Magic AI raised $5M in a funding round led by IW Capital to scale operations and enhance product offerings.
Nov 26, 2024•8 months ago
Amount Raised
$5 Million
Investors
Ventures TogetherSfc CapitalBaleen CapitalIw Capital
Description
Magic AI, the UK-based startup, has secured a $5 million investment round to enhance its AI-powered Magic Mirror and expand into new markets. Led by IW Capital, the round also included contributions from Baleen Capital, SFC Capital, and Ventures Together.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers