About Magma
Magma is a company based in Escondido (United States) founded in 2020. It operates as a SaaS (Software-as-a-Service) and Freemium. Magma has raised $5 million across 1 funding round from investors including GFR Fund, 4Founders Capital and Supernode Global. Magma offers products and services including Magma Collaborative Drawing Platform. Magma operates in a competitive market with competitors including Pixilart, Sketchub, Thangs, ARTXP and FanBook, among others.
- Total Equity Funding$5M (USD)
in 1 rounds
- Latest Funding Round$5M (USD), Seed
Dec 2023
- InvestorsGFR Fund
& 6 more
Products & Services of Magma
Magma offers a comprehensive portfolio of products and services, including Magma Collaborative Drawing Platform.
A platform for artists to draw collaboratively online.
Apps and channels of Magma
its YouTube channel Magma has 3.3K subscribers and 30 videos.
Videos from Magma
The most watched videos on Magma's YouTube channel, Magma (3.3K subscribers). Click a video to play it here.
More on Magma.
Funding Insights of Magma
Magma has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in December 2023. 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 $5M
- Total Rounds 1
- Last Round Seed — $5M
- First Round $5M
(Dec 2023)
- Investors Count 7
All 1 funding rounds of Magma 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 2023 | $5M | Seed | – | GFR Fund |
7 investors in total: 7 institutional.
Investors in Magma
Magma has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include GFR Fund, 4Founders Capital and Supernode Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage VR/AR startups are funded by GFR Fund. | – | gfrfund.com | San Francisco, United States | |
Venture capital investments are provided to tech startups. | – | 4founderscapital.com | Barcelona, Spain | |
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | – | gaingels.com | - | |
Early-stage tech-focused VC firm investing primarily in the US | – | anorak.vc | San Francisco, United States | |
Investments are made in early-stage tech companies by Acequia Capital. | – | acecap.com | Seattle, United States | |
Invests in early-stage startups in health, education, creativity, community, productivity, and financial empowerment. | 2016 | supernodeglobal.com | London, United Kingdom | |
- | – | bn-ent.net | - |
Investor details for Magma
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
1 people are tracked at Magma (1 in leadership).
| Name | Role | Group |
|---|---|---|
Steve Steve Steve | CEO & President | Leadership |
Complete people profiles for Magma
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
2 dated milestones of Magma across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Magma is founded.
- Funding First funding round of $5.0M.
Competitors of Magma
Magma 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 Pixilart, Sketchub, Thangs, ARTXP and FanBook, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pixilart.com | 2013 | Fargo, United States | – | – | Online platform for pixel art creation, sharing, and community engagement. | |
| sketchub.in | 2020 | Delhi, India | – | – | Provides a versatile platform for sharing programming creations and projects. | |
| thangs.com | 2020 | Columbus, United States | – | 50 | Social platform for 3D model enthusiasts | |
| art-xp.com | 2021 | Copenhagen, Denmark | $114,228 | 2 | Provider of a collaboration platform for artists | |
| fanbook.me | 2015 | Seoul, South Korea | – | – | Operates a social networking platform for users to share and engage with fan art. | |
| pictooo.com | 2021 | Paris, France | – | – | Functions as an app-based social platform for sharing user drawings. | |
| artportable.com | 2017 | Stockholm, Sweden | – | – | Artwork is discovered and purchased via an online social platform. | |
| dada.nyc | 2012 | New York, United States | – | – | A platform for creating and collecting digital art is provided. |
Detailed competitors of Magma
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Magma
The website of Magma (magma.com) receives about 3.2M visits a month and ranks #14,197 among all websites worldwide, #1,921 in Computer Hardware.
- Monthly visits3.2M
▼ 3.7% vs previous month
- Unique visitors555.8K
per month
- Global rank#14,197
among all websites
- Category rank#1,921
Computers Electronics and Technology · Computer Hardware
- Bounce rate30%
- Pages per visit7.0
- Average visit7 min 49 sec
- DevicesDesktop 70% · Mobile 30%
Websites whose visitors overlap most with Magma. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
attotech.com | attotech.com | 100% | – | – | – |
| startech.com | 96% | 746K | #75,598 | View details | |
| lacie.com | 94% | 17.4K | #2,070,752 | View details | |
| dell.com | 89% | 33.8M | #1,175 | View details | |
sonnettech.com | sonnettech.com | 88% | – | #361,154 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Magma
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Magma
Complete news archive for Magma
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Magma
10 companies that operate in the same segment as Magma (Corporate & Professional Learning Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 830 | |
Professional certification training courses are provided via an online platform. | 2015 | Mumbai, Maharashtra, India | USD 371.77 M | USD 143.62 M | 7,112 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Professional certification programs are delivered through a mobile platform. | 2010 | San Francisco, California, United States | USD 80.82 M | USD 84.24 M | 1,661 | |
An online platform for multi-course education is operated. | 2012 | Mountain View, California, United States | USD 443.17 M | USD 757.5 M | 1,260 | |
Online courses in creative fields are delivered by celebrity experts. | 2012 | San Francisco, California, United States | USD 461.4 M | – | 623 | |
Executive education programs from global universities are offered to professionals. | 2010 | Singapore, Singapore | USD 961.07 M | – | – | |
Vernacular-based hyperlocal platform for online programming mentoring is developed. | 2014 | Chennai, Tamil Nadu, India | USD 3.9 M | USD 4.13 M | 496 | |
Mobile and cloud-based resources for medical exams are delivered. | 2012 | Berlin, Berlin, Germany | USD 291.94 M | – | – | |
One-to-one online English tutoring is provided by 51Talk. | 2011 | Beijing, China | USD 89 M | USD 95.85 M | 539 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Magma
Magma was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Magma is headquartered in Escondido, United States. It is registered at Escondido, California, United States.
Steve Steve Steve is the current CEO of Magma.
Magma is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Dec 2023.
A collaborative drawing platform is offered by Magma for digital artists, art communities, game developers, and creative teams. Artists can paint together on shared canvases, chat, and sketch online. Connections are facilitated through fan art events and community engagement. The platform serves various sectors including digital art and game development with solutions for real-time collaboration.
Magma offers Magma Collaborative Drawing Platform.
Magma has 7 investors. Key investors include GFR Fund, 4Founders Capital, Supernode Global, Gaingels, and Anorak Ventures.
The website of Magma receives about 3.2 million visits a month and ranks #14,197 among all websites worldwide.