Magnax: Funding, Investors & Team (Sep 2026)
Magnax valorizes yokeless axial flux technology in various markets. The company drives value by strategically investing to strengthen the position of its subsidiaries. These companies focus on specific markets, each requiring a unique approach. One is Traxial, which focuses on yokeless axial flux technology for ground-based e-mobility. www.traxial.com Our second subsidiary Axyal focuses on yokeless axial flux technology for aerospace www.axyal.com
Magnax has raised $76.8M across 3 funding rounds on record, the most recent an undisclosed round of $40.9M announced in Apr 2026.
That round is above the $6.0M median round size for Science and Engineering companies tracked on FundedIQ over the last two years.
Magnax Company Profile and Key Stats
Latest funding round on record: Apr 2026.
Magnax Funding Rounds
Magnax raised $16.0M in an undisclosed round announced in Dec 2020.
1.7 years later, an Undisclosed of $19.9M was announced in Aug 2022.
3.7 years later, an undisclosed round of $40.9M was announced in Apr 2026.
Magnax Founders and Leadership Team
Contact details for the Magnax team: 1 of 2 have an email address on file.
Start 14-day free trial →Magnax Funding Compared to Other Science and Engineering Startups
Magnax's latest round of $40.9M is above the median round in Science and Engineering. Medians cover the last 24 months of disclosed rounds.
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Magnax Funding FAQs
What does Magnax do?
Magnax valorizes yokeless axial flux technology in various markets. The company drives value by strategically investing to strengthen the position of its subsidiaries. These companies focus on specific markets, each requiring a unique approach. One is Traxial, which focuses on yokeless axial flux technology for ground-based e-mobility. www.traxial.com Our second subsidiary Axyal focuses on yokeless axial flux technology for aerospace www.axyal.com
How much funding has Magnax raised?
Magnax has raised $76.8M across 3 rounds on record. The most recent is an undisclosed round of $40.9M announced in Apr 2026.
When did Magnax last raise funding?
Magnax's most recent funding round on record is an undisclosed round of $40.9M, announced in Apr 2026.
Who founded Magnax?
FundedIQ lists Peter Leijnen (Founder) at Magnax.
Who is the CEO of Magnax?
Daan Moreels is listed as CEO at Magnax.
Where is Magnax headquartered?
Magnax is based in Kortrijk, West-Vlaanderen, Belgium.
How many employees does Magnax have?
Magnax is in the 11-50 employee band.
How does Magnax's funding compare to other Science and Engineering startups?
Magnax's latest round of $40.9M is above the $6.0M median round size for Science and Engineering companies on FundedIQ across 232 tracked companies over the last two years.
About FundedIQ's Magnax 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 Magnax is left off this page rather than filled in.
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