Mago

Mago is developing composters to help hospitality and agricultural industriy to upcycle their organic waste into heat and compost

Basic details

Amount raising

€

800K

Country

Netherlands

Industry

AgriTech,Climate,Energy,Travel & Hospitality

Website

https://mago.eco

Founders

Last updated:

October 31, 2022

Key Achievements

We have signed contracts for renting out 30 composters. We won a government tender to place composters at goverment buildings
We have pre-production interest from 15 new clients. Series production is about to start

Premium Details Available

Growth rate (month over month)
Growth rate (month over month)
Monthly Revenue Range
Contextual explanation on monthly revenues
Number of paying customers
Number of active users
Percentage of company owned by founders
Amount raised in the past
Is there a lead investor?
Amount in this round already committed
When aiming to close this round?

Percentage of their time founders are spending on this.
Is there a founder with previous c-level or founder experience?
Is there a founder with exit experience?
Is there a founder with previous sector experience?
Is there a women founder with at least 5% in the team?
Year founded

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Premium Details

(Data is self reported)

Monthly Revenue

pre-revenue

Growth rate month over month

Monthly revenue context

We sold 30 composters but are still in process of producing

Number of paying customers

Monthly active users

How much have you raised in the past?

750000

Do you have a lead investor?

How much of this round already committed?

200000

When are you aiming to close this round?

Patent status

In progress

Year founded

2020

How much time do the founders spend on the business?

100%

Is there a founder with previous co-founder / c-level at startup experience?

Yes

Is there a founder with previous Sector Experience?

Yes

Is there a founder with previous Exit Experience?

What percentage of company is owned by founders?

80-99% owned by founders

Is there a women founder with at least 5% of the shares?

Is there a founder with a EUR / Erasmus MC or TUDelft relation?

Graduation year from EUR, Erasmus MC or TUDelft

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