Magnovate Overview

  • Founded
  • 2013
Founded
  • Status
  • Private
  • Employees
  • 1
Employees
  • Latest Deal Type
  • 2ndary - Private

Magnovate General Information

Description

Developer of a magnetic levitation technology designed to transform transportation systems. The company's technology permits the construction of high-speed maglev packet-switching networks, enabling transportation industries with low system costs and the high performance of maglev.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Formerly VC-backed
Primary Industry
Rail
Primary Office
  • 75 Nugget Avenue
  • Toronto, Ontario T6G 2M9
  • Canada
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Magnovate Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Secondary Transaction - Private 01-Jun-2021 000 Completed Generating Revenue
4. Secondary Transaction - Private 000 Completed Generating Revenue
3. Angel (individual) 19-Aug-2014 000 000 Completed Generating Revenue
2. Accelerator/Incubator 19-Dec-2013 $2M Completed Startup
1. Seed Round 19-Aug-2013 $2M $2M Completed Startup
To view Magnovate’s complete valuation and funding history, request access »

Magnovate Executive Team (3)

Name Title Board Seat Contact Info
Dan Corns Founder, President and Chief Executive Officer
Peter Hackett Ph.D Chief Strategist
Bill Russo Advisor
To view Magnovate’s complete executive team members history, request access »

Magnovate Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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