Tech Company Financing Transactions
Magic Funding Round
Magic, based in Sacramento, raised $52 million from PayPal, Cherubic Ventures and KX Technology Fund.
Transaction Overview
Company Name
Announced On
5/31/2023
Transaction Type
Venture Equity
Amount
$52,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand its enterprise-ready product suite to support its customer base.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
1625 North Market Blvd. N 112
Sacramento, CA 95834
USA
Sacramento, CA 95834
USA
Phone
Website
Email Address
Overview
We have trained operators standing by 24/7 to answer every one of your requests. Send us a text message, and we'll get you what you want. We'll order what you need from the appropriate service (e.g. DoorDash, Instacart, Postmates, etc.), and deal with them so you just automatically get what you want, like magic...
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mike Chen
Co-Founder
Aaron Kemmer
Browse more venture capital transactions:
Prev: 5/31/2023: Hubble Network venture capital transaction
Next: 5/31/2023: Violet Therapeutics venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC transactions on this site are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs