MAGNOTHERM
Next generation cooling
Business Model:
Revenue: $0
Employees: 11-50
Industries / Tags:
Detailed MAGNOTHERM Information
Geographic Data
Address:
City: Darmstadt
State: Hessen
Zip:
Country: Germany
Financial Info
Stage:
seed
Raised Last:
$718k
Raised Total:$2M
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Description
MAGNOTHERM® is an emerging university spin-off from Technische Universität Darmstadt with world leading expertise in permanent magnets and magnetic cooling. Our technology, based on solid state materials and water, is capable of replacing standard gas compression cooling or heating solutions in compliance with current and future f-gase regulation standards. Our developed cutting-edge energy conversion solutions allow cooling and heating with low pressure systems and is 40% more efficient than current systems. At the same time it complies with all current and future EU F-gas regulations, is explosion free and non-imflammable. It is efficiently scalable in all sizes for thermal energy conversion units in decentralized, mid-range powered applications. With our clean refrigeration technology, we are able to meet the world’s fast growing demand of clean and sustainable cooling and heating applications.
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| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2020 | Non Equity Assistance | - | 3/2021 | Seed Round | $0 |
KfW Capital KfW Capital |
10/2018 | Pre Seed Round | 1 | $1.3M |
Federal Ministry for Economic Affairs and Energy (BMWi) Federal Ministry for Economic Affairs and Energy (BMWi) |
3/2021 | Seed Round | 1 | $718.1k |
KfW Capital KfW Capital |
5/2020 | Non Equity Assistance | - |
|---|
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