Valuation
$6.8M
2024 Revenue
$5M
Funding
$0
Team
25
Founded
2012
How Magentrix CEO Vahid Fotovat grew to $5M revenue with a 25 person team in 2024.
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Magentrix Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Magentrix Hit $5m revenue in June 2024 | |
| 2020 | Magentrix Hit $2.3m revenue in August 2020 | |
| 2012 | Launched with $0 revenue |
Magentrix Valuation, Funding Rounds
Magentrix's most recent disclosed valuation is $6.8M.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Magentrix yet.
Magentrix Employees & Team Size
Magentrix employs approximately 25 people as of 2026, including 3 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about Magentrix
What is Magentrix's revenue?
Magentrix generates an estimated $5M in annual revenue.
Who founded Magentrix?
Magentrix was founded by Vahid Fotovat.
Who is the CEO of Magentrix?
The CEO of Magentrix is Vahid Fotovat.
How much funding does Magentrix have?
Magentrix raised $0.
How many employees does Magentrix have?
Magentrix has 25 employees.
Where is Magentrix headquarters?
Magentrix is headquartered in Richmond Hill, Ontario, Canada.
Compare Magentrix to the industry
Magentrix operates across multiple industries. Browse revenue, funding, and growth data for Magentrix in each sector below.
Data and Sources
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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