Braemar Energy Ventures, Genstar, GE Energy Financial Services, Rho Ventures.
How much funding has Nuventix raised?
Nuventix has disclosed $11.9M raised across 2 of its 3 known rounds.
Where is Nuventix headquartered?
Nuventix is headquartered in Austin, US.