MAGFAST: Funding, Investors & Team (Aug 2026)
With a new line of chargers, MAGFAST is revolutionizing the way charging is done by incorporating both USB and Qi wireless charging for Apple and Android devices. Using magnets to eliminate messy wires, these sleek chargers can connect together like Lego blocks, providing an efficient and visually pleasing charging solution. The Magfast Family includes six chargers to cover all charging needs, each with self-storing cables, traditional USB-A and USB-C outlets, and wireless charging capabilities. The modular design allows for easy and rapid charging without the need for wires. Additionally, there are specific chargers such as the LifeCharger, LifeCharger Extreme, RoadCharger, AirCharger, WallCharger, and TimeCharger, catering to various charging needs. Magfast's founder and CEO, Seymour Segnit, emphasizes the importance of environmentally friendly design and durability in their products, promising that each purchase will result in a tree being planted.
MAGFAST has raised $1.3M across 1 funding round on record, the most recent an undisclosed round of $1.3M announced in Apr 2025.
That round is below the $7.5M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
MAGFAST Company Profile and Key Stats
Latest funding round on record: Apr 2025.
MAGFAST Funding Rounds
MAGFAST Founders and Leadership Team
Contact details for the MAGFAST team: 1 of 1 has an email address on file.
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MAGFAST's latest round of $1.3M is below the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
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MAGFAST Funding FAQs
What does MAGFAST do?
With a new line of chargers, MAGFAST is revolutionizing the way charging is done by incorporating both USB and Qi wireless charging for Apple and Android devices. Using magnets to eliminate messy wires, these sleek chargers can connect together like Lego blocks, providing an efficient and visually pleasing charging solution. The Magfast Family includes six chargers to cover all charging needs, each with self-storing cables, traditional USB-A and USB-C outlets, and wireless charging capabilities. The modular design allows for easy and rapid charging without the need for wires. Additionally, there are specific chargers such as the LifeCharger, LifeCharger Extreme, RoadCharger, AirCharger, WallCharger, and TimeCharger, catering to various charging needs. Magfast's founder and CEO, Seymour Segnit, emphasizes the importance of environmentally friendly design and durability in their products, promising that each purchase will result in a tree being planted.
How much funding has MAGFAST raised?
MAGFAST has raised $1.3M across 1 round on record. The most recent is an undisclosed round of $1.3M announced in Apr 2025.
When did MAGFAST last raise funding?
MAGFAST's most recent funding round on record is an undisclosed round of $1.3M, announced in Apr 2025.
Who founded MAGFAST?
FundedIQ lists Amy Rau Segnit (Founder) at MAGFAST.
Where is MAGFAST headquartered?
MAGFAST is based in New York, United States.
How many employees does MAGFAST have?
MAGFAST is in the 11-50 employee band.
How does MAGFAST's funding compare to other Consumer Electronics startups?
MAGFAST's latest round of $1.3M is below the $7.5M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's MAGFAST Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for MAGFAST is left off this page rather than filled in.
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