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Magrathea
AddedFeb 15, 2024
UpdatedJun 18, 2026
Magrathea

Magrathea

Seed

Magrathea Metals: A mining company advancing civilization while minimizing socioenvironmental impacts.

HQ
San Francisco, CA, US
Founded
2022
Overview
Compare
Fundraising
Employees
Website

Magrathea Metals was founded with the core mission of advancing human civilization by minimizing the socioenvironmental impacts associated with metal production. The company focuses on creating structural metals, such as steel and aluminum, without traditional mining processes, thereby significantly reducing carbon emissions and environmental degradation. Their innovative approach aims to address the substantial 10% contribution of metal production to global carbon emissions, targeting industries reliant on these essential materials.

Notable figures affiliated with Magrathea Metals include experts in sustainable engineering and environmental science, although specific names are not provided. The company has achieved significant milestones in developing eco-friendly metal production technologies, positioning itself as a leader in sustainable industrial practices. Magrathea Metals' impact is evident in its potential to revolutionize the metal industry by offering a viable alternative to conventional mining, thereby contributing to global efforts in combating climate change.

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Magrathea - Quick Facts

Who are Magrathea's competitors?

Companies similar to Magrathea include Boston Metal, Rio Tinto, Impossible Metals and Foundation Alloy.

When was Magrathea founded?

Magrathea was founded in 2022.

Where is Magrathea's headquarters located?

Magrathea's headquarters is located in San Francisco, CA, US.

When was Magrathea's last funding round?

Magrathea's most recent funding round was for $10M (USD) in June 2023.

How much has Magrathea raised to-date?

As of Jun 7, 2023, Magrathea has raised a total of $12M (USD).

How many employees does Magrathea have?

Magrathea has 11 employees as of Feb 5, 2024.

Magrathea - Classification

Ownership
  • Venture Capital
Technology
  • Cleantech
Geographic Exposure
  • Global
Revenue
  • Recurring
Main Product
  • Structural Metal
Tags
  • SaaS
NAICS
  • 210000Mining, Quarrying, and Oil and Gas Extraction
  • 212000Mining (except Oil and Gas)
  • 212200Metal Ore Mining
SIC
  • 1000Metal Mining
Show 2 more industry codes
NAICS
  • 212100Coal Mining
SIC
  • 1200Coal Mining