Magma
A tech enabled cross border B2B marketplace for building materials.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $5.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Magma Factory operates as a B2B manufacturing platform, facilitating factories in accessing global demand and procuring quality raw materials. The company serves manufacturers looking to expand their business reach and improve supply chain efficiency. Operating in the manufacturing sector, Magma Factory leverages its platform to connect buyers and suppliers, offering features like global buyer recommendations and order tracking. The business model revolves around providing a comprehensive solution for manufacturers to streamline operations and enhance market presence. Revenue is generated through platform subscriptions and transaction fees. The company has secured $3.3M in funding led by General Catalyst, underscoring its growth potential and market relevance.
Keywords: B2B, manufacturing, platform, global demand, raw materials, procurement, supply chain, factories, subscriptions, funding.