When was Magentus founded?

Magentus was founded in 1993 and raised its 1st funding round 15 years after it was founded.

Where is Magentus located?

Magentus is headquartered in Melbourne, Australia.

Who is the current CEO of Magentus?

Mark Mcconnell of Magentus. They have also founded 1 company.

How many employees does Magentus have?

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

Is Magentus a funded company?

Magentus is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Sep 29, 2008.

When was the latest funding round of Magentus?

Magentus' latest funding was a $***** Grant (prize money) round on Sep 18, 2009, with participation from 1 investor.

Where does Magentus rank among its competitors?

Magentus ranks 50th amongst 2883 active competitors, of which 152 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Tebra, which secured $250M in Dec, 2025.

Who are the top competitors of Magentus?

Magentus' top competitors include Modernizing Medicine, Eka Care and Hint Health. Among them, Tebra secured the most recent funding round in December, 2025.

Magentus - 2026 Company Profile, Team, Funding & Competitors

Magentus is a funded company based in Melbourne (Australia), founded in 1993 by Mark Mcconnell. It operates as a Provider of clinical systems, practice management software, and health informatics. Magentus has raised an undisclosed amount in funding. The company has 2883 active competitors, including 152 funded and 172 that have exited. Its top competitors include companies like Modernizing Medicine, Eka Care and Hint Health.

Company Details

Provider of clinical systems, practice management software, and health informatics. The company offers laboratory information, radiology information, oncology information management system, and data management services for life sciences.

Website: magentus.com
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Phone Number: +61 **********
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Key Metrics

Founded Year

1993

Location

Melbourne, Australia

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Sep 18, 2009, $*****

Investors

Pacific Equity Partners & 1 more

Ranked

50^th among 2883 active competitors

Employee Count

530 as on May 31, 2026

Investment & Acquisitions

Labflow

Similar Companies

Modernizing Medicine & 3956 more

View Magentus' full profile

Magentus has raised funding over 2 rounds. Its first funding round was on Sep 29, 2008. Its latest funding round was a Grant (prize money) round on Sep 18, 2009 for $*****. 1 investor participated in its latest round. Magentus has 2 institutional investors.

Here is the list of recent funding rounds of Magentus:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 18, 2009	6408050	Grant (prize money)	7488136	6199898	6397439	5584920
Sep 29, 2008	4773933	Grant (prize money)	3815948	9151379	4547705	HHS

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View details of Magentus's funding rounds and investors

The founders of Magentus is Mark Mcconnell. Mark Mcconnell is the CEO of Magentus.

Here are the details of Magentus' key team members:

Mark Mcconnell: Founder & CEO of Magentus.

View details of Magentus's Founder profiles and Board Members

Magentus' employee count trend

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

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Top competitors of Magentus include Modernizing Medicine, Eka Care and Hint Health. Here is the list of Top 10 competitors of Magentus, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Modernizing Medicine 2010, Boca Raton (United States), Acquired	AI and cloud-based EMR and practice management software for clinics	$329M	Summit Partners, Pentland & 8 others	81/100
2nd	Eka Care 2020, Bengaluru (India), Series A	Developer of clinical software for electronic medical records and documentation	$19.5M	Hummingbird Ventures, PeerCapital & 33 others	68/100
3rd	Hint Health 2013, San Francisco (United States), Series B	Provider of a SaaS-based practice management solution for healthcare professionals	$60.1M	AXA Venture Partners, Webb Investment Network ... & 22 others	67/100
4th	Docon 2013, Bengaluru (India), Acquired	Digital healthcare platform to streamline medical practices and enhance patient care	-	-	67/100
5th	Epic Systems 1979, Madison (United States), Funding Raised	Provider of suite software solutions for healthcare organizations	-	Premji Invest, DSA Investments & 3 others	66/100
6th	Medsphere Systems 2002, Carlsbad (United States), Series F	Open-source software provider for healthcare organizations	$151M	Azure Capital Partners, Western Technology Investment ... & 12 others	66/100
7th	HealthPlix 2014, Bengaluru (India), Series C	Provider of EMR and clinic management software for healthcare professionals	$43M	Lightspeed, Kalaari Capital & 20 others	66/100
8th	Semble 2016, London (United Kingdom), Series B	Cloud-based practice management tool for providers	$23.3M	Salica Investments, Mercia & 8 others	65/100
9th	MEDITECH 1969, Westwood (United States), Funding Raised	Developer of electronic health record software and related healthcare solutions	-	Summit Partners, Greylock Partners & 1 others	64/100
10th	Tebra 2021, Corona (United States), Series D	Cloud based platform offering practice management tool for providers	$322M	Golub Growth, Hildred & 15 others	64/100
50th	Magentus 1993, Melbourne (Australia), Funding Raised	Provider of clinical systems, practice management software, and health informatics	-	Pacific Equity Partners, HHS	48/100