Climate tech startup MGA Thermal raises $17 million
MGA Thermal, a Hunter Valley energy storage maker, has banked $17 million from IP Group and others to commercialise its heat-storage technology, lifting its total funding to $50 million.
Venture capital fund · 5 deals
Every published round Climate Venture Capital Fund took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Climate Venture Capital Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| MGA Thermal | Developer of Miscibility Gaps Alloy blocks for industrial thermal energy storage | 2021 | 5 | 0 |
Fund closes reported for Climate Venture Capital Fund, as distinct from the investments it has made.
Companies Climate Venture Capital Fund has backed that another company then bought. An exit for the holding, not a deal Climate Venture Capital Fund did.
Stories naming Climate Venture Capital Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
MGA Thermal, a Hunter Valley energy storage maker, has banked $17 million from IP Group and others to commercialise its heat-storage technology, lifting its total funding to $50 million.
Weekly roundup reporting eight Australian startups together raised $85.6 million across mining tech, cybersecurity, waste, energy storage, health and micromobility, plus a Google.org grant for Global Sisters.
MGA Thermal has opened the first stage of its Newcastle manufacturing facility, targeting daily production of thermal storage blocks, and the article recalls its $8 million raise backed by Main Sequence and other investors.
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