Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Magex

Explore full profile

Provides electronic payments services for financial services institutions, telecommunication operators, and e-commerce companies

London, United KingdomFounded 1998Fintech
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Magex and the history behind them.

About Magex

In 1998, in the province of Vicenza, Italy, a company named Magex was founded with a vision to redefine automated retail. While traditional vending machines were limited by spiral coils, Magex engineered a new approach. They developed and patented a conveyor belt-based system, creating a machine that could handle products of nearly any shape or size. The company's strategy centered on quality and control, with all hardware and software designed and manufactured in-house in Italy. This allowed for a high degree of customization and reliability, enabling their machines to dispense a wide array of goods, from fresh food and electronics to library books. Their focus was not just on vending, but on creating versatile, unstaffed micro-stores. A significant chapter in the Magex story was its international expansion. In 2014, MagexUSA was established to serve the North American market, operating as the exclusive distributor and support center for the Italian-made machines. This expansion wasn't fueled by a massive funding round, but by the product's proven capabilities. Instead of an IPO or a high-profile acquisition, Magex's major event has been its steady, deliberate growth into a global provider of automated retail technology.

Source: Dealroom company data

At a glance

Founded
1998
Headquarters
London, United Kingdom
Sector
Fintech

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later6 investors entered at this stage

  • Universal Music Group
  • Capital Z Partners
  • Reuters
  • Europ@web
  • Goldman Sachs
  • GE Capital
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · London HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Magex on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Magex on the full Dealroom platform

Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.