About Magicho
Magicho is a company based in Tel Aviv (Israel) founded in 2019 by Michael Sonnino and Lichay Cohen.. Magicho has raised $20 thousand across 1 funding round from investors including BSH Future Home Accelerator. Magicho operates in a competitive market with competitors including Haptic, EXGwear, Umbo, MTtech and Taika Tech, among others.
- Headquarter Tel Aviv, Israel
- Founders Michael Sonnino, Lichay Cohen
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
Jan 27, 2020
- Investors
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Employee Count
Employee Count
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Funding Insights of Magicho
Magicho has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in January 2020. 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 — $20,000
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First Round
First Round
(27 Jan 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Seed - Magicho | Valuation | BSH Future Home Accelerator |
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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 Magicho
Magicho has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include BSH Future Home Accelerator. 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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Startups in home appliances sector are accelerated through focused 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 Magicho
| 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 - Magicho
| 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 |
Magicho Comparisons
Competitors of Magicho
Magicho 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 Haptic, EXGwear, Umbo, MTtech and Taika Tech, 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 |
Smart sensor materials for touch and movement detection are provided.
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| domain | founded_year | HQ Location |
Offers an AI enabled earbud
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| domain | founded_year | HQ Location |
Gesture-enabled wireless projectors for home use are developed.
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| domain | founded_year | HQ Location |
Delivers advanced multi-touch tables for commercial use.
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| domain | founded_year | HQ Location |
Developer of smart home remotes for IoT devices
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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 Magicho
When was Magicho founded?
Magicho was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Magicho located?
Magicho is headquartered in Tel Aviv, Israel.
Who is the current CEO of Magicho?
Lichay Cohen is the current CEO of Magicho. They have also founded this company.
Is Magicho a funded company?
Magicho is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Jan 27, 2020.
What does Magicho do?
Magicho was founded in 2019 in Tel Aviv, Israel, with a focus on the smart home sector. Gesture-based control technology is developed to enable intuitive interactions with home devices. Operations are based in Israel, where services are offered to integrate seamless gesture recognition into residential environments. The company is led by co-founders Lichay Cohen as CEO and Michael Sonnino as COO, supporting advancements in user-friendly automation.
Who are the top competitors of Magicho?
Magicho's top competitors include Haptic, EXGwear and Taika Tech.
Who are Magicho's investors?
Magicho has 1 investor. Key investors include BSH Future Home Accelerator.