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§ Private Profile · Darmstadt, Hessen, Germany
MAGNOTHERM is a technology company.
MAGNOTHERM develops sustainable, refrigerant-free cooling systems leveraging magnetic materials. Their technology harnesses the magnetocaloric effect, utilizing solid materials, magnets, and water for efficient cooling. This method aims to replace traditional gas compression systems, offering a cleaner, energy-efficient alternative providing cold water between 0°C and 25°C.
Founded in 2019 as a spin-off from the Technical University of Darmstadt, MAGNOTHERM was co-founded by Timur Sirman, Maximilian Fries, and Jeffrey Pickett. Its inception stemmed from the insight that unique material properties, specifically the magnetocaloric effect, could form the basis for novel, sustainable cooling solutions addressing industrial demands.
MAGNOTHERM primarily targets commercial refrigeration and industrial applications requiring specific cold water temperatures. Its vision is to transform the cooling sector by advocating safer, cleaner, and more efficient technologies. The company aims to unlock the full potential of advanced materials to address significant global industrial challenges.
MAGNOTHERM has raised $7.7M across 2 funding rounds.
MAGNOTHERM has raised $7.7M in total across 2 funding rounds.
MAGNOTHERM is a technology startup founded in 2019 as a spin-off from Technische Universität Darmstadt, headquartered in Darmstadt near Frankfurt, Germany. The company develops refrigerant-free magnetic cooling systems using magnetocaloric materials, targeting commercial applications like refrigerators, hydrogen liquefiers, and scalable cooling for buildings and server farms.[1][2][3][5] Serving the global cooling industry—which accounts for 7% of CO2 equivalent emissions—their technology solves energy inefficiency and environmental harm from century-old gas compression systems by offering up to 30-40% greater efficiency, zero global warming potential, non-flammable operation, and compliance with EU F-gas regulations.[1][3][5] With an international team of over 40 experts, MAGNOTHERM has achieved early commercialization, including the POLARIS magnetic refrigerator for supermarkets and partnerships for industrial-scale hydrogen liquefaction.[1][4]
Growth momentum includes investments from ENGIE New Ventures to advance hydrogen applications and collaborations like the 2023 partnership with Dresden High Magnetic Field Laboratory, positioning it for rapid expansion in sustainable cooling amid rising demand.[1][4]
MAGNOTHERM emerged in 2019 as a university spin-off from Technische Universität Darmstadt, leveraging the institution's world-leading expertise in permanent magnets and magnetic cooling.[1][5] The founding team, including Geschäftsführender Gesellschafter Dr. Gunther Wobser, built on research into magnetocaloric materials—solid-state substances that heat when magnetized and cool when demagnetized—to address longstanding inefficiencies in cooling technology.[1][4][5] Early traction came from developing scalable prototypes compliant with EU regulations, leading to the first commercial product, the POLARIS magnetic refrigerator.[1] A pivotal moment arrived in 2023 with the ENGIE investment and Dresden partnership to build Europe's first magnetocaloric hydrogen liquefier, demonstrating industrial feasibility and accelerating market entry.[1][4]
MAGNOTHERM rides the wave of decarbonization in cooling and heating, a sector responsible for 7% of global CO2 emissions, amplified by EU F-gas bans and net-zero mandates.[1][5] Timing aligns with surging demand for sustainable alternatives amid climate policies and hydrogen economy growth, where their tech enables efficient liquefaction for clean energy transport.[1][4] Market forces like rising energy costs and regulatory pressures favor solid-state innovations over outdated gas systems, positioning MAGNOTHERM to disrupt a stagnant industry while supporting ecosystem shifts toward circular materials and low-GWP solutions.[2][3][6]
MAGNOTHERM is poised for commercialization acceleration, with hydrogen liquefiers and expanded POLARIS deployments targeting Europe and beyond by scaling prototypes to industrial volumes.[1][4] Trends like AI-driven data center cooling demands and global hydrogen infrastructure will propel growth, potentially capturing share in a market shifting from gas reliance.[3] Its influence may evolve from niche innovator to industry standard-setter, enabling policymakers to phase out legacy tech—reinforcing its role in climate reversal through efficient, scalable magnetic cooling.[1][2]
MAGNOTHERM has raised $7.7M across 2 funding rounds. Most recently, it raised $7.0M Seed in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2023 | $7M Seed | Torben Schreiter | Better Ventures, Josef Arweck, Arne Stoschek, Christoph Behn, Katrin Pucknat, Willi Tscheschner, Hessen Kapital, Lauda DR R. Wobser Beteiligungs Gmbh, Revent | Announced |
| Jul 12, 2021 | $710K Seed | High Tech Grunderfonds | — | Announced |
MAGNOTHERM has raised $7.7M in total across 2 funding rounds.
MAGNOTHERM's investors include Torben Schreiter, Better Ventures, Josef Arweck, Arne Stoschek, Christoph Behn, Katrin Pucknat, Willi Tscheschner, Hessen Kapital, Lauda Dr R. Wobser Beteiligungs-Gmbh, Revent, High-Tech Grunderfonds.