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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Magine Studios, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
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.
| 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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Seed-stage investments in US tech companies are targeted.
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Investor details for Magic Story
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Investments & Acquisitions by Magic Story
Investment portfolio details for Magic Story
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Financial Statements - Magic Story
Detailed financials for Magic Story
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Magic Story Comparisons
Peer comparison for Magic Story
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- Named peers
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online storytelling platform
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Art-inspired stories are created collaboratively on an online platform.
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Provider of social storytelling platform
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Social media content curation platform
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Provider of a storytelling platform
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Detailed competitors of Magic Story
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Latest news on Magic Story
Complete news archive for Magic Story
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Frequently Asked Questions about Magic Story
Magic Story was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Magic Story is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Erik Ober is the current CEO of Magic Story. They have also founded this company.
Magic Story is a funded company, having raised a total of $4M across 1 funding round to date.
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.
Magic Story's top competitors include Wattpad, Remento and TerriblyTinyTales.
Magic Story offers Personalized Children's Books and Custom Book Subscription.
Magic Story has 2 investors. Key investors include Point72 Ventures, and The House Fund.