Magstim

Whitland, United Kingdom Founded: 1990 • Age: 36 yrs Acquired By Telegraph Hill Partners
Neurotechnology solutions for EEG, TMS, and tDCS are developed.
Annual revenue $11.7M Latest available
Total funding $32.1M 1 rounds
Employees 87 Tracked headcount
Investors 1 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Magstim

Magstim is a company based in Whitland (United Kingdom) founded in 1990 was acquired by Telegraph Hill Partners in June 2015. Magstim has raised $32.05 million across 1 funding round from investors including Telegraph Hill Partners. The company has 87 employees as of December 31, 2023. Magstim has completed 1 acquisition, including Electrical Geodesics. Magstim offers products and services including EEG Solutions, TMS Solutions, and tDCS Solutions. Magstim operates in a competitive market with competitors including Flow Neuroscience, NeuroStar, Soterix Medical, NeuroQore and Neuroprex, among others.

  • Headquarter Whitland, United Kingdom
  • Employees 87 as on 31 Dec, 2023
  • Sectors
    Healthcare
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name The Magstim Company Limited
  • Date of Incorporation 24 Oct, 1988
  • Jurisdiction WHITLAND, CARMARTHENSHIRE
Operational Areas
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $11.69 M (USD)
    -38
    as on Dec 31, 2023
  • Net Profit
    -$2.17 M (USD)
    -286
    as on Dec 31, 2023
  • EBITDA
    -$3.15 M (USD)
    -634
    as on Dec 31, 2023
  • Total Equity Funding
    $32.05 M (USD)

    in 1 rounds

  • Latest Funding Round
    $32.05 M (USD), Unspecified

    Oct 02, 2015

  • Investors
  • Employee Count
    87

    as on Dec 31, 2023

  • Investments & Acquisitions
  • Acquired by
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Products & Services of Magstim

Magstim offers a comprehensive portfolio of products and services, including EEG Solutions, TMS Solutions, and tDCS Solutions.

Product name locked
Category locked
Primary

Offers high-definition EEG systems for monitoring brain activity in research.

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Provides transcranial magnetic stimulation devices for treating disorders.

Product name locked
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Delivers portable transcranial direct current stimulation for therapy.

People of Magstim

Headcount 50-200
Employee Profiles 19
Employee Profiles
People
Angharad Lewis
Sales Operations Manager
People
Millie Harry
Marketing Coordinator
People
Bill Necciai
Vice President North America Clinical Sales - Magstim TMS Therapy Systems
People
Gareth Davies
Director Of Operations & Site Leader

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Funding Insights of Magstim

Magstim has successfully raised a total of $32.05M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $32.05 million completed in October 2015. 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 Magstim

Magstim has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Telegraph Hill Partners.

All
Venture Fund
Investor Description Founded Year Domain Location
Venture capital firm focused on life science, medical device and healthcare companies
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Investor details for Magstim

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Investments & Acquisitions by Magstim

Magstim has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Electrical Geodesics.

Investments
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Investment portfolio details for Magstim

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Non-invasive neurodiagnostic products are developed using dense array EEG technology.
Locked Locked 1992 Locked
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Complete acquisition details for Magstim

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Financial Statements - Magstim

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Magstim Comparisons

Magstim Primary company
Description
Neurotechnology solutions for EEG, TMS, and tDCS are develop...
Location
Whitland, United Kingdom
Founded Year
1990
Annual Revenue
$11.69 M (USD)
Net Profit
-$2.17 M (USD)
EBITDA
-$3.15 M (USD)
Employees
87
As of 2023
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Peer comparison for Magstim

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Competitors of Magstim

Magstim 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 Flow Neuroscience, NeuroStar, Soterix Medical, NeuroQore and Neuroprex, among others.

Company Name Domain Founded year HQ Location Description
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Provider of a wearable device for stress and anxiety management
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Non-invasive TMS therapy is provided for major depressive disorder treatment.
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Non-invasive neuromodulation devices for mood disorders are manufactured.
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Monophasic rTMS systems for depression treatment are developed by NeuroQore.
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Wearable devices are developed to modulate tissues for neurological diseases.
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Detailed competitors of Magstim

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Latest news on Magstim

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Frequently Asked Questions about Magstim

Magstim was founded in 1990 and raised its 1st funding round 25 years after it was founded.

Magstim is headquartered in Whitland, United Kingdom. It is registered at Whitland, Carmarthenshire, United Kingdom.

Magstim is a funded company, having raised a total of $32.05M across 1 funding round to date.

As of Dec 31, 2023, the latest employee count at Magstim is 87.

Annual revenue of Magstim is $11.69M as on Dec 31, 2023.

Founded in 1990 and headquartered in Whitland, United Kingdom, neurotechnology systems focused on EEG, TMS, and tDCS are provided by the company. Integrated solutions, sensors, and portable devices are offered for research and clinical applications in brain condition studies and treatments. Support and resources are extended to researchers and clinicians across various sectors.

Magstim's top competitors include NeuroStar, Flow Neuroscience and Neuroprex.

Magstim offers EEG Solutions, TMS Solutions, and tDCS Solutions.

Magstim has made 1 acquisition, including Electrical Geodesics.

Magstim has 1 investor. Key investors include Telegraph Hill Partners.

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