About MagaLoop
MagaLoop is a company based in Berlin (Germany) founded in 2018 by Oliver Ruschpler, Michael Hogemann, and Luca Ongaro.. MagaLoop has raised $16.61 million across 3 funding rounds from investors including FJ Labs, Market One Capital and FoodLabs. The company has 15 employees as of December 31, 2020. MagaLoop operates in a competitive market with competitors including Torg, foodcircle, Ablife, kollex and WEGOTRADE, among others.
- Headquarter Berlin, Germany
- Employees 15 as on 31 Dec, 2020
- Founders Oliver Ruschpler, Michael Hogemann, Luca Ongaro
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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
*********
- Legal Name Magaloop Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.61 M (USD)
in 3 rounds
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Latest Funding Round
$9.48 M (USD), Series A
May 12, 2022
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Investors
FJ Labs
& 7 more
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Employee Count
15
as on Dec 31, 2020
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Funding Insights of MagaLoop
MagaLoop has successfully raised a total of $16.61M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9.48 million completed in May 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 3
- Last Round Series A — $9.5M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - MagaLoop | Valuation | Market One Capital , FoodLabs | |
| Mar, 2021 | Amount | Series A - MagaLoop | Valuation | Redalpine | |
| Sep, 2020 | Amount | Seed - MagaLoop | Valuation | Market One Capital , Piton Capital |
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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 MagaLoop
MagaLoop has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include FJ Labs, Market One Capital and FoodLabs. 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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Venture capital fund focused on Europe based marketplaces, SaaS, and B2B software startups
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Founded Year | Domain | Location | |
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FoodLabs is engaged in supporting food innovation startups.
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Founded Year | Domain | Location | |
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Early-stage investments are directed toward ICT and health tech startups.
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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 MagaLoop
| 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 - MagaLoop
| 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 |
Magaloop Comparisons
Competitors of MagaLoop
MagaLoop 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 Torg, foodcircle, Ablife, kollex and WEGOTRADE, 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 |
Food and beverage trading is facilitated through an online marketplace.
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| domain | founded_year | HQ Location |
A digital wholesale platform for organic foods is operated.
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| domain | founded_year | HQ Location |
Delivers comprehensive retail store aggregation solutions for businesses.
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| domain | founded_year | HQ Location |
App for ordering supplies from multiple providers for gastronomy businesses.
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| domain | founded_year | HQ Location |
B2B platform for food industry sales, ordering, and payments online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Magaloop
Frequently Asked Questions about MagaLoop
When was MagaLoop founded?
MagaLoop was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is MagaLoop located?
MagaLoop is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is MagaLoop a funded company?
MagaLoop is a funded company, having raised a total of $16.61M across 3 funding rounds to date.
How many employees does MagaLoop have?
As of Dec 31, 2020, the latest employee count at MagaLoop is 15.
What does MagaLoop do?
MagaLoop was established in 2018 and is based in Berlin, Germany. A B2B marketplace is managed through a mobile app, where products across categories including food and beverages, gas stations, bakery goods, confectionery, and tobacco items are listed. Access is enabled for Android and iOS devices, supporting wholesale transactions between businesses.
Who are the top competitors of MagaLoop?
MagaLoop's top competitors include Torg, foodcircle and Vegshelf.
Who are MagaLoop's investors?
MagaLoop has 8 investors. Key investors include FJ Labs, Market One Capital, FoodLabs, Redalpine, and Simon Capital.