Financials

Estimates*

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Revenues, earnings & profits over time
EUR2016201720182019202020212022
Revenues<1m1.0m<1m----
% growth-67 %(30 %)----
EBITDA---(5.2m)(4.9m)(2.6m)-
Profit(2.4m)(1.6m)(6.3m)(5.8m)(5.5m)(2.9m)(3.0m)
% profit margin(402 %)(157 %)(904 %)----

Source: Dealroom estimates

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DateInvestorsAmountRound
-

N/A

-

N/A

Seed

N/A

Grant

N/A

Spinout

N/A

Seed

N/A

Secondary
*

€20.1m

Early VC

€21.0m

Series B
*

N/A

Acquisition
Total FundingCAD61.7m

Recent News about Magazino

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More about Magazinoinfo icon
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Magazino is a German-based startup that specializes in the development and implementation of intelligent intralogistics. The company's primary focus is on creating flexible and efficient logistics processes through the combination of mobile robots and their proprietary ACROSAI technology. These robots are designed to work alongside humans in industrial production lines, providing autonomous support that enhances productivity and efficiency.

Magazino's primary clients are companies operating in the logistics and industrial production sectors. The company's robots are currently being used in Zalando's logistics centers, with a fleet of 57 TORU robots in operation. The TORU robots are designed to handle and transport materials in warehouses, thereby streamlining the logistics process.

The company's business model is centered on the sale and deployment of their robots to businesses that require efficient logistics solutions. They generate revenue through the sale of these robots and also through the provision of related services, such as maintenance and support.

Recently, Magazino's entire shares were acquired by Jungheinrich, a move that is expected to further enhance the company's capabilities and expand its market reach. In addition, CLS iMation has expanded its service portfolio with solutions from Magazino, revolutionizing robotics for logistics processes.

Keywords: Robotics, Intralogistics, Automation, Autonomous Support, Industrial Production, Logistics Processes, Mobile Robots, ACROSAI Technology, TORU Robots, Jungheinrich.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.