MagaLoop Raises €9M in Series A Funding
- MagaLoop, a Berlin, Germany-based digital B2B marketplace, raised €9m in Series A funding
- The round was led by existing investors Market One Capital and FoodLabs, with participation from existing investors
- The company intends to use the funds to further expand its network of independent wholesalers and retailers and drive additional platform expansions
- The company currently has more than 4000 active merchants with an order volume of over €100 million annually
- It currently employs around 70 people
