When was Magnes founded?

Magnes was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is Magnes located?

Magnes is headquartered in Zurich, Switzerland.

How many employees does Magnes have?

As of Jul 01, 2024, the latest employee count at Magnes is 9.

Is Magnes a funded company?

Magnes is a funded company, having raised a total of $30.6K across 2 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on 2016.

When was the latest funding round of Magnes?

Magnes' latest funding was a $***** Grant (prize money) round on Oct 01, 2017, with participation from 0 investor. Its primary sector is Wearable Technology. Globally, the Wearable Technology sector has seen $622M in funding in 2026 to date.

Where does Magnes rank among its competitors?

Magnes ranks 7th amongst 35 active competitors, of which 7 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was sendance, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Magnes?

Magnes' top competitors include Codoon, BOA and Decentralized Biotechnology Intelligence. Among them, sendance secured the most recent funding round in February, 2026.

Magnes - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer of forged flanges, pipe fittings, and auto parts. This entity produces a variety of forged components for automotive applications, including rings, crankshafts, connecting rods, and yokes. They also offer forged flanges, utilizing materials such as alloy steel, stainless steel, and carbon steel. Machining services are available, allowing for partial or complete machining of components. The company adheres to stringent quality control measures and possesses relevant certifications.

Website: magnes.ch
Email ID: *****@magnes.ch

Key Metrics

Founded Year

2014

Location

Zurich, Switzerland

Stage

Early Stage

Total Funding

$30.6K in 2 rounds

Latest Funding Round

Grant (prize money), Oct 01, 2017, $*****

Investors

Venture Kick & 2 more

Ranked

7^th among 35 active competitors

Employee Count

9 as on Jul 01, 2024

Similar Companies

Codoon & 46 more

View Magnes' full profile

Magnes has raised a total funding of $30.6K over 2 rounds. Its first funding round was on 2016. Magnes has 3 institutional investors.

Here is the list of recent funding rounds of Magnes:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2017	7762203	Grant (prize money)	5221861	1493371	8615630	8810104
2016	1273	Grant (prize money)	8177	5593	8287	Venture Kick

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View details of Magnes's funding rounds and investors

The founders of Magnes are George Chatzipirpiridis and Olgac Ergeneman.

Here are the details of Magnes' key team members:

George Chatzipirpiridis: Co-founder and COO of Magnes.
Olgac Ergeneman: Co-Founder & CEO of Magnes and founder of 1 other company.

View details of Magnes's Founder profiles and Board Members

Magnes' employee count trend

Magnes has 9 employees as of Jul 24. Here is Magnes's employee count trend over the years:

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Top competitors of Magnes include Codoon, BOA and Decentralized Biotechnology Intelligence. Here is the list of Top 10 competitors of Magnes, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Codoon 2011, Chengdu (China), Series C	Smart Wearables and fitness social network for users	$133M	SBCVC, FountainVest Partners & 8 others	49/100
2nd	BOA 2001, Denver (United States), Acquired	Smart-shoe lace manufacturer for sports enthusiasts	-	Waveland Ventures, Glenbrook Consumer Partners	47/100
3rd	Decentralized Biotechnology Intelligence 2021, Taipei (Taiwan), Unfunded	Provider of smart IoT sensing devices for healthcare providers and individuals	-	-	41/100
4th	Sole Power 2012, Pittsburgh (United States), Seed	Provider of insoles for charging devices	$125K	start-ups, Revolution & 7 others	38/100
5th	sendance 2021, Linz (Austria), Seed	Sensor-based devices for medical care	$3.09M	Croton Capital, Sweeno Invest & 5 others	36/100
6th	Sensoria Health 2017, Redmond (United States), Funding Raised	AI-driven remote patient monitoring for improved rehab outcomes	-	Halestreet	31/100
7th	Magnes 2014, Zurich (Switzerland), Early Stage	Manufacturer of forged flanges, pipe fittings, and auto parts	$30.6K	Venture Kick, Swiss ICT Investor Club & 1 others	31/100
8th	Cybershoes 1995, Vienna (Austria), Unfunded	Provider of smart shoes for VR locomotion	-	-	28/100
9th	ATO-gear 2015, Eindhoven (Netherlands), Seed	Wearable solution for runners using smart insoles	$16.9K	Innovation Industries, Startupbootcamp	26/100
10th	B-Shoe Technologies 2011, Haifa (Israel), Public	Developer of sensor-based balancing shoes for the elderly	-	HiCenter	24/100