# Ecomagnet, SL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecomagnet-sl

- Industry: Mining
- Headquarters: San Sebastian, Spain
- Website: www.ecomagnet.es
- Total disclosed funding: $0.9M
- Latest round: Seed (May 9, 2022)
- Investors on record: 3

## About

Ecomagnet, SL is dedicated to developing innovative magnetic solutions for industrial and consumer applications, enhancing efficiency in material handling and transportation processes across various sectors.Ecomagnet, SL specializes in advanced magnetic solutions, formed in 2021 and headquartered in San Sebastian, Spain. The company, founded by Kenny Alvarez, has engaged in 2 investment deals, with the most recent deal occurring on May 9, 2022. They raised EUR 0.85 mn in Seed funding from investors including CEIT Group and Clave Capital, bringing their total amount raised to EUR 0.85 mn.Ecomagnet specializes in innovative magnetic solutions designed for various industrial and consumer applications. Their core product offerings include high-performance magnetic systems that enhance efficiency in material handling, separation, and transportation processes. These products are utilized across several sectors, including manufacturing, logistics, and renewable energy, solving challenges related to material movement and sorting. Ecomagnet serves clients primarily in Europe and North America, providing customizable solutions that can be integrated seamlessly into existing systems.In 2023, Ecomagnet recorded a revenue of EUR 1,028.80 mn and an EBITDA of EUR 25,467.60. The company’s revenue model is based on B2B transactions, focusing on direct sales and partnerships with industrial clients, offering tailored pricing based on order scale and complexity.Ecomagnet plans to utilize the funds raised in the Seed round on May 9, 2022, to support the development of its R&D and expand its business operations. The company is working on upcoming new magnetic products aimed at enhancing their current offerings. Additionally, Ecomagnet is targeting expansion into new geographic markets to increase its presence and client base by the end of 2024.

## Funding rounds

- Seed, May 9, 2022, $0.9M — Clave Capital, CEIT Group, Center for Technological & Industrial Development

## Investors

- Clave Capital — Seed
- CEIT Group — Seed
- Center for Technological & Industrial Development (https://capitalatlas.ai/funds/center-for-technological-industrial-development) — Seed