Fundraising Fox
Malta Inc
Cambridge, US · Founded 2018 · Delaware corporation · 516 employees on LinkedIn · 6 known investors
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Malta Inc. develops a steam-based ultra-high temperature heat pump that delivers 300–550°C process heat for industrial decarbonization and serves as the core technology for its utility-scale long-duration energy storage system. It targets heavy industry and energy infrastructure, including chemicals, iron and steel, refining, and power generation.
Founders & leadership
Board
Investors · 6
How we know: funding news · Not right? Tell us
How we know: Piva Capital's portfolio page · a partner's Signal profile · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
Also in the syndicate · 3
Funding
SEC filings, press & company announcements$106.5M disclosed across 3 of 5 rounds · 2018–2025
- Undisclosed amountSeries ADec 2018
Breakthrough Energy Ventures (BEV) (lead), Alfa Laval, Concord New Energy Group
Source ↗
▶$24MraisedJan 2026 · 2 investors · Other EnergyRule 506(b)
- Jesus Santos EgeaDirector
- Gonzalo ZubiriaDirector
- Phil DellevilleExecutive Officer, Director
- Offering amount
- $24M
- Amount sold
- $24M
- First sale
- Dec 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$21.6MraisedDec 2023 · 5 investors · Other EnergyRule 506(b)
- Ramya SwaminathanExecutive Officer, Director
- Steve HirshDirector
- Alexandra PrunerDirector
- Jeannine SargentDirector
- Alex SyedDirector
- Offering amount
- $75M
- Amount sold
- $21.6M
- First sale
- Nov 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶Undisclosed amountofferedJan 2022 · 1 investors · Other EnergyRule 506(b)
- Alex SyedDirector
- Ramya SwaminathanExecutive Officer, Director
- Steven HirshDirector
- Jeannine SargentDirector
- First sale
- Dec 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$60.9MraisedAug 2021 · 6 investors · Other EnergyRule 506(b)
- Jeannine SargentDirector
- Ramya SwaminathanExecutive Officer, Director
- Alex SyedDirector
- Steve HirshDirector
- Offering amount
- $60.9M
- Amount sold
- $60.9M
- First sale
- Feb 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Malta Inc went on to found or lead other companies.
Related companies · 3
Companies working in the same space as Malta Inc.
In the news
Frequently asked questions
- What does Malta Inc do?
- Malta Inc. develops a steam-based ultra-high temperature heat pump that delivers 300–550°C process heat for industrial decarbonization and serves as the core technology for its utility-scale long-duration energy storage system. It targets heavy industry and energy infrastructure, including chemicals, iron and steel, refining, and power generation.
- Who are Malta Inc's investors?
- Malta Inc's investors include Breakthrough Energy Ventures, Piva Capital, PETRONAS Ventures.
- How much funding has Malta Inc raised?
- Malta Inc has disclosed $106.5M raised across 3 of its 5 known rounds.
- Where is Malta Inc headquartered?
- Malta Inc is headquartered in Cambridge, US.