Portfolio — Climate

Thermafold

Rip out the gas boiler. Keep the process.

Seed 2024 · $6.5M Climate Rotterdam, Netherlands

Thermafold builds heat pumps that actually reach the temperatures food and chemical lines need, so a plant can retire its gas boiler without redesigning the whole line. The units ship as skids and stack to match whatever a site's load happens to be.

Process heat is one of the least glamorous, hardest-to-abate slices of industrial emissions, and most of the answers on offer are a decade out. Sofie's is a retrofit you can bolt on this year. We'll take the boring, installable version every time.

Thermafold

  • Seed · 2024Stage
  • $6.5MRound
  • ClimateSector
  • Rotterdam, NetherlandsHeadquarters
  • 22Team
The founder

Sofie Bakker

Co-founder & CEO

Sofie designed industrial refrigeration for years before deciding the more interesting problem was running the same cycle in reverse, hot enough to matter. Thermafold is that idea, shipped as hardware.

How it's gone
  • 2024

    We came in

    Seed round, first modular units running on a food-processing line.

  • 2025

    The numbers

    Showed the fuel-switching economics hold up at real pilot sites.

  • 2025

    Repeatable

    Standardising the skid so the next install isn't a science project.

An illustrative 99SA Ventures profile — founder, team and figures stand in until the company shares its own.

Building something that has to work without a subsidy?

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