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GlassPoint receives $2.5M in a Series A financing round led by MIG Capital for solar steam facilities.

PRIVATEJul 02, 2024

Amount Raised

$2.5 Million

Round Type

Series A

New YorkManufacturingEnergyRenewable EnergySolar

Investors

Tomas SigurdssonMalcolm Turnbull300 PpmMIG Capital

Description

German VC firm MIG Capital has invested $2.5 million in cleantech company GlassPoint to drive the adoption of its technology for reducing carbon emissions in hard-to-abate industries such as mining and metals, chemicals, construction materials, and desalination.

Quick answer

GlassPoint raised $2.5 Million in a Series A round, dated July 2, 2024. Investors: Tomas Sigurdsson, Malcolm Turnbull, 300 Ppm and MIG Capital. GlassPoint is based in New York, New York, United States.

How much did GlassPoint raise?
GlassPoint raised $2.5 Million in a Series A round on July 2, 2024.
Who invested in GlassPoint?
Tomas Sigurdsson, Malcolm Turnbull, 300 Ppm and MIG Capital are named as investors in this round.
What does GlassPoint do?
GlassPoint is the leader in solar industrial process heat, with its technology powering 60% of the world's solar industrial steam capacity.
Where is GlassPoint based and how big is it?
GlassPoint is based in New York, New York, United States.
Who are the decision-makers at GlassPoint?
Fundz holds 1 contact at GlassPoint. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as GlassPoint that raised within 45 days of this round, from Fundz verified event records.

  • Naked Energy raised $22M (Series B) on July 15, 2024.
  • Aptera Motors raised $134K (Seed) on June 6, 2024.
  • Aalo raised $27M (Series A) on August 15, 2024.
  • Gaussion raised $12M (Series A) on August 12, 2024.
  • Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
  • Dcubed raised an undisclosed amount (Series A) on August 5, 2024.

Who to call at GlassPoint, and when

A new round usually means GlassPoint is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day GlassPoint raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at GlassPoint, from your own LinkedIn network

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Company Information

Company

GlassPoint

Location

New York, New York, United States

About

GlassPoint is the leader in solar industrial process heat, with its technology powering 60% of the world's solar industrial steam capacity. With the only solar industrial process heat solution proven at scale, GlassPoint delivers superior unit economics compared to fossil fuels and electrification. GlassPoint is helping industrial organizations significantly lower costs while delivering a reliable source of carbon-free steam. The company builds, owns and operates large-scale solar steam facilities to reduce carbon emissions in hard-to-abate industries such as mining and metals, chemicals, construction materials, oil and gas, desalination and more.

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Fundz sees it the moment GlassPoint raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

GlassPoint raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.