About Magazino
Magazino is a company based in Munchen (Germany) founded in 2014 was acquired by Jungheinrich in August 2023.. Magazino has raised $50.11 million across 7 funding rounds from investors including Zalando, Jungheinrich and Fiege Logistics. Magazino offers products and services including SOTO, TORU, and ACROS AI. Magazino operates in a competitive market with competitors including Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others.
- Headquarter Munchen, Germany
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing Technology
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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 Magazino 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
$50.11 M (USD)
in 7 rounds
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Latest Funding Round
$149.16 K (USD), Grant
Jan 01, 2021
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Investors
Zalando
& 9 more
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Employee Count
Employee Count
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Acquired by
Jungheinrich
(Aug 23, 2023)
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Products & Services of Magazino
Magazino offers a comprehensive portfolio of products and services, including SOTO, TORU, and ACROS AI. 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.
Autonomous robot for intelligent line-feeding in industrial production processes.
Mobile robot for intelligent commissioning of shoe cartons in logistics.
AI-based system for operating cooperative robots in intralogistics tasks.
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Funding Insights of Magazino
Magazino has successfully raised a total of $50.11M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $149.16 thousand completed in January 2021. 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 7
- Last Round Grant — $149,157
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First Round
First Round
(26 May 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Grant - Magazino | Valuation |
investors |
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| Oct, 2020 | Amount | Grant - Magazino | Valuation |
investors |
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| Sep, 2020 | Amount | Series B - Magazino | Valuation | Jungheinrich India , European Investment Bank |
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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 Magazino
Magazino has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Zalando, Jungheinrich and Fiege Logistics. 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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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Venture investments in systems, infrastructure, and applications for enterprise founders.
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Founded Year | Domain | Location | |
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Early-stage investments are made in high-tech startups by HTGF.
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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 Magazino
| 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 - Magazino
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Magazino Comparisons
Competitors of Magazino
Magazino 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 Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, 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 |
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| domain | founded_year | HQ Location |
AI and cloud-driven automation is delivered for warehouse material handling.
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| domain | founded_year | HQ Location |
AI-enabled robotic grippers for object picking are provided.
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| domain | founded_year | HQ Location |
Provider of a pick and place robot for e-commerce applications
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| domain | founded_year | HQ Location |
AI and SaaS-based robots for warehouse automation are provided.
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| domain | founded_year | HQ Location |
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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| domain | founded_year | HQ Location |
Autonomous mobile robots are supplied for warehouse operations.
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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 Magazino
Frequently Asked Questions about Magazino
When was Magazino founded?
Magazino was founded in 2014.
Where is Magazino located?
Magazino is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is Magazino a funded company?
Magazino is a funded company, having raised a total of $50.11M across 7 funding rounds to date. The company's 1st funding round was a Series B of $24.53M, raised on May 26, 2014.
What does Magazino do?
Founded in 2014 in Munich, Germany, the company focuses on AI robotics within the logistics sector. Autonomous mobile pick-and-place robots for warehouses are produced, along with picking robots and AI software for AGV control and navigation. Applications extend to industrial production, e-commerce, agriculture, cleaning, and intralogistics. Clients such as Zalando and DHL are served through these offerings.
Who are the top competitors of Magazino?
Magazino's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.
What products or services does Magazino offer?
Magazino offers SOTO, TORU, and ACROS AI.
Who are Magazino's investors?
Magazino has 10 investors. Key investors include Zalando, Jungheinrich, Fiege Logistics, European Investment Bank, and European Union.
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