About Magma Global
Magma Global is a company based in Portsmouth (United Kingdom) founded in 2009 by Martin Jones, Mike Boyd, and Damon Roberts, and was acquired by TechnipFMC in October 2021. Advanced composite subsea pipes for oil and gas are manufactured. Magma Global has raised $128.7 million across 5 funding rounds from investors including TechnipFMC, Victrex and Azimuth. Magma Global was last valued at $6.55 million in September 2010. Its chief executive, as recorded, is Martin Jones. Magma Global offers products and services including M-Pipe and Risers. Its legal entity is Magma Global Ltd.
Company details
Manufacturer of advanced composite subsea oil and gas pipes. These pipes utilize carbon fiber and polymer materials, offering advantages in weight, strength, corrosion resistance, and ease of deployment compared to traditional steel and flexible pipes. The technology simplifies subsea architecture and reduces installation time and costs. Applications include flowlines, jumpers, and risers for oil and gas extraction. The companys expertise extends to the design and manufacturing of these specialized pipes for use in demanding subsea environments.
- Headquarters Portsmouth, United Kingdom
- Founders Martin Jones, Mike Boyd, Damon Roberts
- Stage Acquired
- Website magmaglobal.com
- Social LinkedIn X YouTube
- Acquired by TechnipFMC (Oct 2021)
- Legal Name Magma Global Ltd
- Total Equity Funding$128.7M (USD)
in 5 rounds
- Latest Funding Round$12.7M (USD), Series C
Dec 2016
- InvestorsTechnipFMC
& 15 more
- Acquired byTechnipFMC
(Oct 2021)
Products & Services of Magma Global
Magma Global offers a comprehensive portfolio of products and services, including M-Pipe and Risers.
M-Pipe is manufactured as an advanced carbon fibre pipe that simplifies subsea oil and gas architecture and reduces costs through enhanced materials and processes.
Risers are provided as composite solutions for high-pressure applications in oil and gas exploration, drawing on expertise in materials and manufacturing.
Apps and channels of Magma Global
its YouTube channel MagmaGlobal has 150 subscribers and 30 videos.
Videos from Magma Global
The most watched videos on Magma Global's YouTube channel, MagmaGlobal (150 subscribers). Click a video to play it here.
More on MagmaGlobal.
Funding Insights of Magma Global
Magma Global has successfully raised a total of $128.7M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $12.7 million completed in December 2016. 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 $128.7M
- Total Rounds 5
- Last Round Series C — $12.7M
- First Round $4.7M
(Sep 2010)
- Investors Count 15
All 5 funding rounds of Magma Global 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 |
|---|---|---|---|---|---|
| Dec 2016 | $12.7M | Series C | – | Victrex | – |
| Oct 2015 | $60M | Series C | – | Strategic Investment Capital | |
| Nov 2014 | $26.2M | Series C | – | – | – |
| Dec 2012 | $25.1M | Series B | – | BGF | |
| Sep 2010 | $4.7M | Series A | $6.55M | Azimuth Capital Management, NES Partners |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2010 | $6.55M | •••••••• |
Last known valuation $6.55M (Sep 2010). 16 investors in total: 7 institutional and 9 angel.
Investors in Magma Global
Magma Global has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include TechnipFMC, Victrex and Azimuth.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Azimuth is focused on private equity investments in energy transition. | 2000 | navigatingenergy.com | Menlo Park, United States | |
Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland | bgf.co.uk | Belfast, United Kingdom | ||
| nespartnersweb.dk | ||||
Thermoplastic polymer PEEK is manufactured for industries including 3D printing. | 1978 | victrex.com | Cleveleys, United Kingdom | |
Strategic Investment Capital is an investment management firm specializing in diversified funds and portfolios for clients. | 2017 | strategic-ic.com | Dubai, United Arab Emirates | |
A leading renewable energy developer based in Serbia. | 2012 | newenergy.rs | Belgrade, Serbia | |
Technology provider for the energy sector | 1958 | technipfmc.com | London, United Kingdom | |
PH Philippe Hoffmann | unknown_36d48e21cad34cc88 | |||
JB John Brickwood | unknown_6d15d6a5871440fdb | |||
SN Sacha Nice | unknown_7db24fdc4b4242ea9 |
Investor details for Magma Global
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Magma Global
11 people are tracked at Magma Global (5 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Martin Jones | Founder & CEO | Leadership |
Mike Boyd | Co-Founder | Leadership |
Damon Roberts | Co-Founder | Leadership |
David Charlesworth | Head Of Engineering | Leadership |
Tony Duncan | Executive Vice President | Leadership |
Priyanka Priyadarshini | Composite Test Engineer | Team |
Sharon Helson Tauro | Test Engineer | Team |
Samantha Smith | HR & Office Manager | Team |
Anna E Scott | Lead Engineer NDT | Team |
Daniel Holman | Principal Engineer | Team |
Irene Jiménez Fortunato | Senior Test Engineer | Team |
Complete people profiles for Magma Global
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Magma Global
5 dated milestones of Magma Global across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Magma Global is founded.
- Funding First funding round of $4.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $12.7M.
- Exit Acquired by TechnipFMC.
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Frequently Asked Questions about Magma Global
Magma Global was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Magma Global is headquartered in Portsmouth, United Kingdom.
Martin Jones is the CEO of Magma Global, as recorded in our data. They have also founded this company.
Magma Global is a funded company, having raised a total of $128.7M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.7M, raised on Sep 2010.
Manufacturer of advanced composite subsea oil and gas pipes. These pipes utilize carbon fiber and polymer materials, offering advantages in weight, strength, corrosion resistance, and ease of deployment compared to traditional steel and flexible pipes. The technology simplifies subsea architecture and reduces installation time and costs. Applications include flowlines, jumpers, and risers for oil and gas extraction. The companys expertise extends to the design and manufacturing of these specialized pipes for use in demanding subsea environments.
Magma Global offers M-Pipe and Risers.
Magma Global has 16 investors. Key investors include TechnipFMC, Victrex, Azimuth, BGF, and NES Partners.
The valuation of Magma Global is $6.55M as of Sep 2010.
Magma Global operates through Magma Global Ltd.
Yes. Magma Global was acquired by TechnipFMC in October 2021.