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Magfast

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MAGFAST LLC

Industrial & Manufacturing · Founded 2017

MAGFAST is a revolutionary new family of wireless magnetic chargers that change charging for good.

Raising nowRaising now on Netcapital

This company has an open fundraising round.

$527K raised205 days left
View the live round
Post-money valuation ⓘ
$10.7M
As of Apr 2025 · from Reg CF Offering (2024-10-15) · pre-money + amount raised, not a traded price
Total raised
$13,692,659
Across 9 rounds since 2020
Latest share price
$15.77
Reg CF · Common Stock · Jun 2026 offering price

Financials

FY2018–FY2025 · from SEC filings · hover any figure for its source
$0
−$885K
2018
$0
−$2.4M
2019
$0
−$4.8M
2020
$0
−$4.3M
2021
$1.1M
−$3.3M
2022
$2.6M
−$3.6M
2023
$1.4M
−$2.7M
2024
$1.1M
−$1.9M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed
FY2020 audited
FY2021 unaudited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$0
$0
$0
$1,063,544
$2,639,314
$1,397,546
$1,066,334
Cost of goods sold
$0
$0
$0
$0
$716,521
$1,677,253
$783,408
$353,168
Gross margin
—
—
—
—
33%
36%
44%
67%
Net income
-$884,514
-$2,406,931
-$4,811,177
-$4,267,907
-$3,305,927
-$3,634,653
-$2,663,700
-$1,875,674
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$554,904
$1,185,735
$1,650,223
$2,662,369
$1,102,966
$1,271,585
$75,536
$375,030
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$0
Total assets
$749,359
$1,462,165
$2,883,896
$4,979,055
$4,571,573
$3,598,953
$2,262,369
$3,037,249
Short-term debt
$127,084
$127,084
$127,084
$127,084
$233,174
$662,123
$434,859
$379,640
Long-term debt
$0
$0
$0
$0
$0
$0
$0
$0
Total liabilities
$127,084
$127,084
$10,458,285
$127,084
$233,174
$662,123
$434,859
$379,640
Other
Headcount
—
2
2
2
2
2
2
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$20.0M
pre-money
$39.9M
est. pre-money
$35.6M
est. pre-money
$40.2M
est. pre-money
$9.2M
pre-money
$41.8M
est. pre-money
$41.8M
est. pre-money
Reg CF · Common · Nov 2020
Reg A+ · Equity · Feb 2022
Reg CF · Common · Nov 2022
Reg CF · Common · Apr 2024
Reg CF · Common · Oct 2024
Reg CF · Common · Apr 2026
Reg CF · Common · Jun 2026

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$15.77$7.885$10.00
Nov 2020Jun 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2024
ClassOutstandingVotes / shareShare of totalVotesLiquidationLast price
Common Units2,650,262none100.0%—paid 2nd$15.77Jun 2026

Shares outstanding over timein today's share terms

2.7M1.3M0
Feb 2022Dec 2024
Common UnitsRound opened

Principal holders% as the filing states it, Jun 23, 2026

  • Amy Rau Segnit and Seymour Segnit1,487,588 COMMON UNITS100.0%of votes
  • Mischievous1,487,588 Common Units100.0%of votes

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $527.3K / $4.5MEst. pre-money $41.8M
Raised $444.3K / $4.7MEst. pre-money $41.8M
Raised $1.6M / $3.6MPost-money $10.7M
Raised $1.3M / $4.5MEst. pre-money $40.2M
Raised $1.6M / $3.4MEst. pre-money $35.6M
Raised $0 / $8.9MEst. pre-money $39.9M
Raised $5M / $5M
Raised $2.2M / $1.1M
Raised $1.1M / $1.1MPost-money $21.1M

Team

5 people
Amy Rau Segnit
Mrs. Segnit will remain in office until she resigns or is removed.
Neil Scaife
Mr. Scaife serves on an “at-will” basis.
Rex Northen
Mr. Northen serves on an “at-will” basis.
Rich Warwick
Mr. Warwick serves on an “at-will” basis.
Seymour Segnit
Mr. Segnit will remain in office until he resigns or is removed.

Names and titles as disclosed on SEC Form 1-A, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 6 of 6 annual reports (FY2020–FY2025)

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C/AJul 31, 20260001669191-26-000253
    EDGAR
  • Form C/AJul 23, 20260001669191-26-000230
    EDGAR
  • Form C/AJul 23, 20260001669191-26-000232
    EDGAR
  • Form C-ARJun 23, 20260001669191-26-000194
    EDGAR
  • Form CJun 23, 20260001669191-26-000200
    EDGAR
  • Form C-UMay 15, 20260001669191-26-000179
    EDGAR
  • Form C/AApr 24, 20260001669191-26-000138
    EDGAR
  • Form C/AApr 23, 20260001669191-26-000136
    EDGAR
Source: ManualCIK 0001719420Share price $15.77

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.