A new class of rare-earth-free permanent magnets is proposed. The parent compound of this class is Co3Mn2Ge, and its discovery is the result of first principles theory combined with experimental synthesis and characterisation. The theory is based on a high-throughput/data-mining search among materials listed in the ICSD database. From ab-initio theory of the defect free material it is predicted that the saturation magnetization is 1.71 T, the uniaxial magnetocrystalline anisotropy is 1.44 MJ/m 3 , and the Curie temperature is 700 K. Co3Mn2Ge samples were then synthesized and characterised with respect to structure and magnetism. The crystal structure was found to be the MgZn2-type, with partial disorder of Co and Ge on the crystallographic lattice sites. From magnetization measurements a saturation polarization of 0.86 T at 10 K was detected, together with a uniaxial magnetocrystalline anisotropy constant of 1.18 MJ/m 3 , and the Curie temperature of TC = 359 K. These magnetic properties make Co3Mn2Ge a very promising material as a rare-earth free permanent magnet, and since we can demonstrate that magnetism depends critically on the amount of disorder of the Co and Ge atoms, a further improvement of the magnetism is possible. From the theoretical works, a substitution of Ge by neighboring elements suggest two other promising materials -Co3Mn2Al and Co3Mn2Ga. We demonstrate here that the class of compounds based on T3Mn2X (T = Co or alloys between Fe and Ni; X=Ge, Al or Ga) in the MgZn2 structure type, form a new class of rare-earth free permanent magnets with very promising performance.