Berlin, Germany
Magaloop is a promising entrant in the Marketplaces industry, with its headquarters in Germany. Founded in 2018, the company is progressively fulfilling its vision of creating a direct digital link between independent retailers and manufacturers in the Fast Moving Consumer Goods (FMCG) market.
Adopting a unique approach to solving the industry's opacity, Magaloop facilitates billions of transactions, effectively steering the market towards transparency and efficiency. The company aims to leverage its position to become the crucial direct connector in the supply chain.
In May 2022, Magaloop secured a substantial €9.00M in a Seed Round. The investment round saw participation from notable investors including Redalpine, Bitburger Ventures, Convivialite Ventures, FoodLabs, HESTA, Market One Capital, and Fuse Venture Partners. With strong backing and a clear vision, Magaloop is positioned for potential growth and could be an attractive opportunity for investors looking to tap into the evolving FMCG landscape.
