About Magnum Development
Magnum Development is a company based in Laurel (United States) founded in 2009 was acquired by Chevron in September 2023.. Magnum Development offers products and services including Alternative Foundations, PermaSteel Skirt Wall, Foundation Inspections, Site Preparation, and Final Site Finish and Back Fill. Magnum Development operates in a competitive market with competitors including Vingroup, Lendlease, Eiffage, Lodha Group and Frasers Property, among others.
- Headquarter Laurel, United States
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Sectors
Real Estate & Construction
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Phone
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Website
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Social
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- Legal Name Magnum Development Llc
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Products & Services of Magnum Development
Magnum Development offers a comprehensive portfolio of products and services, including Alternative Foundations, PermaSteel Skirt Wall, Foundation Inspections, Site Preparation, and Final Site Finish and Back Fill. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Engineered permanent foundations for manufactured homes and certifications.
DIY option for enhancing manufactured home appearance.
Evaluates foundations to ensure compliance and safety.
Prepares sites for proper foundation installation.
Completes site work to protect home investments.
Funding Insights of Magnum Development
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Magnum Development
Magnum Development has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Chevron. 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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Chevron Corporation is engaged in global energy production and sustainability.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Magnum Development
| 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 - Magnum Development
| 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 |
Magnum Development Comparisons
Competitors of Magnum Development
Magnum Development 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 Vingroup, Lendlease, Eiffage, Lodha Group and Frasers Property, 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 |
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| domain | founded_year | HQ Location |
Real estate development and management services are offered by Vingroup.
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Sustainable project development and maintenance services are provided worldwide.
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| domain | founded_year | HQ Location |
Eiffage is engaged in construction, energy, and infrastructure concessions.
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| domain | founded_year | HQ Location |
Developer of residential and commercial real estate properties
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Residential and commercial properties are developed and managed across regions.
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Real estate properties are developed in over 50 cities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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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 Magnum Development
Frequently Asked Questions about Magnum Development
When was Magnum Development founded?
Magnum Development was founded in 2009.
Where is Magnum Development located?
Magnum Development is headquartered in Laurel, United States. It is registered at Laurel, Maryland, United States.
What does Magnum Development do?
Magnum Development was founded in 2009 and is based in Laurel, United States. Operations focus on the real estate sector, where residential and commercial development services are delivered. Projects are managed from planning through construction, with emphasis on property acquisition, design, and execution. The company serves clients in the local and regional markets, contributing to urban and suburban infrastructure growth. Domain access is available via magnumdevelopment.net for inquiries.
Who are the top competitors of Magnum Development?
Magnum Development's top competitors include Godrej Properties, Vingroup and Lendlease.
What products or services does Magnum Development offer?
Magnum Development offers Alternative Foundations, PermaSteel Skirt Wall, Foundation Inspections, Site Preparation, and Final Site Finish and Back Fill.
Who are Magnum Development's investors?
Magnum Development has 1 investor. Key investors include Chevron.