About Magma Global
Magma Global is a company based in Portsmouth (United Kingdom) founded in 2009 by Martin Jones, Mike Boyd, and Damon Roberts was acquired by TechnipFMC in October 2021. Magma Global has raised $128.7 million across 5 funding rounds from investors including TechnipFMC, Victrex and Azimuth. Magma Global offers products and services including M-Pipe and Risers.
- Headquarter Portsmouth, United Kingdom
- Founders Martin Jones, Mike Boyd, Damon Roberts
- Stage Minicorn
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Magma Global Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$128.7 M (USD)
in 5 rounds
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Latest Funding Round
$12.7 M (USD), Series C
Dec 06, 2016
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Investors
TechnipFMC
& 15 more
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Employee Count
Not available
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Acquired by
TechnipFMC
(Oct 19, 2021)
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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.
People of Magma Global
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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.
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 |
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Azimuth is focused on private equity investments in energy transition.
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Investor details for Magma Global
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Investments & Acquisitions by Magma Global
Investment portfolio details for Magma Global
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Financial Statements - Magma Global
Detailed financials for Magma Global
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Magma Global Comparisons
Peer comparison for Magma Global
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Competitors of Magma Global
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Latest news on Magma Global
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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 current CEO of Magma Global. 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.
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.