About Magic Lane
Magic Lane is a company based in Pfaffikon (Switzerland) founded in 1990.. Magic Lane has raised $3.23 million across 1 funding round from investors including No Such Ventures. Magic Lane offers products and services including Maps, Routes & Navigation, and Magic Studio. Magic Lane operates in a competitive market with competitors including Factual, Blue Marble Geographics, Carmenta, HyXen Technology and Sundosoft, among others.
- Headquarter Pfaffikon, Switzerland
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.23 M (USD)
in 1 rounds
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Latest Funding Round
$3.23 M (USD), Unspecified
May 13, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Magic Lane
Magic Lane offers a comprehensive portfolio of products and services, including Maps, Routes & Navigation, and Magic Studio. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers detailed maps with offline access for various applications.
Provides optimized routing for vehicles and outdoor activities.
Enables customizable mapping and route optimization features.
Funding Insights of Magic Lane
Magic Lane has successfully raised a total of $3.23M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $3.23 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Unspecified — $3.2M
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First Round
First Round
(13 May 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2024 | Amount | Unspecified - Magic Lane | Valuation | No Such Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magic Lane
Magic Lane has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include No Such Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magic Lane
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Magic Lane
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magic Lane Comparisons
Competitors of Magic Lane
Magic Lane operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Factual, Blue Marble Geographics, Carmenta, HyXen Technology and Sundosoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Platform offering data management solution
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| domain | founded_year | HQ Location |
Provides geospatial software and services for professional applications.
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| domain | founded_year | HQ Location |
End-to-end geospatial products and solutions are provided for various industries.
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| domain | founded_year | HQ Location |
It functions as an offers multi-category mobile applications.
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| domain | founded_year | HQ Location |
GIS software and GPS hardware solutions are provided by Sundosoft.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Magic Lane
When was Magic Lane founded?
Magic Lane was founded in 1990 and raised its 1st funding round 34 years after it was founded.
Where is Magic Lane located?
Magic Lane is headquartered in Pfaffikon, Switzerland. It is registered at Pfaffikon, Zurich, Switzerland.
Is Magic Lane a funded company?
Magic Lane is a funded company, having raised a total of $3.23M across 1 funding round to date. The company's 1st funding round was a Unspecified of $3.23M, raised on May 13, 2024.
What does Magic Lane do?
Provider of maps, location, and navigation platform for developers. It offers an interactive map with the ability to compute and render routes between preset departure and destination points, also simulate navigation along the route.
Who are the top competitors of Magic Lane?
What products or services does Magic Lane offer?
Magic Lane offers Maps, Routes & Navigation, and Magic Studio.
Who are Magic Lane's investors?
Magic Lane has 1 investor. Key investors include No Such Ventures.