About Magic Story
Magic Story is a company based in Los Angeles (United States) founded in 2023 by Alex H and Erik Ober.. Magic Story has raised $4 million across 1 funding round from investors including Point72 Ventures and The House Fund. Magic Story offers products and services including Personalized Children's Books and Custom Book Subscription. Magic Story operates in a competitive market with competitors including Wattpad, Storybird, TerriblyTinyTales, Storify and Miraquill, among others.
- Headquarter Los Angeles, United States
- Founders Alex H, Erik Ober
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Magine Studios, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Nov 12, 2024
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Investors
Point72 Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Magic Story
Magic Story offers a comprehensive portfolio of products and services, including Personalized Children's Books and Custom Book Subscription. 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.
Custom stories featuring kids as heroes to teach values and build confidence.
Monthly delivery of personalized books for ongoing child development.
Funding Insights of Magic Story
Magic Story has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in November 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 Seed — $4.0M
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First Round
First Round
(12 Nov 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Seed - Magic Story | Valuation | Point72 Ventures , The House Fund |
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| 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 |
Investors in Magic Story
Magic Story has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Point72 Ventures and The House Fund. 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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Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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Founded Year | Domain | Location | |
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Seed-stage investments in US tech companies are targeted.
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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 Story
| 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 Story
| 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 Story Comparisons
Competitors of Magic Story
Magic Story 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 Wattpad, Storybird, TerriblyTinyTales, Storify and Miraquill, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online storytelling platform
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| domain | founded_year | HQ Location |
Art-inspired stories are created collaboratively on an online platform.
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| domain | founded_year | HQ Location |
Provider of social storytelling platform
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| domain | founded_year | HQ Location |
Social media content curation platform
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| domain | founded_year | HQ Location |
Provider of a storytelling platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Magic Story
Frequently Asked Questions about Magic Story
When was Magic Story founded?
Magic Story was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Magic Story located?
Magic Story is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Magic Story?
Erik Ober is the current CEO of Magic Story. They have also founded this company.
Is Magic Story a funded company?
Magic Story is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Nov 12, 2024.
What does Magic Story do?
Magic Story was founded in 2023 in Los Angeles, United States, as an AI-driven platform in the edutainment sector. Personalized digital stories, featuring users children alongside various characters, are purchased through the companys website and accessed via iOS applications. Operations focus on creating interactive content tailored for young audiences, with distribution limited to mobile devices in the region.
Who are the top competitors of Magic Story?
Magic Story's top competitors include Wattpad, Remento and TerriblyTinyTales.
What products or services does Magic Story offer?
Magic Story offers Personalized Children's Books and Custom Book Subscription.
Who are Magic Story's investors?
Magic Story has 2 investors. Key investors include Point72 Ventures, and The House Fund.
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