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
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
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
Magic LinkedIn Company Profile
Social Media
Magic Company Twitter Account
Company News
Magic News
Facebook
Magic on Facebook
YouTube
Magic on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mike Chen
  Mike Chen LinkedIn Profile  Mike Chen Twitter Account  Mike Chen News  Mike Chen on Facebook
Co-Founder
Aaron Kemmer
  Aaron Kemmer LinkedIn Profile  Aaron Kemmer Twitter Account  Aaron Kemmer News  Aaron Kemmer on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/31/2023: Hubble Network venture capital transaction
Next: 5/31/2023: Violet Therapeutics venture capital transaction

 

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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.

 


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