Magna International

About

Magna International is a mobility tech company and auto supplier that engages in body exteriors, structures, power, vision, and seating.

Aurora,Ontario,Canada
10001 - max
http://www.magna.com/

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $11.28M
Industries: Automotive,Industrial Engineering,Manufacturing
Founded date: Jan 1, 1957
Number Of Employee: 10001 - max
Operating Status: Active
Stock Symbol: nyse:MGA
Also Known As: Magna

Magna is a leading global automotive supplier with 317 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. Magna has over 130,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Magna's product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$11.28M

Magna International has raised a total of $11.28M in funding over 2 rounds. Their latest funding was raised on Jun 10, 2022 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 10, 2022	Post-IPO Equity	$11.28M	—	—	—	Detail
Aug 31, 1984	IPO	—	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

23

7

Magna International has made 23 investments. Their most recent investment was on Dec 8, 2022, when Metagood raised $5M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Dec 8, 2022 Metagood	Pre-seed	$5M	Cryptocurrency	—
Sep 12, 2022 Yulu	Series B	₹6.53B	Electric Vehicle	Yes
Jul 14, 2022 Trend	Pre-seed	$3M	Advertising Platforms	—
Mar 2, 2022 Sanctuary Cognitive Systems Corporation	Series A	$75.50M	Artificial Intelligence	—
Jan 25, 2022 Addionics	Series A	$27M	3D Technology	—

Employee Profiles

Number of Employee Profiles

13

Magna International has 13 current employee profiles, including Board member Scott Bonham

Board member

Executive

Executive

Employee

Executive

Exits

Magna International has had 4 exits. Magna International most notable exits include REE Automotive , Innoviz Technologies

Date	Company Name	Exit Type	Industry
Jul 23, 2021	REE Automotive	IPO	Automotive	Detail
Apr 6, 2021	Innoviz Technologies	IPO	Automotive	Detail
Mar 29, 2019	Lyft	IPO	Apps	Detail
Nov 3, 2017	Argus Cyber Security	M&A	Automotive	Detail

Acquisition

Magna International has acquired 12 organizations. Their most recent acquisition was Resil Minas Industria e Comercio S.A. on Nov 5, 2010. They acquired Resil Minas Industria e Comercio S.A. for 0.

Date Company Name	Industry	Acquisition Type	Price
Nov 5, 2010 Resil Minas Industria e Comercio S.A.	Automotive	acquisition	—	Detail
Jan 12, 2011 Pabsa S.A.	Automotive	acquisition	—	Detail
Nov 30, 2012 ixetic GmbH	Automotive	acquisition	€ 308M	Detail
Sep 30, 2014 Techform Products Ltd.	Automotive	acquisition	—	Detail
Feb 3, 2015 Philips & Lite-On Digital Solutions - Business	Consumer Electronics	acquisition	—	Detail