About Magnify
Magnify is a company based in New York (United States) founded in 2002.. Magnify has raised $3.39 million across 5 funding rounds from investors including NextStage Capital, New York Angels and Rose Tech Ventures. Magnify operates in a competitive market with competitors including Taboola, Scoop.it, TO THE NEW, SeaChange and Applicaster, among others.
- Headquarter New York, United States
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Sectors
TechnologyMedia & Entertainment
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.39 M (USD)
in 5 rounds
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Latest Funding Round
$978.79 K (USD), Series B
May 31, 2013
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Investors
NextStage Capital
& 4 more
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Employee Count
Employee Count
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Funding Insights of Magnify
Magnify has successfully raised a total of $3.39M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $978.79 thousand completed in May 2013. 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 Total Funding
- Total Rounds 5
- Last Round Series B — $978,790
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First Round
First Round
(28 Feb 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2013 | Amount | Series B - Magnify | Valuation |
investors |
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| Jun, 2011 | Amount | Series A - Magnify | Valuation |
investors |
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| Feb, 2010 | Amount | Series A - Magnify | Valuation |
investors |
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| 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 Magnify
Magnify has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include NextStage Capital, New York Angels and Rose Tech Ventures. 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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Venture capital firm investing in the mid-Atlantic region
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Founded Year | Domain | Location | |
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Early-stage technology startups are funded by New York Angels network.
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Founded Year | Domain | Location | |
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Early stage investment fund is managed for innovative ventures.
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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 Magnify
| 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 |
Financial Statements - Magnify
| 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 |
Magnify Comparisons
Competitors of Magnify
Magnify 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 Taboola, Scoop.it, TO THE NEW, SeaChange and Applicaster, 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 |
Ad network platform is utilized for content recommendations and monetization.
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| domain | founded_year | HQ Location |
Content curation and social sharing platform for businesses
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| domain | founded_year | HQ Location |
White label solutions for OTT platforms are provided.
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| domain | founded_year | HQ Location |
Video streaming, broadcast platforms, and advertising solutions are provided globally.
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| domain | founded_year | HQ Location |
Platform for creating white-labeled OTT applications
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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 Magnify
Frequently Asked Questions about Magnify
When was Magnify founded?
Magnify was founded in 2002 and raised its 1st funding round 6 years after it was founded.
Where is Magnify located?
Magnify is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Magnify a funded company?
Magnify is a funded company, having raised a total of $3.39M across 5 funding rounds to date. The company's 1st funding round was a Series A of $500K, raised on Feb 28, 2008.
What does Magnify do?
Founded in 2002 in New York, United States, Magnify operates in the digital media sector as an online video curation platform. Videos are aggregated from sources including AOL On, Yahoo, Food Network, Mashable, and Reuters for integration into client sites. Services encompass customizable video widgets and whitelabel pages organized by category. Waywire was acquired by Magnify, leading to its relaunch and the introduction of Waywire Enterprise.
Who are the top competitors of Magnify?
Magnify's top competitors include Taboola, TO THE NEW and Applicaster.
Who are Magnify's investors?
Magnify has 5 investors. Key investors include NextStage Capital, New York Angels, Rose Tech Ventures, Chris Anderson, and New Vantage Group.
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