Where is Magento located?

Magento is headquartered in Los Angeles, United States. It is registered at Culver City, California.

How many employees does Magento have?

As of May 31, 2026, the latest employee count at Magento is 530.

Is Magento a funded company?

Magento is a funded company, having raised a total of $250M across 2 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round.

How much is Magento worth?

The last known valuation of Magento was $***** as of Jan 04, 2017.

When was the latest funding round of Magento?

Magento's latest funding was a $***** PE round on Jan 04, 2017, with participation from 1 investor.

Where does Magento rank among its competitors?

Magento ranks 26th amongst 1832 active competitors, of which 200 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Cart.com, which secured $180M in Mar, 2026.

Who are the top competitors of Magento?

Magento's top competitors include Shopify, Squarespace and BigCommerce. Among them, Cart.com secured the most recent funding round in March, 2026.

Magento - 2026 Company Profile, Team, Funding & Competitors

Q: Is Magento an acquired company?

Magento got acquired by Adobe on May 21, 2018.

Magento is an acquired company based in Los Angeles (United States), founded in 2008 by Roy Rubin and Yoav Kutner. It operates as a Provider of cloud-based and open source e-commerce software. Magento has raised $250M in funding from Hillhouse, with last known valuation of $*****. The company has 1832 active competitors, including 200 funded and 151 that have exited. Its top competitors include companies like Shopify, Squarespace and BigCommerce.

Company Details

Magento is a provider of cloud-based and open source e-commerce software. Its features include content creation and promotion, business intelligence, a marketplace extension, disaster recovery, data retention, image optimization, account management, as well as AI-enabled merchandising and analytics. It caters to the automotive, fashion, food, beverage, health, and beauty industries. The company offers the solution on subscription-based policy.

Website: magento.com
Social
Registered Address: Culver City, California

Key Metrics

Founded Year

2008

Location

Los Angeles, United States

Stage

Acquired

Total Funding

$250M in 2 rounds

Latest Funding Round

PE, Jan 04, 2017, $*****

Last Known Valuation

$***** as on Jan 04, 2017

Investors

Hillhouse & 6 more

Ranked

26^th among 1832 active competitors

Employee Count

530 as on May 31, 2026

Investment & Acquisitions

Shopial & 1 more

Similar Companies

Shopify & 1581 more

Exit Details

Acquired by Adobe (May 21, 2018)

View Magento's full profile

Magento is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
X.COMMERCE, INC. CIN: 271977854 , United States, Active	Dec 31, 1999	-	116 (As on Dec 31, 2020)	-

Magento got acquired by Adobe on May 21, 2018 at an acquisition amount of $*****.

Click here to take a look at Magento's acquisition in detail

Magento has raised a total funding of $250M over 2 rounds. Its latest funding round was a PE round on Jan 04, 2017 for $*****. 1 investor participated in its latest round. Magento has 7 institutional investors.

Here is the list of recent funding rounds of Magento:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 04, 2017	9762877	PE	5134753	3812966	8670093	4185660

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View details of Magento's funding rounds and investors

The founders of Magento are Roy Rubin and Yoav Kutner.

Here are the details of Magento's key team members:

Roy Rubin: Founder of Magento. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Yoav Kutner: Founder of Magento and founder of 3 other companies, Oro, MageCore and OroCRM.
Contact Info: 2 email addresses

View details of Magento's Founder profiles and Board Members

Magento's employee count trend

Magento has 530 employees as of May 26. Here is Magento's employee count trend over the years:

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Top competitors of Magento include Shopify, Squarespace and BigCommerce. Here is the list of Top 10 competitors of Magento, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shopify 2006, Ottawa (Canada), Public	Provider of an all-in-one commerce platform for businesses of all sizes	$122M	Georgian, OMERS & 19 others	87/100
2nd	Squarespace 2003, United States, Acquired	Provider of tools for website creation, hosting, and online business	$591M	General Atlantic, T. Rowe Price & 20 others	82/100
3rd	BigCommerce 2009, Austin (United States), Public	Provider of ecommerce platform and related services for online businesses	$233M	Goldman Sachs, Floodgate & 13 others	74/100
4th	ShopUp 2017, Dhaka (Bangladesh), Series B	Retailer of neighborhood shops and clothing	$198M	Valar Ventures, Flourish & 12 others	73/100
5th	aCommerce 2013, Bangkok (Thailand), Series C	Provider of end-to-end e-commerce solutions, encompassing management and business insights	$119M	Emerald Media, Sinar Mas & 17 others	73/100
6th	AnyMind Group 2016, Minato (Japan), Public	Provider of e-commerce, marketing, and manufacturing platforms	$91.7M	Nomura, JP Investment & 15 others	72/100
7th	CommerceIQ 2012, Mountain View (United States), Series D	Provider of unified AI platform for retail ecommerce sales and optimization	$196M	SoftBank Vision Fund, Shasta Ventures & 6 others	71/100
8th	WooCommerce 2008, Cape Town (South Africa), Acquired	Developer of an open-source platform for customizable ecommerce solutions	-	TeamX	69/100
9th	Cart.com 2020, Houston (United States), Series D	Provider of unified commerce and logistics solutions for business growth	$735M	Trinity Capital, B. Riley Financial & 48 others	69/100
10th	etaily 2020, Metro Manila (Philippines), Series A	Provider of software suite solutions for e-commerce businesses	$24M	SKS Capital, Ayala & 17 others	69/100
26th	Magento 2008, Los Angeles (United States), Acquired	Provider of cloud-based and open source e-commerce software	$250M	Ares Capital Corporation, Hillhouse & 5 others	61/100