MAGFAST (2020)
About this raise
MAGFAST, with a post-money valuation of $21.07 million, is raising funds on NetCapital. The electronics company designs and manufactures premium magnetic charging products that are changing charging for good. The chargers of MAGFAST charge wirelessly and support every device from every brand. Seymour Segnit and Any Rau Segnit founded MAGFAST in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for tooling, manufacturing, product certification, and new products. MAGFAST test-launched in 2017, and generated pre-orders worth $600,000 in the first 24 hours. The company is on track to achieve over $10 million in pre-orders by the end of 2020.
Investment Overview
Invested : $1,055,250
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 11/25/2020
- Close Date
- 12/17/2020
$10,000
$1,070,000
$100
Equity - Common
RegCF
$10.00
$20,000,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2025 | Netcapital | $41,801,460 | $1,038,139 | Equity - Common | Active | RegCF |
| 05/17/2024 | Netcapital | $40,254,171 | $1,310,739 | Equity - Common | Funded | RegCF |
| 05/01/2023 | Netcapital | $37,199,555 | $1,546,212 | Equity - Common | Funded | RegCF |
| 04/29/2022 | Netcapital | $30,003,172 | $4,775,286 | Equity - Common | Funded | RegCF |
| 12/17/2020 | Netcapital | $20,000,000 | $1,055,250 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.