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Magnet Communications

magnetbanking.com

Total Raised

$65.6M

Investors Count

17

Deal Terms

3

Funding, Valuation & Revenue

6 Fundings

Magnet Communications's latest funding round was a Acquired for on November 21, 2003.

Magnet Communications's valuation in August 1999 was $33.07M.

Magnet Communications's latest post-money valuation is from November 2003.

Sign up for a free trial to see Magnet Communications's valuations in November 2003 and more.

Date

Round

Amount

Investors

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Revenue

Sources

11/21/2003

Acquired

$99M

0

FY undefined

5/10/2002

Series D

$99M

0

FY undefined

0

10/1/2001

Unattributed

$99M

0

FY undefined

0

11/9/2000

Series C

$99M

0

FY undefined

0

8/13/1999

Series B

$99M

$33.07M

0

FY undefined

0

Date

11/21/2003

5/10/2002

10/1/2001

11/9/2000

8/13/1999

Round

Acquired

Series D

Unattributed

Series C

Series B

Amount

$99M

$99M

$99M

$99M

Investors

Valuation

$99M

$33.07M

Revenue

0

FY undefined

0

FY undefined

0

FY undefined

0

FY undefined

0

FY undefined

Sources

0

0

0

0

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Magnet Communications Deal Terms

3 Deal Terms

Magnet Communications's deal structure is available for 3 funding rounds, including their Acquired from November 21, 2003.

Round

Acquired

Series B

Series A

Funding Date

$99M

$99M

$99M

Pre-Money Valuation

Post-Money Valuation

$99M

Amount Raised

$99M

$99M

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

$99M

$99M

$99M

Board Voting

$99M

$99M

$99M

Par Value

Round

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

Acquired

$99M

$99M

$99M

$99M

Series B

$99M

$99M

$99M

$99M

Series A

$99M

$99M

$99M

$99M

Magnet Communications Investors

17 Investors

Magnet Communications has 17 investors. Digital Insight invested in Magnet Communications's Acquired funding round.

First funding

Last Funding

Investor

Rounds

Board Seats

Type

Location

11/21/2003

11/21/2003

1
Acquired

Corporation

California

8/13/1999

5/10/2002

3
Series B, Series C (2000), Series D (2002)

Georgia

8/13/1999

5/10/2002

3
Series B, Series C (2000), Series D (2002)

Venture Capital

Minnesota

00/00/0000

00/00/0000

SunTrust Banks

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Investment Bank

Georgia

00/00/0000

00/00/0000

WM Strategic Capital

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First funding

11/21/2003

8/13/1999

8/13/1999

00/00/0000

00/00/0000

Last Funding

11/21/2003

5/10/2002

5/10/2002

00/00/0000

00/00/0000

Investor

SunTrust Banks

WM Strategic Capital

Rounds

1
Acquired
3
Series B, Series C (2000), Series D (2002)
3
Series B, Series C (2000), Series D (2002)

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Board Seats

Type

Corporation

Venture Capital

Investment Bank

Location

California

Georgia

Minnesota

Georgia

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