# Magma HQ

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

- Industry: Software
- Headquarters: Copenhagen, Denmark
- Website: www.magmahq.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Jun 1, 2011)
- Investors on record: 2

## About

Magma HQ specializes in developing innovative software solutions that streamline business operations and enhance data management, addressing the needs of small to medium-sized enterprises across various industries.Founded in 2010 and headquartered in Copenhagen, Denmark, Magma HQ focuses on providing integrated business software. The company has completed 3 deals, with the most recent one occurring on March 1, 2013. In this round, the company raised USD 0.35 mn in a Seed round led by SDTI, which constituted their total amount raised of USD 0.35 mn. The firm was notably acquired by Issuu in March 2013, marking a significant transition in its business strategy.Magma HQ offers a suite of innovative software solutions designed to streamline business operations and enhance data management for its clients. The company's core offering is a robust cloud-based platform that integrates various functionalities, including project management, data analytics, and customer relationship management (CRM). This platform caters to the needs of businesses seeking to optimize workflows and improve data-driven decision-making, primarily serving small to medium-sized enterprises across diverse industries like technology, retail, and professional services. Its products are marketed predominantly in North America and Europe, where the demand for digital transformation solutions is growing.Magma HQ generates revenue through a subscription-based model, allowing businesses to access its software solutions regularly. Clients engage in annual or monthly subscription plans, ensuring continuous access to the platform's features and updates. The pricing structure varies based on the level of service and number of users, catering to the needs of small businesses. Additionally, partnerships with service integrators and value-added resellers facilitate broader distribution of the company's flagship products, enhancing revenue streams and fostering long-term client relationships.Looking ahead, Magma HQ is focused on developing new products to enhance its offerings and expand its market reach. The company aims to introduce upgraded functionalities within its cloud-based platform, although specific release dates have not been provided. Furthermore, it plans to target additional geographic regions to penetrate new markets, aiming for expansion into markets in Asia by the end of 2014. The recent Seed funding will be leveraged to support these initiatives, ensuring the company can effectively implement its growth strategy.

## Funding rounds

- Seed, Jun 1, 2011, $0.3M — SDTI
- Seed, Sep 6, 2010, $0M — Startupbootcamp

## Investors

- Startupbootcamp (https://capitalatlas.ai/funds/startupbootcamp) — Seed
- SDTI (https://capitalatlas.ai/funds/sdti) — Seed