Latest round

Series B

Last raised

Sep 2025

Total raised

Undisclosed

Investors

4

About Thermal

Founded in 2018, and based in Ningbo, China, Thermal is a metal composite material manufacturer engaged in the manufacture and sale of thermal management materials and new electronic components. Thermal mainly develops and produces graphite aluminum composite materials. Its products mainly include graphite aluminum composites, graphite aluminum sandwich devices and diamond copper composites, etc. The products can be used in chip packaging, 5G communications, new energy vehicles, aviation, aerospace and other fields. The company generates revenue by developing graphite aluminum composites, graphite aluminum sandwich devices and diamond copper composites.

Who invested in Thermal

4 investors across 1 round

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Funding rounds

  1. Series B

    Sep 5, 2025

    Amount

    Undisclosed

    Investors

    Locked

Questions about Thermal

Who invested in Thermal?

Thermal has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Thermal raised?

Thermal has raised 1 venture round. Sign up free to see how much each round raised and the total.

When did Thermal last raise money?

Thermal's most recent round on record is a Series B, in Sep 2025.

What does Thermal do?

Founded in 2018, and based in Ningbo, China, Thermal is a metal composite material manufacturer engaged in the manufacture and sale of thermal management materials and new electronic components.

Where is Thermal headquartered?

Thermal is headquartered in Ningbo, China.

Which VCs invest in companies like Thermal?

Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back materials companies at Thermal's stage. Their profiles are linked below.

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