About MAGNOTHERM
MAGNOTHERM is a company based in Darmstadt (Germany) founded in 2019 by Maximilian Fries and Timur Sirman. MAGNOTHERM has raised $6.84 million across 5 funding rounds from investors including European Union, SpinLab and Extantia. The company has 33 employees. MAGNOTHERM offers products and services including ECLIPSE and POLARIS. MAGNOTHERM operates in a competitive market with competitors including Johnson Controls, TAS, Phononic, Transaera and SkyCool Systems, among others.
- Headquarter Darmstadt, Germany
- Employees 33
- Founders Maximilian Fries, Timur Sirman
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website magnotherm.com
- Social LinkedIn X Instagram
- Legal Name Magnotherm Solutions Gmbh
- Total Equity Funding$6.84M (USD)
in 5 rounds
- InvestorsEuropean Union
& 8 more
- Employee Count33
Products & Services of MAGNOTHERM
MAGNOTHERM offers a comprehensive portfolio of products and services, including ECLIPSE and POLARIS.
Refrigerant-free technology for commercial cooling applications
Efficient magnetic cooling for industrial and server uses
Funding Insights of MAGNOTHERM
MAGNOTHERM has successfully raised a total of $6.84M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.84M
- Total Rounds 5
- First Round $712,354
(Jul 2021)
- Investors Count 9
All 5 funding rounds of MAGNOTHERM with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | – | Seed | – | – | |
| Jun 2023 | $284,240 | Grant | – | – | |
| Apr 2023 | $6.84M | Seed | – | Extantia | |
| Oct 2021 | $2.9M | Grant | – | – | |
| Jul 2021 | $712,354 | Grant | – | – |
9 investors in total: 9 institutional.
Investors in MAGNOTHERM
MAGNOTHERM has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, SpinLab and Extantia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Extantia is focused on investing in climate technology pioneers. | – | extantia.com | - | |
Early-stage founders are supported by better ventures for impact. | – | betterventures.io | - | |
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Startup acceleration services are offered to digital tech ventures. | 2014 | spinlab.co | Leipzig, Germany | |
- | – | engieventures.com | - | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Offers equity financing for company founding, innovation, and growth in Hessen. | – | hessen-kapital.de | Wiesbaden, Germany | |
LAUDA is recognized as a leader in temperature control technology. | – | lauda.de | Germany | |
Revent is recognized as a leading manufacturer of bakery equipment. | 1958 | revent.com | Upplands Väsby, Sweden |
Investor details for MAGNOTHERM
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of MAGNOTHERM
4 people are tracked at MAGNOTHERM (3 in leadership, 1 in team); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
Maximilian Fries | Co-Founder & CEO | Leadership |
Timur Sirman | Co-Founder & Co-CEO | Leadership |
Tino Gottschall | Co-Founder | Leadership |
Jonathan Chan | Creative Lead | Team |
Complete people profiles for MAGNOTHERM
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of MAGNOTHERM
3 dated milestones of MAGNOTHERM across 4 years, from founding to its latest funding, stage changes and deals.
- Founded MAGNOTHERM is founded.
- Funding First funding round of $712K.
- Funding Latest funding round, Seed,.
Competitors of MAGNOTHERM
MAGNOTHERM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Johnson Controls, TAS, Phononic, Transaera and SkyCool Systems, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| johnsoncontrols.com | 1885 | Milwaukee, United States | – | 100,000 | Automotive batteries and HVAC equipment are manufactured and supplied globally. | |
| tas.com | 1999 | Houston, United States | $59.9M | – | TAS is recognized for providing innovative modular construction solutions. | |
| phononic.com | 2009 | Durham, United States | $207.9M | 109 | Solid state thermal management solutions using semiconductors are developed. | |
| transaera.com | 2017 | Cambridge, United States | $12.8M | – | Developer of energy-efficient air conditioning technology using advanced moisture-removing materials | |
| skycoolsystems.com | 2016 | San Francisco, United States | $5M | 10 | Provider of radiative cooling systems | |
| grcooling.com | 2009 | Austin, United States | $35.46M | 21 | Oil immersion cooling solutions for data centers are provided. | |
| submer.com | 2015 | Barcelona, Spain | $89.5M | – | Immersion cooling systems for data centers are provided. | |
| iceotope.com | 2005 | Sheffield, United Kingdom | $81.39M | 136 | Liquid cooling solutions for data centers are provided by Iceotope. | |
| surechill.com | 2002 | Cardiff, United Kingdom | $21.18M | 26 | Refrigeration systems for intermittent power are developed by Sure Chill. | |
| liquidcoolsolutions.com | 2005 | Rochester, United States | $5.18M | – | Liquid cooling systems for data centers are developed and supplied. |
Detailed competitors of MAGNOTHERM
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MAGNOTHERM
The website of MAGNOTHERM (magnotherm.com) receives about 2.7K visits a month.
- Monthly visits2.7K
▼ 33.7% vs previous month
Latest news on Magnotherm
Complete news archive for MAGNOTHERM
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MAGNOTHERM
10 companies that operate in the same segment as MAGNOTHERM (Energy Efficiency Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 515.61 M | – | – | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
IoT and SaaS solutions for building energy management are provided. | 2011 | Munchen, Bayern, Germany | USD 245.02 M | USD 715.19 K | 201 | |
Provider of smart energy management solutions | 2013 | Sunnyvale, California, United States | USD 534.75 M | – | – | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.71 B | – | – | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about MAGNOTHERM
MAGNOTHERM was founded in 2019 and raised its 1st funding round 2 years after it was founded.
MAGNOTHERM is headquartered in Darmstadt, Germany. It is registered at Darmstadt, Hesse, Germany.
Maximilian Fries is the current CEO of MAGNOTHERM. They have also founded this company.
MAGNOTHERM is a funded company, having raised a total of $6.84M across 5 funding rounds to date. The company's 1st funding round was a Grant of $712.35K, raised on Jul 2021.
MAGNOTHERM has 33 employees.
MAGNOTHERM was founded in 2019 in Darmstadt, Germany, within the cooling technology sector. Refrigerant-free systems are designed and manufactured using permanent magnets to enable cooling without compressors or gas refrigerants. Operations focus on commercial and industrial refrigeration, with applications in server cooling and HVAC. This approach is applied to address environmental and cost-related aspects of traditional cooling methods.
MAGNOTHERM's top competitors include Iceotope, Johnson Controls and TAS.
MAGNOTHERM offers ECLIPSE and POLARIS.
MAGNOTHERM has 9 investors. Key investors include European Union, SpinLab, Extantia, Hessen Kapital, and LAUDA.
MAGNOTHERM operates through Magnotherm Solutions Gmbh.