About MagnetU
MagnetU is a company based in Kfar Saba (Israel) founded in 2010. MagnetU has raised $150 thousand across 1 funding round. MagnetU operates in a competitive market with competitors including Atlis Labs, Meetey, Vioops, Time to Split and Meezi, among others.
- Headquarter Kfar Saba, Israel
- SectorsMedia & Entertainment
- Email••••••••
- Website magnetu.com
- Social LinkedIn X Facebook
- Total Equity Funding$150K (USD)
in 1 rounds
- Latest Funding Round$150K (USD), Angel Round
Jan 2010
Funding Insights of MagnetU
MagnetU has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Angel Round of $150 thousand completed in January 2010. 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 $150,000
- Total Rounds 1
- Last Round Angel Round — $150,000
- First Round $150,000
(Jan 2010)
All 1 funding rounds of MagnetU 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 |
|---|---|---|---|---|---|
| Jan 2010 | $150,000 | Angel Round | – | – | – |
Timeline of MagnetU
2 dated milestones of MagnetU, from founding to its latest funding, stage changes and deals.
- Founded MagnetU is founded.
- Funding First funding round of $150K.
Competitors of MagnetU
MagnetU 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 Atlis Labs, Meetey, Vioops, Time to Split and Meezi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| atlis.me | 2014 | New York, United States | $630,000 | – | Social Recommendation and discovery app for local businesses | |
| meetey.com | 2012 | Kfar Saba, Israel | $1.6M | – | A local social discovery and networking app for users. | |
| vioops.com | 2015 | Tel Aviv, Israel | – | – | Location-based content is geo-tagged and shared by users. | |
| splitapp.com | 2013 | Tel Aviv, Israel | $1M | – | It functions as an anti-social platform. | |
| meezi.me | 2013 | Tel Aviv, Israel | – | – | A social application for making plans with friends. | |
| thescena.com | 2015 | Tel Aviv, Israel | – | – | A visual recommendation engine for discovering new places. | |
| sqwik.com | 2012 | Even Yehuda, Israel | $170,000 | – | A mobile app to connect with like-minded people within a 3-hour limit. |
Detailed competitors of MagnetU
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.
Similar companies to MagnetU
10 companies that operate in the same segment as MagnetU (Social Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Social platform for sharing short videos | 2011 | Haidian, Beijing, China | USD 4.79 B | USD 17.72 B | 24,720 | |
Online social networking and communication services are provided globally. | 2004 | Menlo Park, California, United States | USD 2.27 B | – | – | |
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | – | – | |
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 144.6 M | – | – | |
User-generated videos and content are shared and streamed online. | 2005 | San Bruno, California, United States | USD 11.5 M | – | – | |
New people are connected via a GPS-enabled social platform. | 2005 | New Hope, United States | USD 37.9 M | – | – | |
Micro-blogging platform for real-time updates and multimedia sharing is operated. | 2009 | Beijing, China | USD 586 M | – | – | |
Provider of DNA testing services to create a family tree and ancestor | 2003 | Yehud, Central District, Israel | USD 40 M | – | – | |
Real-time classroom behavior feedback is delivered to students by teachers. | 2011 | San Francisco, California, United States | USD 221.22 M | – | – | |
Professional networking, job recruitment, and career tools are provided. | 2003 | Sunnyvale, California, United States | USD 144.41 M | – | – |
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Frequently Asked Questions about MagnetU
MagnetU was founded in 2010.
MagnetU is headquartered in Kfar Saba, Israel. It is registered at Kfar Saba, Central District, Israel.
MagnetU is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Angel Round of $150K, raised on Jan 2010.
MagnetU was founded in 2010 in Kfar Saba, Israel, within the wearable technology sector. A device is developed as an accessory that facilitates connections between users and like-minded individuals in close proximity. Customizable profiles are maintained to reflect social preferences, allowing adaptations for contexts like business events or casual gatherings. Operations focus on hardware and profile management for situational networking.
MagnetU's top competitors include Atlis Labs, Vioops and Meetey.