Fundraising FoxMagplasma
Brighton, US · 1 known investors
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MagPlasma develops plasma-based technologies that replace conventional heat and chemical processes in applications including air purification, sterilization, and material processing. The company targets industries seeking cleaner and more energy-efficient alternatives to traditional methods.
Founders & leadership
MT
Martin ToomajianCEOMartin Toomajian is CEO of MagPlasma, which develops plasma-based technologies for air purification, sterilization, and material processing. He has held leadership roles across chemical manufacturing, renewable energy, defense, environmental, and health industries.
JC
Jane CozzarelliCFO
Board
SP
Spencer PughBoard Member, R&D Committee Leader
Investors · 1
Michigan Riselisted by Michigan RiseEast Lansing · $50K – $150K
How we know: the VCSheet dataset · Not right? Tell us
Non-dilutive funding · 2 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Department of Homeland Security | Phase II | 2022 | $997.2K |
| Department of Homeland Security | Phase I | 2021 | $148.8K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does Magplasma do?
- MagPlasma develops plasma-based technologies that replace conventional heat and chemical processes in applications including air purification, sterilization, and material processing. The company targets industries seeking cleaner and more energy-efficient alternatives to traditional methods.
- Who are Magplasma's investors?
- Magplasma's investors include Michigan Rise.
- Where is Magplasma headquartered?
- Magplasma is headquartered in Brighton, US.