FinTechFunding

MagaLoop: Raises €9M in Series A Funding

MagaLoop Raises €9M in Series A Funding

  • MagaLoop, a Berlin, Germany-based digital B2B marketplace, raised €9m in Series A funding
  • The round was led by existing investors Market One Capital and FoodLabs, with participation from existing investors
  • The company intends to use the funds to further expand its network of independent wholesalers and retailers and drive additional platform expansions
  • The company currently has more than 4000 active merchants with an order volume of over €100 million annually
  • It currently employs around 70 people
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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