About MagaLoop
MagaLoop is a Retail company based in Berlin (Germany) founded in 2018 by Oliver Ruschpler, Michael Hogemann, and Luca Ongaro. Multi-category products are provided via an app-based B2B marketplace. 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. Its focus areas include B2B E-Commerce, Food & Beverages, Groceries and Processed Products. Its legal entity is magaloop GmbH. Its competitors include Torg, foodcircle and kollex; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Berlin, Germany
- Employees 15
- Founders Oliver Ruschpler, Michael Hogemann, Luca Ongaro
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website magaloop.com
- Social LinkedIn X Facebook
- Legal Name Magaloop Gmbh
- Total Equity Funding$16.61M (USD)
in 3 rounds
- Latest Funding Round$9.48M (USD), Series A
May 2022
- InvestorsFJ Labs
& 7 more
- Employee Count15
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 $16.61M
- Total Rounds 3
- Last Round Series A — $9.48M
- Investors Count 8
All 3 funding rounds of MagaLoop with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $9.48M | Series A | – | Market One Capital, FoodLabs | |
| Mar 2021 | $7.13M | Series A | – | Redalpine | |
| Sep 2020 | Seed | – | Market One Capital, Piton Capital | – |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on Europe based marketplaces, SaaS, and B2B software startups | moc.vc | Warsaw, Poland | ||
FoodLabs is engaged in supporting food innovation startups. | foodlabs.com | Berlin, Germany | ||
Early-stage investments are directed toward ICT and health tech startups. | redalpine.com | Zurich, Switzerland | ||
Venture capital investments are provided to innovative, sustainable startups. | bitburger-ventures.de | Bitburg, Germany | ||
Corporate advisory and venture capital firm focused on series B and C stages of tech companies | fuseventure.partners | London, United Kingdom | ||
Venture capital firm backed by Pernod Ricard | convivialite-ventures.com | San Francisco, United States | ||
European stage agnostic VC firm | pitoncap.com | London, United Kingdom | ||
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States |
Investor details for MagaLoop
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of MagaLoop
3 people are tracked at MagaLoop (3 in leadership); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
Oliver Ruschpler | Co-Founder | Leadership |
Michael Hogemann | Co-Founder & Managing Director | Leadership |
Luca Ongaro | Co-Founder & CTO | Leadership |
Complete people profiles for MagaLoop
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Timeline of MagaLoop
3 dated milestones of MagaLoop across 4 years, from founding to its latest funding, stage changes and deals.
- Founded MagaLoop is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $9.5M.
Competitors of MagaLoop
MagaLoop has 3 listed competitors in our database, 1 of them funded. They include Torg, foodcircle and kollex.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| usetorg.com | 2022 | Berlin, Germany | $2.93M | Food and beverage trading is facilitated through an online marketplace. | ||
| foodcircle.com | 2018 | Berlin, Germany | 10 | A digital wholesale platform for organic foods is operated. | ||
| kollex.de | 2018 | Berlin, Germany | App for ordering supplies from multiple providers for gastronomy businesses. |
Detailed competitors of MagaLoop
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Related news about Magaloop
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Frequently Asked Questions about MagaLoop
MagaLoop was founded in 2018 and raised its 1st funding round 2 years after it was founded.
MagaLoop is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
MagaLoop is a funded company, having raised a total of $16.61M across 3 funding rounds to date.
MagaLoop has 15 employees.
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.
MagaLoop's top competitors include Torg, foodcircle and kollex.
MagaLoop has 8 investors. Key investors include FJ Labs, Market One Capital, FoodLabs, Redalpine, and Simon Capital.
MagaLoop operates through Magaloop Gmbh.