About evoMAG
evoMAG is a company based in Bucharest (Romania) founded in 2005. evoMAG has raised $2.26 million across 2 funding rounds from investors including Catalyst Romania. evoMAG offers products and services including Laptops, Smartphones, Televisions, Sound Systems, and Refrigerators. evoMAG operates in a competitive market with competitors including Newegg, 2net Computer, Mobiup, ITELmobile and Shoppix, among others.
- Headquarter Bucharest, Romania
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Sectors
Retail
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Evolution Systems Srl
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.26 M (USD)
in 2 rounds
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Latest Funding Round
$2.03 M (USD), Seed
Aug 17, 2022
- Investors
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Employee Count
Not available
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Products & Services of evoMAG
evoMAG offers a comprehensive portfolio of products and services, including Laptops, Smartphones, Televisions, Sound Systems, and Refrigerators.
Devices for computing and productivity tasks
Mobile devices for communication and apps
Displays for viewing media and entertainment
Speakers and systems for music playback
Units for food storage and cooling
Funding Insights of evoMAG
evoMAG has successfully raised a total of $2.26M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.03 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in evoMAG
evoMAG has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Catalyst Romania.
| Investor | Description | Founded Year | Domain | Location |
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Catalyst Romania is recognized as a technology-focused venture capital firm.
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Investor details for evoMAG
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Investments & Acquisitions by evoMAG
Investment portfolio details for evoMAG
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- Transaction dates
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Financial Statements - evoMAG
Detailed financials for evoMAG
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- Historical revenue
- Profit trends
- Statement rows
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Evomag Comparisons
Peer comparison for evoMAG
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of evoMAG
evoMAG operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Newegg, 2net Computer, Mobiup, ITELmobile and Shoppix, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category electronic products are sold via an online marketplace.
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Online retailer offering multi-category consumer electronic products
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Manages an e-commerce store offering multi-category electronics products.
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An e-commerce store offering a wide range of consumer electronic products.
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App-based retailer offering multi-category fashion products for men and women
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Detailed competitors of evoMAG
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Evomag
Complete news archive for evoMAG
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Frequently Asked Questions about evoMAG
evoMAG was founded in 2005 and raised its 1st funding round 17 years after it was founded.
evoMAG is headquartered in Bucharest, Romania.
Mihai Patrascu is the current CEO of evoMAG.
evoMAG is a funded company, having raised a total of $2.26M across 2 funding rounds to date.
evoMAG was founded in 2005 and is headquartered in Bucharest, Romania. Consumer electronics are retailed through an online platform at evomag.ro, with a catalog encompassing smartwatches, earphones, laptops, tablets, smartphones, computers, gaming consoles, home appliances, printers, personal care devices, electric vehicles, and cameras. Additional items such as home decor, baby care products, sports equipment, and beauty care products are also provided. The CEO role is held by Mihai Patrascu.
evoMAG's top competitors include Newegg, Shoppix and 2net Computer.
evoMAG offers Laptops, Smartphones, Televisions, Sound Systems, and Refrigerators.
evoMAG has 1 investor. Key investors include Catalyst Romania.