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In 2024, Magentrix's revenue reached $5M. The company previously reported $2.3M in 2020. Since its launch in 2012, Magentrix has shown consistent revenue growth.
Magentrix reached a $6.8M valuation in 2025, set during its M&A Offer round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $6.8M | - |
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Magentrix yet.
Magentrix employs approximately 25 people as of 2026, including 3 sales reps that carry a quota.
Magentrix generates an estimated $5M in annual revenue.
Magentrix was founded by Vahid Fotovat.
The CEO of Magentrix is Vahid Fotovat.
Magentrix raised $0.
Magentrix has 25 employees.
Magentrix is headquartered in Richmond Hill, Ontario, Canada.
Magentrix operates across multiple industries. Browse revenue, funding, and growth data for Magentrix in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$6.8M
2024 Revenue
$5M(Est.)
Funding
$0
Team
25
Founded
2012
| Year | Milestone | Source |
|---|---|---|
| 2024 | Magentrix Hit $5m revenue in June 2024 | Estimated |
| 2020 | Magentrix Hit $2.3m revenue in August 2020 | |
| 2012 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 25 employees (October 2024) | |
| 2020 | Reached 25 employees (December 2020) | |
| 2020 | Reached 11 employees (August 2020) | |
| 2020 | Reached 25 employees (June 2020) | |
| 2019 | Reached 22 employees (December 2019) | |
| 2018 | Reached 19 employees (December 2018) |
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