MAGFAST has reportedly secured substantial funding across several different offerings carried out via Netcapital.
According to a release, this is the second-largest total amount secured under Reg CF in the consumer packaged goods industry per KingsCrowd.
Netcapital Inc. (Nasdaq: NCPL, NCPLW), a digital private capital markets ecosystem, recently revealed that MAGFAST, a charging device company, has raised more than $10 million through “multiple offerings on the Netcapital funding portal platform.”
MAGFAST reportedly designs and markets “a suite of charging products for phones, tablets, and other personal electronics.”
As explained in the announcement, the company’s modular system of wireless and wired chargers is aimed “at improving convenience for everyday use at home and on the go.”
To date, MAGFAST has reportedly raised more than “$10 million through equity offerings and continues to expand its product offerings with an innovative system of charging products.”
As reported recently, Netcapital Inc. announced that graphene-licensing technology company, Avadain, raised more than $1.275 million within the first 24 hours of launching its third offering on the Netcapital funding portal platform.
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