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High Tech Series A Founded 2022

Magrathea Metals

Magrathea Metals manufactures carbon-neutral magnesium metal through the electrolysis of seawater, providing a sustainable alternative to conventional magnesium production methods. The company also provides recycling management, decarbonization, and hydrometallurgy services. Founded in 2022 and headquartered in San Francisco, United States, Magrathea Metals has raised $100M in Series A funding from investors…

📍 San Francisco, United States · Advanced Materials,

Funding snapshot

Last roundSeries A
Amount$24M
Date1 March 2026
Total raised$100M
Team size10

About

Magrathea Metals manufactures carbon-neutral magnesium metal through the electrolysis of seawater, providing a sustainable alternative to conventional magnesium production methods. The company also provides recycling management, decarbonization, and hydrometallurgy services. Founded in 2022 and headquartered in San Francisco, United States, Magrathea Metals has raised $100M in Series A funding from investors including Defense.gov, VoLo Earth Ventures, Capricorn, Valor Equity Partners, Exor Ventures, Counteract, EQT, Balerion Space Ventures, and Voyager. The company addresses the environmental impact of traditional magnesium production, which relies on energy-intensive processes primarily concentrated in China. By extracting magnesium from abundant seawater using renewable electricity, Magrathea enables domestic production of this critical lightweight metal for automotive, aerospace, and defense applications while eliminating the significant carbon emissions associated with conventional production methods.

Business model

Advanced Materials > Metal Based > Magnesium > From Sea Water

Institutional investors

Defense.gov VoLo Earth Ventures Capricorn Valor Equity Partners Exor Ventures Counteract HyperGuap Necessary Ventures The Untitled Ventures EQT OSTI Balerion Space Ventures WovenEarth Audacity Avila VC

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