# Magma Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magma-global

- Industry: Oil & Gas
- Headquarters: Portsmouth, UK
- Website: www.magmaglobal.com
- Total disclosed funding: $4.7M
- Latest round: Series A (Sep 2, 2010)
- Investors on record: 2

## About

Based in the UK, and founded in 2010, Magma Global Ltd., formerly known as Einn Limited and Insensys Yacht Masts Limited, operates as an oil and gas firm that offers carbon fiber composite pipes. The company was founded by its CEO, Martin Jones, Damon Roberts, and Mike Boyd. In October 2021, TechnipFMC acquired Magma Global Limited.

Magma Global manufactures m-pipe®, which is a subsea oil and gas pipe that is made from a combination of two raw materials: PEEK (Polyetheretherketone), which is a thermoplastic polymer, and carbon fiber.

## Funding rounds

- Series A, Sep 2, 2010, $4.7M — Azimuth Capital Management, NES Partners

## Investors

- Azimuth Capital Management (https://capitalatlas.ai/funds/azimuth-capital-management) — Series A
- NES Partners (https://capitalatlas.ai/funds/nes-partners) — Series A