United States · Mining & metals startup

Magrathea

Magrathea is a cleantech and frontier industrial technology company founded in 2022 in California.

Funding reportedLast round: Seed

Mining & metalsOakland, United States

About Magrathea

Magrathea is a cleantech and frontier industrial technology company founded in 2022 in California.

Established by chemical engineers Alex Grant and Jacob Brown, the company focuses on creating a low-carbon alternative to traditional metal extraction. Magrathea specializes in producing carbon-neutral magnesium metal and other light metals directly from seawater and brines through an advanced electrolytic process. This innovative approach aims to reduce the environmental impact of industries such as automotive, defense, and manufacturing. The company operates a pilot facility in Oakland, California, where it has successfully demonstrated its technology. Magrathea has secured over $100 million in funding from private investors and government partnerships, including a significant collaboration with the U.S. Department of Defense. Its product offerings include high-purity magnesium, rare earth materials, and electrolyzer machinery, all designed to support sustainable infrastructure and the electrification of various sectors. Magrathea is committed to enhancing supply chain resilience and promoting environmental sustainability through its mining-free metal production methods.

What company datasets say Magrathea raised

Funding, as reported

Reported in all$24Min dollars
Rounds2
Last roundSeed
Last round size$24M
Last round dateJun 2023
Investors listed21

Founders and team

From Magrathea's own website: 2 on the team.

  • Alex GrantCEO
  • Jason RosalliCTO

On 8 portfolio pages

Investors who name them

Each firm lists Magrathea on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

magnesiumfoundryelectrolysisaluminumprimary metal manufacturingbrineb2blight metalmining & metalshydrometallurgymetallurgy

Built with from their website

Amazon CloudFrontSquarespace ECommerceClarity SDMMailChimpCloudFlareViewport MetaWebflow HostingCloudFlare CDNCAPTCHAGoogle Font API

+8 more

Microsoft ExchangeUnpkgMicrosoft 365 Apps & ServicesMobile FriendlyGreenhouseOpen GraphjQuerySquarespace

Sector
Mining & metals
Industry code
NAICS 331
Region
California
Revenue
$1.4M a year, as listed
Full record
Every detail in the company directory

Mining & metals in United States

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