# MG5 Innovation and Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mg5-innovation-and-technology

- Industry: Software
- Headquarters: Rio Claro, Brazil
- Website: www.magis5.com.br
- Total disclosed funding: $2M
- Latest round: Seed (Aug 29, 2022)
- Investors on record: 4

## About

MG5 Innovation and Technology Ltd is a Brazilian company specializing in the integration and automation of e-commerce operations, providing tailored solutions for small to medium-sized businesses.Founded in 2018 and headquartered in Rio Claro, Brazil, MG5 Innovation and Technology Ltd operates as an independent entity. Claudio Dias serves as both the CEO and founder, and the company has successfully completed 3 deals to date, with its most recent funding round occurring on August 29, 2022. The company raised BRL 10 million in a Seed funding round led by Parceiro Ventures, with participation from Bossa Nova Investimentos, Hangar8 Capital, and Urca Angels. The total amount raised by MG5 is BRL 10 million.Magis5 offers a comprehensive suite of products designed for e-commerce operations, including the Magis5 Hub and Magis5 ERP. The Magis5 Hub functions as an integration platform, linking various sales channels and marketplaces to streamline sales, inventory, and order fulfillment management. Complementing this, the Magis5 ERP centralizes financial management and inventory control tailored specifically for e-commerce businesses. These products address challenges in operational efficiency and financial reporting, aiding retailers in managing their online sales processes efficiently across platforms such as Mercado Livre, Amazon, and Shopee, predominantly in Brazil and other Latin American countries.Magis5 generates revenue through a subscription-based model for its product suite, which includes the Magis5 Hub and Magis5 ERP. Clients pay monthly or annual fees for software access, updates, and support. This model supports operational efficiency for businesses by enabling precise inventory management and financial reporting. The pricing plans are structured to accommodate varying business sizes and needs, ensuring access to Magis5's functionalities for all clients.In August 2022, MG5 Innovation and Technology Ltd raised BRL 10 million in a Seed funding round aimed at expanding its operations and hiring additional staff. The company plans to develop new products to enhance its e-commerce automation services and is targeting expansion into broader markets within Latin America. The funding will support these initiatives, enabling MG5 to grow its operational capabilities and reach.

## Funding rounds

- Seed, Aug 29, 2022, $2M — Bossa Nova Investimentos, Urca Angels, Parceiro Ventures, Hangar8 Capital
- Seed, May 6, 2021 — Bossa Nova Investimentos

## Investors

- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Seed
- Urca Angels (https://capitalatlas.ai/funds/urca-angels) — Seed
- Parceiro Ventures (https://capitalatlas.ai/funds/parceiro-ventures) — Seed
- Hangar8 Capital (https://capitalatlas.ai/funds/hangar8-capital) — Seed