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About MGG Investment Group
MGG Investment Group, established in 2014, is a private debt fund primarily based in New York City, United States. It specializes in financing Conventional Debt round of companies based in United States. Its portfolio includes 6 firms, spanning the Enterprise Applications, Blockchain Technology sectors.
As of Jul 2026, MGG Investment Group has 1 unicorn under its belt and has witnessed 1 portfolio exit so far. Its most notable investments include companies like Wasabi, Credix and Sunpro Solar.
Its latest investment was a $200M Conventional Debt round in Elite Clinical Network on Sep 08, 2023 along with Surge Private Equity.
Key Metrics
Founded Year
2014
Location
New York City, United States
Sectors of Investment
Stages of Investment
Conventional Debt & Series A
Locations of Investment
Unicorn in Portfolio
MGG Investment Group's List of Top Investments
MGG Investment Group has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investmentis in Sunpro SolarTheir portfolio spans across United States, Belgium and India. They have invested in Enterprise Applications, Blockchain Technology, FinTech and 7 other sectors, across stages such as Conventional Debt, Series A stages. Here is the list of top investments by MGG Investment Group:
1. Wasabi
Cloud storage provider offering scalable solution for businesses. It allows to store and manage the data. It offers solutions such as backuo and recovery, media workflows, active archiving, multi-tenant management, and more.
Key facts about Wasabi
- Founded Year: 2015
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $484M
- Employee Count: 576 as on May 31, 2026
- Investors: Fidelity Investments, Rocketship and 26 Others
- Latest Funding Round: Conventional Debt, Apr 21, 2026, $*****
- Highlight: Editors' Pick
2. Credix
Decentralized credit marketplace connecting investors with fintech. It provides a credit investment opportunities for investors. Investors can invest in the liquidity pool, which diversifies across deals.
Key facts about Credix
- Founded Year: 2021
- Location: Antwerp (Belgium)
- Stage: Series B
- Total Funding till date: $79.8M
- Employee Count: 49 as on May 31, 2026
- Investors: ParaFi, Patria Investments and 17 Others
- Latest Funding Round: Series B, Nov 10, 2025, $*****
- Highlight: Editors' Pick
3. Sunpro Solar
Sunpro Solar, founded in 2008, provides turnkey development solutions to commercial and residential owners. Specializes in the installation of shade structures, rooftop solar systems, ground-mounted systems and solar systems for agriculture. Services include evaluation, installation, online monitoring and financing options.
Key facts about Sunpro Solar
- Founded Year: 2008
- Location: Mandeville (United States)
- Stage: Acquired
- Employee Count: 375 as on May 31, 2026
- Investors: TGP Investments, MGG Investment Group and 2 Others
- Latest Funding Round: Seed, Oct 20, 2020, $*****
- Highlight: Acquired
4. SuperFone
Application based platform offering mobile CRM. The platform offers clients business mobile numbers. Its number enables customers to connect with their business. The calls between customers and clients teams are auto recorded. Clients can review all the calls using its app. Its features include sharing a business card, catalog, location, payment link, website, etc., from the call screen itself, adding customer tags, notes about sales inquiries, reminders, etc.
Key facts about SuperFone
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.09M
- Employee Count: 36 as on Feb 28, 2025
- Investors: Fidelity Investments, Western Digital and 38 Others
- Latest Funding Round: Seed, Dec 12, 2024, $*****
5. Propel Media
Propel Media, Inc. [OTC: PROM] is a performance digital media company across desktop, application and mobile screens. Offers Contextual, In-Text and Display Advertising Platform that is focused on targeted audiences and performance oriented. Propel+ is a video content and advertising syndication platform for publishers, advertisers and content producers. Supports advertising campaigns in Video, Display, In-Text and Interstitial formats. Clients include Virgin AMerica, RetailMeNot, TRUE, tree.com, Carnival etc. Propel Media was created due to merger of Future Ads, Trafficvance and Kitara Media in 2015.
Key facts about Propel Media
- Founded Year: 2007
- Location: Saratoga Springs (United States)
- Annual Revenue: $50M - $100M as on Dec 31, 2017
- Stage: Deadpooled
- Total Funding till date: $7M
- Investors: Dace Ventures and MGG Investment Group
- Latest Funding Round: Conventional Debt, Jun 01, 2018, $*****
MGG Investment Group's Year-on-Year Investment Trends
MGG Investment Group has invested in 6 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Elite Clinical Network and most recent follow-on round was in Wasabi.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 2 | 3 |
2021 | 1 | 0 | 1 |
2020 | 1 | 1 | 2 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
MGG Investment Group's Investments by Stage
MGG Investment Group has made 4 investments in Conventional Debt stage with an average round size of $78.2M and 1 investment in Series A stage with an average round size of $11.3M.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 4 |
Series A | 1 |
Note: We have considered here, only first round of investments
MGG Investment Group's Investments by Sector
MGG Investment Group has a diverse portfolio, with companies operating in the Enterprise Applications, Blockchain - Industry Applications, Blockchain Technology, Energy and Enterprise Infrastructure. Notably, it has invested in 5 Enterprise (B2B) companies, 4 Tech companies, 2 Saas companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Blockchain - Industry Applications | 1 |
Blockchain Technology | 1 |
Energy | 1 |
Enterprise Infrastructure | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
MGG Investment Group's Investments by Geography
MGG Investment Group has made most investments in United States (4), followed by Belgium where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
Belgium | 1 |
Note: We have considered here, only first round of investments
MGG Investment Group's recent investments
MGG Investment Group has not made any investment in 2026 so far.Here are the most recent investments by MGG Investment Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 08, 2023 | United States | Conventional Debt | 2589 | ||
Sep 27, 2022 | United States | Series D | 7285 | [+3] | |
Sep 27, 2022 | United States | Conventional Debt | 6426 | - | |
Sep 06, 2022 | Belgium | Series A | 7373 | [+7] | |
Jan 19, 2021 | United States | Conventional Debt | 2860 | - |
Unicorns in MGG Investment Group's Portfolio
MGG Investment Group has 1 unicorn in its portfolio - Wasabi. The most recent unicorn in their portfolio is Wasabi which became a unicorn in 2022, 1 years after MGG Investment Group first invested in it.Here is a list of unicorns in MGG Investment Group's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Cloud storage provider offering scalable solution for businesses | 2015 | Boston | Series E | jffnziy |
Acquired companies in MGG Investment Group's Portfolio
1 company from MGG Investment Group's portfolio has been acquired. The most recent acquisition was Sunpro Solar in Nov 2021 by ADT for $*****.Here are MGG Investment Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 09, 2021 | Oct 2020 | Conventional Debt | 8929 |
Co-investors of MGG Investment Group
Over the past 8 years, 40 investors have co-invested in MGG Investment Group's portfolio companies. This includes funds and angels.
- Invested before MGG Investment Group: Forestay Capital, Ernesto Bertarelli and 11 others have invested in rounds before MGG Investment Group. There is 1 company where Forestay Capital has invested before MGG Investment Group and 1 company where Ernesto Bertarelli has invested before MGG Investment Group.
- Top Co-investors of MGG Investment Group: 7 investors entered a company along with MGG Investment Group. These include investors like Motive Partners (1 company).
- Invested after MGG Investment Group: A total of 20 investors have invested in MGG Investment Group's portfolio after their investments. Top Investors include Fidelity Investments (1 company) and North Atlantic Capital (1 company).
Recent News related to MGG Investment Group
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Generali Investments’ $320 Million Acquisition of Majority Stake in MGG Investment GroupGlobal Legal Chronicle•Feb 04, 2025•Generali Investments, MGG Investment Group
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Generali Said to Weigh Deal for Credit Investment Firm MGGLivemint•Nov 05, 2024•Generali, MGG Investment Group, Generali
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Schneider & Zimmer rye mills in Leszno will gain a new life.The investment is gaining momentumgospodarka.sos.pl•May 29, 2024•MGG Investment Group, IBI Polska
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MGG joins intellimation.ai’s VectorAsset Servicing Times•Feb 07, 2024•MGG Investment Group, Intellimation
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Spring Mountain Vineyard Enters Next ChapterBusiness Wire•Aug 02, 2023•Spring Mountain Vineyard, MGG Investment Group
