What is HT Materials Science?
Founded in 2018, HT Materials Science is at the forefront of developing innovative sub-micron heat transfer fluid technology with its award-winning Maxwell 2020® product. This fluid is designed as a direct additive for both new and existing commercial and industrial heating and cooling systems. By enhancing heat transfer efficiency, Maxwell 2020® substantially reduces energy consumption and increases system capacity. The company operates with a global presence, maintaining offices in Dublin, Italy, New York, and London, positioning itself as a key player in the energy efficiency sector.
How much funding has HT Materials Science raised?
HT Materials Science has raised a total of $23.2M across 3 funding rounds:
Angel/Seed
$2.4M
Series A
$5.8M
Series A
$15M
Angel/Seed (2020): $2.4M with participation from Progress Tech Transfer Fund
Series A (2021): $5.8M led by Saudi Aramco and Progress Tech Transfer Fund
Series A (2023): $15M supported by ARaMCo Venture Management and Progress Tech Transfer Fund
Key Investors in HT Materials Science
ARaMCo Venture Management
ARaMCo Venture Management is a Mid Atlantic-based private equity firm focused on opportunistic and value-added investments, specializing in enhancing asset value through hands-on management and targeted investments across various sectors including exports, real estate, and services.
Progress Tech Transfer Fund
Progress Tech Transfer Fund is an entity operating within the Waste Treatment, Environmental Services & Recycling industry, headquartered in Luxembourg, and is involved in technology transfer initiatives.
Saudi Aramco
Saudi Aramco is a globally recognized energy and chemicals company, likely providing strategic backing and industry expertise to HT Materials Science's innovative heat transfer solutions.
What's next for HT Materials Science?
The substantial enterprise-level backing HT Materials Science has received, particularly the recent strategic investment, indicates a strong market validation and positions the company for accelerated scaling. This capital infusion is expected to fuel further research and development of its Maxwell 2020® technology, potentially expanding its applications and market reach. The company's strategic focus will likely involve enhancing its manufacturing capabilities, broadening its sales and distribution networks, and solidifying its position as a leader in energy-efficient thermal management solutions. Future growth may also involve strategic partnerships to integrate its technology into a wider array of industrial processes.
See full HT Materials Science company page
