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apheros

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High surface area metal foams for thermal, catalysis, and battery applications

Zurich, SwitzerlandFounded 2023Energy
Valuation $5–10M Last recorded · 2024
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
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About apheros

Apheros AG is a thermal management company addressing the escalating energy consumption of data centers and high-power computing industries. Founded in August 2023 as a spin-off from ETH Zurich, the firm is strategically positioned within the rapidly expanding liquid cooling market, a segment propelled by the growth of artificial intelligence and high-performance computing. The business model centers on providing advanced cooling solutions that can be easily integrated into customers' existing systems, offering a direct path to reduced energy consumption and lower operational costs.

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The company was co-founded by CEO Dr. Julia Carpenter and CTO Dr. Gaëlle Andreatta. Dr. Carpenter's work on the novel metal foam manufacturing process earned her recognition as one of MIT Technology Review's "Innovators Under 35" and one of Switzerland's "Top 10 Founders to Watch". Dr. Andreatta contributes over 16 years of experience in R&D, technology transfer, and startup development, creating a leadership team with deep expertise in materials science and commercialization.

Apheros' core product is a high-performance metal foam created through a patented and scalable manufacturing process. This material features a unique structure with completely open porosity and an exceptionally high surface area—reportedly up to 1,000 times greater than traditional solutions—which translates into superior heat transfer and fluid flow properties. Designed for liquid and two-phase cooling applications, these foams facilitate more efficient heat dissipation. A key benefit is their seamless integration as a drop-in replacement for existing thermal management components, allowing clients to upgrade their cooling capabilities without undertaking a complete system redesign. In August 2024, Apheros secured $1.85 million in a pre-seed funding round led by Founderful to scale production, enhance R&D, and expand its market presence.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2023
Headquarters
Zurich, Switzerland
Employees
14
Open positions
None listed
Dealroom signal
76.8/100
Sub-industry
Energy Efficiency, Energy Storage
Sector
Energy, Spinout, Sustainable Development Goals, Cooling Tech, Urban Tech, Space Tech, Thermal Engineering, Advanced Materials, Climate Tech
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEED✓Equity / VC Aug 2024 $1.9M $7.4M Founderful ↗
SUPPORT PROGRAM✓Other financing Jan 2024 $0 — Swissnex —
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Growth signals

apheros website traffic

Latest recorded traffic for apheros is 620 monthly website visits, up 17% over the last three months. apheros's team grew 40% over the past year.

Latest monthly visits620 3-month web change+17% 1-year team growth+40%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
MagnoThermMagnoTherm develops technologies that can replace typical gas compression cooling or heating solutions. It meets current and future EU F-gas rules, is explosion-free, and is nonflammable Darmstadt, Germany Operational 31 $18M $30M
AlbothermTemperature-responsive coatings for passive building cooling Bristol, United Kingdom Operational
Skycool SystemsSkycool Systems is improving the efficiency of all cooling systems by harnessing an untapped renewable resource Mountain View, United States Operational
NelumboNelumbo is Providing radical, lasting technological improvements to the heating and cooling industry Hayward, United States Acquired
PascalDeveloping a novel class of solid refrigerants poised to transform the heating, ventilation, and air conditioning (HVAC) industry Cambridge, United States Operational
UP CatalystUP Catalyst produces sustainable carbon nanomaterials directly from CO2 or from waste biomass for a vast range of applications ranging from green advanced battery technologies to biomedicine Tallinn, Estonia Operational
ExergynWe are developing the world’s first solid state, emission and refrigerant free heat pump. Dublin, Ireland Operational
Helix Earth TechnologiesNovel technology from space for commercial air conditioning Houston, United States Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Venture Kick
  • Founderful

Other known investors3 additional known investors

  • ETH Zurich
  • Swissnex
  • Stage Two
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇭 Switzerland81.8%
🇫🇷 France18.2%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about apheros on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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