Magma: Funding, Investors & Team (Sep 2026)
Magma is an apps company based in India.
Magma has raised $3.3M across 2 funding rounds on record, the most recent a Seed of $2.8M announced in Feb 2023.
That round is below the $4.3M median round size for Apps companies tracked on FundedIQ over the last two years.
Magma Company Profile and Key Stats
Latest funding round on record: Feb 2023.
Magma Funding Rounds
Magma raised $520k in a Pre-Seed announced in Aug 2022.
6 months later, a Seed of $2.8M was announced in Feb 2023.
Magma Founders and Leadership Team
No contact details are on record for this team yet.
Magma Funding Compared to Other Apps Startups
Magma's latest round of $2.8M is below the median round in Apps. Medians cover the last 24 months of disclosed rounds.
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Magma Funding FAQs
What does Magma do?
Magma is an apps company based in India.
How much funding has Magma raised?
Magma has raised $3.3M across 2 rounds on record. The most recent is a Seed of $2.8M announced in Feb 2023.
When did Magma last raise funding?
Magma's most recent funding round on record is a Seed of $2.8M, announced in Feb 2023.
Who is the CEO of Magma?
Neal Thakker is listed as CEO at Magma.
Where is Magma headquartered?
Magma is based in Ahmedabad, Gujarat, India.
How many employees does Magma have?
Magma is in the 11-50 employee band.
How does Magma's funding compare to other Apps startups?
Magma's latest round of $2.8M is below the $4.3M median round size for Apps companies on FundedIQ across 2,426 tracked companies over the last two years.
About FundedIQ's Magma 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 Magma is left off this page rather than filled in.
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