Australia · Venture startup
2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Raised 8 months ago
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Funding summaryUpdated 5 Nov 2026
$12Mraised across 2 rounds since 2024, from 4 sources
Each circle is a round, placed by date and sized by amount. The line above is the running total.
Reported by Startup Daily and 2 others
From MGA Thermal's own website: 2 founders, 9 on the team.
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
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These 3 firms list MGA Thermal as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
MGA Thermal's investors include IP Group Australia, IP Group, Australian Renewable Energy Agency (ARENA), Main Sequence Ventures and Electrifi Ventures, and 1 more on record. IP Group Australia led its latest round.
MGA Thermal has raised $12M across 2 rounds since 2024.
MGA Thermal's most recent round was a Venture of $12M in Mar 2026, led by IP Group Australia.
Its most recent round, $12M in Mar 2026, is also its largest on record.
MGA Thermal's first round on record, in Dec 2024, was backed by Electrifi Ventures and Climate Salad.
MGA Thermal's latest named round is a Venture, in Mar 2026.
MGA Thermal is based in Australia.
IP Group Australia led the Venture in 2026.
In the same sector, and raised in the last eighteen months.
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Australia · 
