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
*********
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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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(01 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Seed - evoMAG | Valuation | Catalyst Romania |
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| Jun, 2022 | Amount | Seed - evoMAG | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in evoMAG
evoMAG has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Catalyst Romania. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by evoMAG
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - evoMAG
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evomag Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category electronic products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Online retailer offering multi-category consumer electronic products
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering multi-category electronics products.
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| domain | founded_year | HQ Location |
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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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evomag
Frequently Asked Questions about evoMAG
When was evoMAG founded?
evoMAG was founded in 2005 and raised its 1st funding round 17 years after it was founded.
Where is evoMAG located?
evoMAG is headquartered in Bucharest, Romania.
Who is the current CEO of evoMAG?
Mihai Patrascu is the current CEO of evoMAG.
Is evoMAG a funded company?
evoMAG is a funded company, having raised a total of $2.26M across 2 funding rounds to date. The company's 1st funding round was a Seed of $226.84K, raised on Jun 01, 2022.
What does evoMAG do?
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.
Who are the top competitors of evoMAG?
evoMAG's top competitors include Newegg, Shoppix and 2net Computer.
What products or services does evoMAG offer?
evoMAG offers Laptops, Smartphones, Televisions, Sound Systems, and Refrigerators.
Who are evoMAG's investors?
evoMAG has 1 investor. Key investors include Catalyst Romania.
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