Tech Company Financing Transactions
Magma Funding Round
Magma closed a $5 million Seed venture capital round on 12/12/2023. Investors included GFR Fund, 4Founders Capital and Acequia Capital.
Transaction Overview
Company Name
Announced On
12/12/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand the international team including key hires in operations, business development, and sales.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
San Diego, CA ndisclosed
USA
San Diego, CA ndisclosed
USA
Phone
Website
Email Address
Overview
Magma develops and manufactures PCI & PCI Express Expansion Systems for servers, desktops and portable platforms. Magma's patented expansion products extend PCI and PCI Express signals outside the computer over cable to a chassis containing multiple card slots. Magma's product line includes enclosed and non-enclosed solutions ranging fromlow-end single slot expansion products to fault-tolerant, highly reliable, available and serviceable (RAS) chassis specifically designed for mission critical environments. Magma expansion solutions enable you to protect your investment in expensive, specialized add-in cards while providing an easy migration path from legacy protocols, like PCI, to high-speed PCI Express protocols.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Randy Jones
Browse more venture capital transactions:
Prev: 12/12/2023: Laza Medical venture capital transaction
Next: 12/12/2023: Allstar Gaming venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs