# MGA Thermal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mga-thermal-pty

- Industry: Renewable Energy
- Headquarters: Tomago, Australia
- Website: www.mgathermalstorage.com
- Total disclosed funding: $6.3M
- Latest round: Series A (Jul 29, 2021)
- Investors on record: 7

## About

Based in Australia, MGA Thermal provides thermal storage enable to help utility companies transition from fossil fuels to renewable energy sources. In August 2021, MGA Thermal raised AUD 8 million in series A funding led by new investor Main Sequence Ventures, with participation from other new investors Alberts Impact Capital, Climate Capital, and The Melt. Returning investor CP Ventures and individual investors also participated in the round.

MGA Thermals will use the funding to scale its team and manufacturing capacity to meet international demand for thermal energy storage technology.

## Funding rounds

- Series A, Jul 29, 2021, $6M — The Melt, CP Ventures, Main Sequence Ventures, Alberts, Climate Capital, Jas Impact Capital No 3 Pty Ltd, Butcher Divliaev Pty Ltd
- Seed, Jun 18, 2020, $0.3M — CP Ventures

## Investors

- CP Ventures (https://capitalatlas.ai/funds/cp-ventures) — Seed, Series A
- The Melt — Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series A
- Alberts — Series A
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Series A
- Jas Impact Capital No 3 Pty Ltd — Series A
- Butcher Divliaev Pty Ltd — Series A