About Magic Spoon
Magic Spoon is a company based in New York (United States) founded in 2019 by Gregory Sewitz and Gabi Lewis. Magic Spoon has raised $209.04 million across 5 funding rounds from investors including Lightspeed Venture Partners, Highpost Capital and Siddhi Capital. Magic Spoon offers products and services including Cereal, Treats, and Granola. Magic Spoon operates in a competitive market with competitors including Quaker Oats, Oats Overnight, Purely Elizabeth, Love Grown and MUSH, among others.
- Headquarter New York, United States
- Founders Gregory Sewitz, Gabi Lewis
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$209.04 M (USD)
in 5 rounds
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Latest Funding Round
$106.32 M (USD), Series C
Dec 08, 2022
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Investors
Lightspeed Venture Partners
& 24 more
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Employee Count
Not available
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Products & Services of Magic Spoon
Magic Spoon offers a comprehensive portfolio of products and services, including Cereal, Treats, and Granola.
High-protein, low-sugar cereal for healthy breakfast options.
Protein-packed bars made from cereal for on-the-go snacking.
High-protein granola with low sugar for versatile eating.
People of Magic Spoon
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Funding Insights of Magic Spoon
Magic Spoon has successfully raised a total of $209.04M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $106.32 million completed in December 2022. 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.
Investors in Magic Spoon
Magic Spoon has secured backing from 25 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Highpost Capital and Siddhi Capital.
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Venture investments in foodtech sectors are managed by Siddhi Capital.
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Investment in consumer shifts is facilitated by Coefficient Capital.
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Buyouts are targeted by Capital Constellation in private equity investments.
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Investor details for Magic Spoon
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Investments & Acquisitions by Magic Spoon
Investment portfolio details for Magic Spoon
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Financial Statements - Magic Spoon
Detailed financials for Magic Spoon
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Magic Spoon Comparisons
Peer comparison for Magic Spoon
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Competitors of Magic Spoon
Magic Spoon 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 Quaker Oats, Oats Overnight, Purely Elizabeth, Love Grown and MUSH, among others.
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Oatmeal products, cereals, and snacks are produced and distributed.
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Brand of oats
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Organic granola, cereal, and oatmeal are manufactured by the company.
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Food products including cereals and granolas are manufactured and marketed.
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Oats brand
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Detailed competitors of Magic Spoon
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Latest news on Magic Spoon
Complete news archive for Magic Spoon
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Frequently Asked Questions about Magic Spoon
Magic Spoon was founded in 2019.
Magic Spoon is headquartered in New York, United States. It is registered at New York, New York, United States.
Magic Spoon is a funded company, having raised a total of $209.04M across 5 funding rounds to date.
Magic Spoon was established in 2019 in New York, United States, as an internet-first brand in the food sector. Breakfast cereals are produced and distributed online, with features including low carbohydrates, gluten-free formulations, and absence of artificial colors. A range of flavors such as fruity, cocoa, peanut butter, and blueberry is provided to consumers across the country.
Magic Spoon's top competitors include Purely Elizabeth, Quaker Oats and Oats Overnight.
Magic Spoon offers Cereal, Treats, and Granola.
Magic Spoon has 25 investors. Key investors include Lightspeed Venture Partners, Highpost Capital, Siddhi Capital, Coefficient Capital, and Capital Constellation.