Magic AI raised $5M in a funding round led by IW Capital to scale operations and enhance product offerings.
Nov 26, 2024•about 1 year 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.
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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