Theva, an Ismaning, Germany-based superconductors provider, secured €6.4m in funding.
The round was led by eCapital, with participation from the Bavarian Growth Fund administered by Bayern Kapital GmbH, Target Partners and the Bayerische Beteiligungsgesellschaft.
The company intends to use the funds to enable further growth.
Founded in 1996, Theva produces high-temperature superconductors (HTS) for transmission of extremely high electric current in high-performance applications to serve manufacturers of cables, power switches, large electric drives and power rails. In addition, Theva develops high-end solutions in coating technology and equipment engineering.
The company has around 50 employees.