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MagForce

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MagForce AG, a medical device company, operates in the field of nanotechnology-based cancer treatment in Germany

Berlin, GermanyFounded 1997Biotech & Life Sciences
Valuation $76K Market cap · 2024
Revenue $387K Latest reported FY

About MagForce

MagForce AG is a pioneering company in the field of nanomedicine, specializing in the development and commercialization of innovative cancer treatments. The company operates primarily in the United States, Canada, Guam, Puerto Rico, and the US Virgin Islands. MagForce's core product is a patented therapy that uses nanotechnology to target and destroy cancerous cells with high precision, thereby minimizing damage to surrounding healthy tissue. This therapy is particularly effective for treating tumors and is designed to be both highly effective and gentle on patients.

MagForce serves a diverse range of clients, including hospitals, oncology centers, and individual patients seeking advanced cancer treatment options. The company operates in the healthcare and biotechnology markets, focusing on oncology.

MagForce's business model is based on the commercialization of its proprietary nanotechnology-based therapies. The company generates revenue through the sale of its treatment systems to medical institutions and through direct treatment services provided to patients. Additionally, MagForce engages in partnerships and collaborations with other healthcare providers and research institutions to expand its market reach and enhance its technological capabilities.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1997
Headquarters
Berlin, Germany
Listing
IPO 2011
Sector
Biotech & Life Sciences

Investors

3 investors on the cap table

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

Series B and later3 investors entered at this stage

  • Mithril
  • Heliad
  • Apeiron Investment Group
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
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
2 countries with
team presence
🇳🇮 Nicaragua50%
🇩🇪 Germany50%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about MagForce 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

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