Thermavance: Funding, Investors & Team (Oct 2026)
Thermavance specializes in providing climate control systems tailored to the needs of individuals, making it accessible for use in everyday life. The company offers innovative solutions such as graphene-based electrical heat pumping technology, which can be integrated into automotive seats and furniture. By harnessing heat from a person's body, Thermavance is able to provide customized heating and cooling. The company's technology incorporates a thermo-electric module combined with Graphene to efficiently transfer heat. Graphene, a material discovered in 2004, is made up entirely of carbon and possesses exceptional strength, lightness, flexibility, and heat-conducting properties. A thermoelectric module is a semiconductor device used to regulate heat flow, with the direction of heat transfer being reversible by changing the voltage polarity.
Thermavance has raised $1.6M across 3 funding rounds on record, the most recent an undisclosed round of $1.0M announced in Jun 2025.
That round is below the $7.5M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
Thermavance Company Profile and Key Stats
Latest funding round on record: Jun 2025.
Thermavance Funding Rounds
Thermavance raised $500k in an undisclosed round announced in May 2021.
3.5 years later, an undisclosed round of $60k was announced in Nov 2024.
7 months later, an undisclosed round of $1.0M was announced in Jun 2025.
Thermavance Founders and Leadership Team
No contact details are on record for this team yet.
Thermavance Funding Compared to Other Consumer Electronics Startups
Thermavance's latest round of $1.0M is below the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
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Thermavance Funding FAQs
What does Thermavance do?
Thermavance specializes in providing climate control systems tailored to the needs of individuals, making it accessible for use in everyday life. The company offers innovative solutions such as graphene-based electrical heat pumping technology, which can be integrated into automotive seats and furniture. By harnessing heat from a person's body, Thermavance is able to provide customized heating and cooling. The company's technology incorporates a thermo-electric module combined with Graphene to efficiently transfer heat. Graphene, a material discovered in 2004, is made up entirely of carbon and possesses exceptional strength, lightness, flexibility, and heat-conducting properties. A thermoelectric module is a semiconductor device used to regulate heat flow, with the direction of heat transfer being reversible by changing the voltage polarity.
How much funding has Thermavance raised?
Thermavance has raised $1.6M across 3 rounds on record. The most recent is an undisclosed round of $1.0M announced in Jun 2025.
When did Thermavance last raise funding?
Thermavance's most recent funding round on record is an undisclosed round of $1.0M, announced in Jun 2025.
Who founded Thermavance?
FundedIQ lists Chuck Cauchy (Founder) at Thermavance.
Who is the CEO of Thermavance?
Bill Myers is listed as CEO at Thermavance.
Where is Thermavance headquartered?
Thermavance is based in Traverse City, Michigan, United States.
How many employees does Thermavance have?
Thermavance is in the 11-50 employee band.
How does Thermavance's funding compare to other Consumer Electronics startups?
Thermavance's latest round of $1.0M is below the $7.5M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's Thermavance 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 Thermavance is left off this page rather than filled in.
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