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
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Sectors
Healthcare
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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
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Annual Revenue
$11.69 M (USD)-38as on Dec 31, 2023
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Net Profit
$-2.17 M (USD)-286as on Dec 31, 2023
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EBITDA
$-3.15 M (USD)-634as on Dec 31, 2023
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Total Equity Funding
$32.05 M (USD)
in 1 rounds
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Latest Funding Round
$32.05 M (USD), Unspecified
Oct 02, 2015
- Investors
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Employee Count
87
as on Dec 31, 2023
- Investments & Acquisitions
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Acquired by
Telegraph Hill Partners
(Jun 01, 2015)
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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. 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.
Offers high-definition EEG systems for monitoring brain activity in research.
Provides transcranial magnetic stimulation devices for treating disorders.
Delivers portable transcranial direct current stimulation for therapy.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Unspecified — $32.1M
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First Round
First Round
(02 Oct 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Unspecified - Magstim | 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 Magstim
Magstim has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Telegraph Hill Partners. 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 focused on life science, medical device and healthcare companies
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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 Magstim
Magstim has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Electrical Geodesics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Non-invasive neurodiagnostic products are developed using dense array EEG technology.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magstim
| 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 |
Magstim Comparisons
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. 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 |
Provider of a wearable device for stress and anxiety management
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| domain | founded_year | HQ Location |
Non-invasive TMS therapy is provided for major depressive disorder treatment.
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| domain | founded_year | HQ Location |
Non-invasive neuromodulation devices for mood disorders are manufactured.
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| domain | founded_year | HQ Location |
Monophasic rTMS systems for depression treatment are developed by NeuroQore.
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| domain | founded_year | HQ Location |
Wearable devices are developed to modulate tissues for neurological diseases.
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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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| 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 Magstim
Frequently Asked Questions about Magstim
When was Magstim founded?
Magstim was founded in 1990 and raised its 1st funding round 25 years after it was founded.
Where is Magstim located?
Magstim is headquartered in Whitland, United Kingdom. It is registered at Whitland, Carmarthenshire, United Kingdom.
Is Magstim a funded company?
Magstim is a funded company, having raised a total of $32.05M across 1 funding round to date. The company's 1st funding round was a Unspecified of $32.05M, raised on Oct 02, 2015.
How many employees does Magstim have?
As of Dec 31, 2023, the latest employee count at Magstim is 87.
What is the annual revenue of Magstim?
Annual revenue of Magstim is $11.69M as on Dec 31, 2023.
What does Magstim do?
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.
Who are the top competitors of Magstim?
Magstim's top competitors include NeuroStar, Flow Neuroscience and Neuroprex.
What products or services does Magstim offer?
Magstim offers EEG Solutions, TMS Solutions, and tDCS Solutions.
How many acquisitions has Magstim made?
Magstim has made 1 acquisition, including Electrical Geodesics.
Who are Magstim's investors?
Magstim has 1 investor. Key investors include Telegraph Hill Partners.
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