About Magrathea Metals
Magrathea Metals is a company based in San Francisco (United States) founded in 2022.. Magrathea Metals has raised $11.96 million across 4 funding rounds from investors including U.S. Department of Defense, OSTI.GOV and VoLo Earth Ventures. The company has 20 employees as of December 31, 2024. Magrathea Metals offers products and services including Magnesium Production Technology.
- Headquarter San Francisco, United States
- Employees 20 as on 31 Dec, 2024
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Sectors
Chemicals & Materials
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Phone
*********
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Website
*********
- Legal Name Magrathea Metals Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.96 M (USD)
in 4 rounds
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Latest Funding Round
$19.6 M (USD), Grant
Feb 01, 2024
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Investors
U.S. Department of Defense
& 17 more
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Employee Count
20
as on Dec 31, 2024
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Products & Services of Magrathea Metals
Magrathea Metals offers a comprehensive portfolio of products and services, including Magnesium Production Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Innovative system for producing magnesium to support manufacturing needs
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Funding Insights of Magrathea Metals
Magrathea Metals has successfully raised a total of $11.96M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $19.6 million completed in February 2024. 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 Total Funding
- Total Rounds 4
- Last Round Grant — $19.6M
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First Round
First Round
(02 Mar 2022)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Grant - Magrathea Metals | Valuation |
investors |
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| Jul, 2023 | Amount | Grant - Magrathea Metals | Valuation |
investors |
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| Jun, 2023 | Amount | Seed - Magrathea Metals | Valuation | VoLo Earth Ventures , Capricorn |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magrathea Metals
Magrathea Metals has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include U.S. Department of Defense, OSTI.GOV and VoLo Earth Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage funding and leadership are provided for climate tech companies.
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Private equity firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magrathea Metals
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Magrathea Metals
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magrathea Metals Comparisons
Competitors of Magrathea Metals
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magrathea Metals
Frequently Asked Questions about Magrathea Metals
When was Magrathea Metals founded?
Magrathea Metals was founded in 2022.
Where is Magrathea Metals located?
Magrathea Metals is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Magrathea Metals?
Alexander Grant is the current CEO of Magrathea Metals.
Is Magrathea Metals a funded company?
Magrathea Metals is a funded company, having raised a total of $11.96M across 4 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Mar 02, 2022.
How many employees does Magrathea Metals have?
As of Dec 31, 2024, the latest employee count at Magrathea Metals is 20.
What does Magrathea Metals do?
Magrathea Metals was founded in 2022 and is based in San Francisco, United States. Operations focus on the manufacturing sector, where carbon-neutral magnesium is extracted through electrolysis of seawater. Services encompass recycling management, decarbonization processes, and hydrometallurgy techniques to support sustainable metal production. The company addresses environmental impacts in the metals industry by leveraging seawater as a primary resource.
What products or services does Magrathea Metals offer?
Magrathea Metals offers Magnesium Production Technology.
Who are Magrathea Metals's investors?
Magrathea Metals has 18 investors. Key investors include U.S. Department of Defense, OSTI.GOV, VoLo Earth Ventures, Capricorn Investment Group, and Valor Equity Partners.