Startup · Germany
MAGNOTHERM
HQ Darmstadt, GermanyFounded 201911-50 employeesUpdated
MAGNOTHERM is shifting the cooling industry toward safer, cleaner and more efficient alternatives.
Funding8 rounds · ~$8.9M
- Equity raised
- ~$8.9M
- Debt, secondaries & grants
- ~$3.8M
- Latest
- ~$332KGrant · Jul 4, 2023
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Jul 4, 2023 | Grant | ~$332K | — | — | — | Reported |
| Apr 4, 2023 | Seed | ~$6.9M | — | — | — | Reported |
| Sep 1, 2022 | Grant | ~$396K | — | — | — | Reported |
| Oct 6, 2021 | Grant | ~$2.9M | — | — | — | Reported |
| Mar 1, 2021 | Seed | ~$714K | — | — | — | Reported |
| Jan 15, 2020 | Grant | ~$122K | — | — | — | Reported |
| May 28, 2019 | Grant | ~$56K | — | — | — | Reported |
| Oct 1, 2018 | Pre-Seed | ~$1.2M | — | — | — | Reported |
- Grant~$332KJul 4, 2023
- Seed~$6.9MApr 4, 2023
- Grant~$396KSep 1, 2022
- Grant~$2.9MOct 6, 2021
- Seed~$714KMar 1, 2021
- Grant~$122KJan 15, 2020
- Grant~$56KMay 28, 2019
- Pre-Seed~$1.2MOct 1, 2018
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems3
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
People4
| Person | Role |
|---|---|
| Dimitri Benke | Co-Founder & CTO |
| Jeffrey Pickett | Co-Founder & CPO |
| Maximilian Fries | Co-Founder & Managing Director |
| Timur Sirman | Co-Founder & Co-Chief Executive Officer |
Sources6
Profile2
- 1
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "Germany", "hq_iso2": "DE", "id": "c98fd55e-8ea1-48ee-9582-e31d5340452c"}”
- 2
MAGNOTHERM · Supports Organization · description, Organization · founded year, Organization · name, Organization · website
“MAGNOTHERM is shifting the cooling industry toward safer, cleaner and more efficient alternatives.”
Systems3
- 3
MAGNOTHERM · Supports System
“# ECLIPSE ###### High performance refrigerant-free cooling for plugin retail and beyond.”
- 4
MAGNOTHERM · Supports System
“# POLARIS ###### The worlds first commercially available magnetic cooler. ##### POLARIS accelerates your brands sustainability story in-store, at events or in shared spaces.”
- 5
MAGNOTHERM · Supports System
“STELLAR - Magnetic Cooling, Superconducted. [](./#a2) ## High-capacity refrigerant-free cooling for data centres, HVAC, industrial process, and beyond”
Funding1
- 6DatabaseMAGNOTHERM company profile
Octen Business Search · Supports Funding round, Organization · employee range, Organization · hq city, Organization · hq region, Organization · linkedin url, Role
“funding round: Grant, 2020-01-15, EUR 110,000, lead: EIT RawMaterials”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.