About magicJack
magicJack is a company based in Jerusalem (Israel) founded in 2007 was acquired by B. Riley Financial in November 2018.. magicJack has completed 1 acquisition, including Broadsmart. magicJack operates in a competitive market with competitors including Jaxtr, Boss Revolution, Norwood Systems, Libon and Shenzhen Uxin Internet Technology, among others.
- Headquarter Jerusalem, Israel
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Sectors
Telecommunications
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
B. Riley Financial
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
B. Riley Financial
(Nov 07, 2018)
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Funding Insights of magicJack
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2011 | Amount | Private Equity Round - magicJack | Valuation |
investors |
| 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 magicJack
magicJack has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include B. Riley Financial and Palm Beach Capital. 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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Palm Beach Capital is engaged in private equity investments for growth-oriented companies in the U.S. lower middle market.
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Founded Year | Domain | Location | |
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Mergers, acquisitions, capital raising, and strategic advisory services are provided.
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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 magicJack
magicJack has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Broadsmart. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Telecommunications services are provided by Broadsmart in the United States.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - magicJack
| 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 |
Magicjack Comparisons
Competitors of magicJack
magicJack 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 Jaxtr, Boss Revolution, Norwood Systems, Libon and Shenzhen Uxin Internet Technology, 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 |
VOIP services for international calls to mobile phones are provided.
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| domain | founded_year | HQ Location |
Prepaid international calling and mobile top-up services are offered.
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| domain | founded_year | HQ Location |
Cost-effective mobile roaming voice, messaging and data services provider
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| domain | founded_year | HQ Location |
Free calls, messages & a visual voicemail
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| domain | founded_year | HQ Location |
VoIP services are provided through a mobile internet application.
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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 Magicjack
Frequently Asked Questions about magicJack
When was magicJack founded?
magicJack was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is magicJack located?
magicJack is headquartered in Jerusalem, Israel. It is registered at Jerusalem, Jerusalem District, Israel.
Who is the current CEO of magicJack?
Don Bell is the current CEO of magicJack.
What does magicJack do?
magicJack was founded in 2007 and is headquartered in Jerusalem, Israel. Operations focus on the telecommunications sector through VoIP technology. Internet phone services enable free app-to-app calls among users in any country and app-to-phone calls to destinations in the US and Canada. Key products include MagicJack Go and MagicJack Express as internet modems, the Magic App for mobile use, and power banks for device support.
Who are the top competitors of magicJack?
magicJack's top competitors include Boss Revolution, Norwood Systems and Libon.
How many acquisitions has magicJack made?
magicJack has made 1 acquisition, including Broadsmart.
Who are magicJack's investors?
magicJack has 2 investors. Key investors include B. Riley Financial, and Palm Beach Capital.
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