Funding round
Magic Leap Growth
Reported as "Growth Equity"
Magic Leap, which works in augmented reality device manufacturing in Plantation, raised $280M in a Growth round announced on 26 Apr 2019, led by NTT DoCoMo Ventures, at a $6.40B post-money valuation. 1 firm took part. It is Magic Leap's fourth venture round on record; the one before was a Series D in Oct 2017.
$280M
Amount raised
$6.40B
Post-money valuation
$6.12B pre-money
1
Investors
1 lead
1.4x
Step-up from the Series C
$4.50B in Feb 2016
4.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Magic Leap at $6.40B after the new money, 1.4 times the $4.50B of its Series C (Feb 2016). The $280M bought investors about 4.4% of the company. It came 18 months after Magic Leap's Series D. It is 11% of the $2.62B Magic Leap has raised in the venture rounds on record. Magic Leap raised again 30 months later: a Series G round of $500M in Oct 2021, at $2.00B post-money.
Magic Leap's funding rounds
Magic Leap has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
NTT DoCoMo Ventures led the round.
Lead investor
- backs 45 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
228 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 6.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Apr 2019 | $160M | $1.20B | Bridgepoint |
| Tech Companies | 25 Apr 2019 | $100M | not disclosed | not named |
| Tech Companies | 9 Apr 2019 | $60M | $1.00B | not named |
| Tech Companies | 23 Apr 2019 | $60M | not disclosed | not named |
| Tech Companies | 16 Apr 2019 | $27M | not disclosed | Industry Ventures |
| Tech Companies | 30 Apr 2019 | $20M | not disclosed | Smedvig Capital |
| Tech Companies | 3 Apr 2019 | $10M | not disclosed | Dawn Capital |
| Tech Companies | 23 Apr 2019 | $7.5M | not disclosed | Resolve Growth Partners |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Magic Leap raise in its Growth round?
Magic Leap raised $280M in its Growth round, announced in Apr 2019.
Who led Magic Leap's Growth round?
NTT DoCoMo Ventures led it.
What was Magic Leap's valuation at the Growth round?
$6.40B post-money ($6.12B pre-money).
How does it compare with other Growth rounds in Tech Companies?
228 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 6.2 times the median.
Did Magic Leap raise again after this round?
Yes: a Series G round in Oct 2021 of $500M at $2.00B post-money.