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Therma: Funding, Investors & Team (Aug 2026)

While saving customers money on utility bills, food inventory loss, and human error, Therma° Cooling Intelligence PlatformTM dynamically reduces energy demand from cooling assets. The least understood main contributor to climate change, cooling, which includes refrigeration and HVAC, is thought to be responsible for 10% of the world's CO2 emissions.

www.hellotherma.com LinkedIn San Francisco, United States 51-100 employees
Total raised
$29.2M
Rounds
2
Latest
Series A
Feb 2023

Therma has raised $29.2M across 2 funding rounds on record, the most recent a Series A of $19.0M announced in Feb 2023.

That round is above the $10M median round size for Hardware companies tracked on FundedIQ over the last two years.

Therma Company Profile and Key Stats

Total funding raised
$29.2M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Series A
$19.0M in Feb 2023
Employees
51-100
reported band
Headquarters
San Francisco, United States

Latest funding round on record: Feb 2023.

Therma Funding Rounds

Date
Round
Amount
Series A
$19.0M
Undisclosed round
$10.2M

Therma raised $10.2M in an undisclosed round announced in Mar 2021.

1.9 years later, a Series A of $19.0M was announced in Feb 2023.

Therma Founders and Leadership Team

Name
Role
Contact
Manik Suri
CEO
Locked

Contact details for the Therma team: 1 of 1 has an email address on file.

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Therma Funding Compared to Other Hardware Startups

Segment
Companies
Median round
1,454
$10M
29,722
$7.5M
8,352
$15M

Therma's latest round of $19.0M is above the median round in Hardware. Medians cover the last 24 months of disclosed rounds.

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Therma Funding FAQs

What does Therma do?

While saving customers money on utility bills, food inventory loss, and human error, Therma° Cooling Intelligence PlatformTM dynamically reduces energy demand from cooling assets. The least understood main contributor to climate change, cooling, which includes refrigeration and HVAC, is thought to be responsible for 10% of the world's CO2 emissions.

How much funding has Therma raised?

Therma has raised $29.2M across 2 rounds on record. The most recent is a Series A of $19.0M announced in Feb 2023.

When did Therma last raise funding?

Therma's most recent funding round on record is a Series A of $19.0M, announced in Feb 2023.

Who is the CEO of Therma?

Manik Suri is listed as CEO at Therma.

Where is Therma headquartered?

Therma is based in San Francisco, California, United States.

How many employees does Therma have?

Therma is in the 51-100 employee band.

How does Therma's funding compare to other Hardware startups?

Therma's latest round of $19.0M is above the $10M median round size for Hardware companies on FundedIQ across 1,454 tracked companies over the last two years.

About FundedIQ's Therma Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Therma is left off this page rather than filled in.

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