Tech Company Financing Transactions
Magnotherm Funding Round
Extantia Capital, Better Ventures and BMH Beteiligungs-Managementgesellschaft Hessen mbH participated in a $6.9 million Seed capital raise for Magnotherm. The round closed on 4/4/2023.
Transaction Overview
Company Name
Announced On
4/4/2023
Transaction Type
Venture Equity
Amount
$6,876,000
Round
Seed
Investors
Proceeds Purpose
The company will use the funds to kick start mass production of refrigerators.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
L2 07 Room 103 Alarich-Weiss-Straße 16
Darmstadt, 64287
DE
Darmstadt, 64287
DE
Phone
Undisclosed
Website
Email Address
Overview
MAGNOTHERM develops and builds highly-efficient and sustainable cooling as well as heating solutions based on magnetic materials. We are a young company from Technische Universität Darmstadt with world-leading expertise in permanent magnets and magnetic cooling. We are a spin-off from Functional Materials group, led by Prof. Oliver Gutfleisch. In 2019, MagnoTherm Solutions GmbH was founded.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Maximilian Fries
Co-Founder
Dimitri Benke
Co-Founder
Timur Sirman
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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