About Magic
Magic is a company based in San Francisco (United States) founded in 2015.. Magic has raised $12.12 million across 2 funding rounds from investors including Sequoia Capital and Y Combinator. Magic offers products and services including Executive Assistants and Magic 24/7. Magic operates in a competitive market with competitors including Zirtual, Wishup, Umee Technologies, Qinmi and Wing, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Magic, 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
$12.12 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series A
Mar 27, 2015
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Investors
Sequoia Capital
& 1 more
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Employee Count
Employee Count
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Products & Services of Magic
Magic offers a comprehensive portfolio of products and services, including Executive Assistants and Magic 24/7. 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.
Platform for delegating executive and admin tasks to trained professionals.
On-demand support for urgent tasks and backup assistance anytime.
Unlock access to complete
Funding Insights of Magic
Magic has successfully raised a total of $12.12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in March 2015. 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 2
- Last Round Series A — $12.0M
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First Round
First Round
(23 Mar 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Series A - Magic | Valuation | Sequoia Capital |
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| Mar, 2015 | Amount | Seed - Magic | Valuation | Y Combinator |
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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
Magic has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Sequoia Capital and Y Combinator. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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
| 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
| 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 Comparisons
Competitors of Magic
Magic 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 Zirtual, Wishup, Umee Technologies, Qinmi and Wing, 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 |
Virtual assistants are provided for scheduling, research, and reservations.
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| domain | founded_year | HQ Location |
Virtual personal assistants are hired via an online platform.
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| domain | founded_year | HQ Location |
Voice-based virtual assistance tools are offered for enterprise sales professionals.
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| domain | founded_year | HQ Location |
Provides a chat-based concierge service tailored for business-to-business needs.
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| domain | founded_year | HQ Location |
Cloud-based contract workforce recruitment platform for virtual assistants
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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
Frequently Asked Questions about Magic
When was Magic founded?
Magic was founded in 2015.
Where is Magic located?
Magic is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Magic a funded company?
Magic is a funded company, having raised a total of $12.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Mar 23, 2015.
What does Magic do?
Magic was founded in 2015 in San Francisco, United States. On-demand virtual assistant services are delivered through SMS in the consumer technology sector. User requests for tasks like cab bookings, food orders, and product purchases are processed. Requirements are interpreted, with follow-up questions posed for clarification. Tasks are executed upon user confirmation and response. Operations focus on seamless, text-based assistance.
Who are the top competitors of Magic?
Magic's top competitors include Zirtual, Wishup and Umee Technologies.
What products or services does Magic offer?
Magic offers Executive Assistants and Magic 24/7.
Who are Magic's investors?
Magic has 2 investors. Key investors include Sequoia Capital, and Y Combinator.
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