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Magento's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Magento is an open source eCommerce platform that offers omnichannel and digital transformation solutions for fashion, f... Read more

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CEO Approval Rating

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OVERVIEW

Founded:

2008

Headquarters:

Los Angeles, California
Los Angeles Metropolitan Area

Status:

PrivateSubsidiary of Adobe Inc.

Industry Sector:

Internet Software,

E-commerce

SIC Code:

7372NAICS listing »

5960NAICS listing »

Top Competitors or Alternatives

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Growth Score - 1/1

Is 812 a good estimate for Magento's Employee count?

I don't know

Trending News for Magento and Magento's Competitors

May 27, 2020

CFOtech

BigCommerce recognised as Strong Performer by Forrester Research

"We believe that our placement as a Strong Performer in both Forrester Wave reports validate the mark... See more »

May 27, 2020

Acrofan

Shopify Announces Results of its 2020 Annual Meeting of Shareholders

See more »

May 26, 2020

WooCommerce Blog

How to Protect Your Online Store

Your store's security is critical, but it doesn't have to be hard. Get the checklist of tools, strate... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Orckestra is Magento's biggest rival. Orckestra was founded in Longueuil, Quebec} in 2006. Like Magento, Orckestra also competes in the E-commerce sector. Compared to Magento, Orckestra generates $177.7M less revenue.

BigCommerce is Magento's #2 rival. BigCommerce's headquarters is in Austin, Texas, and was founded in 2009. Like Magento, BigCommerce also competes in the E-commerce space. BigCommerce generates 67% of Magento's revenue.

WebLinc is Magento's #3 competitor. WebLinc was founded in 1994 in Philadelphia, Pennsylvania. Like Magento, WebLinc also works within the Internet Software sector. WebLinc generates $168.9M less revenue than Magento.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

CEO

- -
812
$272.5M
$186.4M
1

Louis Fournier

President

61/100
102
$20M
$8.7M
2

Brent Bellm

CEO

72/100
600
$233.7M
$125M
3

Darren Hill

Co-Founder & CEO

20/100
133
$17M
$17.5M
4

Tobias Lutke

Co-Founder & CEO

60/100
1,200
$322.9M
$1.7B
5

Avishai Abrahami

Co-Founder & CEO

75/100
1,067
$127M
$769.5M
6

Vlad Magdalin

Co-Founder & CEO

82/100
150
$73.5M
$20M
7

CEO

- -
150
- -
$12M
8

Alexandre Eruimy

CEO

72/100
220
$13.6M
$19M
9

Bardia Dejban

CEO

81/100
250
$90M
$40M
10

Dan Veltri

Co-Founder

84/100
350
$39.8M
$32M
The top 10 competitors in Magento's competitive set are Orckestra, BigCommerce, WebLinc, Shopify, Wix, Webflow, WooCommerce, PrestaShop, Volusion and Weebly. Together they have raised over 937.5M between their estimated 9.4K employees. Magento's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 268.9M. Magento has 812 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 457.

Acquisitions

No recent acquisitions found related to Magento

Magento Funding History

Since Magento was founded in 2008, it has participated in 2 rounds of funding. In total Magento has raised $272.5M. Magento's last funding round was on Jan 2017 for a total of $250.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Jan 2017
$250M
Equity
Mar 2010
$22.5M
-

Total Funding: $272.5M

Since Magento was founded in 2008, it has participated in 2 rounds of funding. In total Magento has raised $272.5M. Magento's last funding round was on Jan 2017 for a total of $250.0M

Investments

No recent investments found related to Magento

Magento News

April 22, 2020Martech Series

Magento Commerce is Making AI the New Normal in E-Commerce

Introducing AI-Powered Product Recommendations for Magento Commerce. The global digital economy is gr... See more »
April 16, 2020eSellercafe

Adobe Offers Three Months Free Access to Magento Commerce During Coronavirus Crisis

Amid the coronavirus outbreak and growing containment efforts, small and mid-sized businesses are ree... See more »
April 16, 2020Tamebay

AI-Powered Product Recommendations introduced to Magento Commerce

Magento have announced that product recommendations powered by Adobe Sensei their AI and machine lear... See more »
April 9, 2020Bleeping Computer

Visa urges merchants to migrate e-commerce sites to Magento 2.x

Payments processor Visa is urging merchants to migrate their online stores to Magento 2.x before the ... See more »
March 26, 2020Benchmark Monitor

Magento website agencies all the facts

If you've recently opened an ecommerce startup, or even if you are already an established business, y... See more »
March 12, 2020SiteProNews

Are You Ready for It?

Deciding to switch your store to a different ecommerce platform is a brave move, both in terms of com... See more »
March 4, 2020Martech Series

Blueshift Integrates Shopify and Magento Platforms

These Turnkey Integrations Help Marketers Deliver More Timely, Personalized Messages and Recommendati... See more »

Magento Blogs

April 28, 2020Magento Blog

Leveraging Magento Commerce New Features In Times Of Limited Resources And Social Distancing

We continue to bring to market features that, now more than ever, will prove invaluable by allowing m... See more »
April 22, 2020Magento Blog

When 'Business Unusual' Is The New Business As Usual

Four ways eCommerce can ensure business continuity to get you through turbulent times. Read more.... See more »
April 16, 2020Magento Blog

Site Traffic Surges Toward Black Friday Levels - Now What?

While some will say traffic is too high-level of a metric to mean anything, it is undeniably a leadin... See more »
April 9, 2020Magento Blog

7 Ways to Get a Magento 2 Migration Right for SMBs

Making the Magento 1 to Magento 2 migration will give you access to multiple great features and enhan... See more »
April 6, 2020Magento Blog

Congratulations to our Adobe Digital Experience Partner of the Year Award Winners

Magento and Marketo partners are expanding their expertise to drive continued success for customers. ... See more »
April 1, 2020Magento Blog

Adobe SVP Outlines 3 Trends Driving Experience-Driven Commerce

Everyone in business is navigating uncertain times and trying to find ways to quickly adapt to the ne... See more »
April 1, 2020Magento Blog

Businesses Must Strive To Make Every Experience Shoppable

As COVID-19 changes everything about life and work, digital commerce is becoming the only way busines... See more »

Magento Press Releases

October 22, 2019StreetInsider

Yotpo Chosen as the Built-In UGC Provider for Magento Merchants, (continue reading...)

See more »
September 30, 2019PR Newswire

SoftServe Joins Magento Solution Partner Program

AUSTIN, Texas, Sept. 30, 2019 /PRNewswire/ -- SoftServe, a leading digital authority and consulting c... See more »
May 14, 2019PRWeb

NS8 Proudly Joins Magento Premier Technology Partner Program

NS8's Fraud Prevention Solution Helps Merchants Minimize Risk and Automate Fraud Management(PRWeb May... See more »
May 2, 2019PRWeb

Nexcess Hosts Opening Night Party at Magento Imagine in Las Vegas

Nexcess, a leading provider of Magento cloud hosting, will kick off Magento Imagine 2019 in Las Vegas... See more »
April 27, 2019PRWeb

Microsoft and Magento approve i95Dev's Magento connector for Dynamics 365 Finance & Operations

i95Dev is pleased to announce that our Dynamics 365 Connector for Magento is approved by Microsoft an... See more »
April 3, 2019Webnewswire

Best Magento Extensions for Magento2 Store

Magento is an open-source e-commerce platform written in PHP. The software was originally developed b... See more »
March 19, 2019PRWeb

Magento Innovations Lab selects i95Dev as a Magento Innovator

Magento Innovations Lab selects i95Dev as a Magento Innovator for the innovative and promising work t... See more »

Magento Videos

April 27, 2020Magento Youtube Channel

"Magento Innovations Lab - Pop-Up Autonomous Retail | McFadyen Digital" on YOUTUBE

See more »
January 24, 2020Magento Youtube Channel

"Magento Innovations Lab - Commerce Sneaks at Magento Imagine 2019" on YOUTUBE

See more »
September 20, 2019Magento Youtube Channel

"Leveraging Order Management for Growth" on YOUTUBE

See more »
September 3, 2019Magento Youtube Channel

"Rural King - Omnichannel eCommerce Case Study" on YOUTUBE

See more »
September 3, 2019Magento Youtube Channel

"Fashion eCommerce - Helly Hansen" on YOUTUBE

See more »
September 3, 2019Magento Youtube Channel

"Coca Cola Amatil - B2B eCommerce" on YOUTUBE

See more »
September 3, 2019Magento Youtube Channel

"Devlyn Optical - Omnichannel Retail" on YOUTUBE

See more »

Social Statistics

Headquarters

3640 Holdrege Avenue

Los Angeles, California90016

1-800-685-3624

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Summary

ABOUT

Overview

Magento, Inc. is a developer and provider of open-source content management systems for e-commerce businesses. It was founded in 2001 and headquartered in Culver City, California with approximately 250 employees. It was formerly known as Varien, Inc. ...

Website

magento.com

Frequently Asked Questions about Magento

  1. When was Magento founded?

    Magento was founded in 2008

  2. How much revenue does Magento generate?

    Magento generates $186.4M in revenue

  3. How much funding does Magento have?

    Magento has historically raised $272.5M in funding

  4. Where is Magento's headquarters?

    Magento's headquarters is in Los Angeles California, USA

  1. How many employees does Magento have?

    Magento has 812 employees

  2. What sector does Magento operate in?

    Magento is in Internet Software, E-commerce

  3. Who are Magento's competitors?

    Magento's top competitors are Orckestra, BigCommerce, WebLinc
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