Funding round
Magic Leap Series G
Magic Leap, which works in augmented reality device manufacturing in Plantation, raised $500M in a Series G round announced on 11 Oct 2021, at a $2.00B post-money valuation. It is Magic Leap's fifth venture round on record; the one before was a Growth in Apr 2019.
$500M
Amount raised
$2.00B
Post-money valuation
0.3x
Step-up from the Growth
$6.40B in Apr 2019
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Magic Leap at $2.00B after the new money, 0.3 times the $6.40B of its Growth (Apr 2019). The $500M bought investors about 25% of the company. It came 30 months after Magic Leap's Growth. It is 19% of the $2.62B Magic Leap has raised in the venture rounds on record. No later venture round is on record for Magic Leap.
Magic Leap's funding rounds
Magic Leap has 5 venture rounds on record. This one is highlighted.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $250M, and this round was 2.0 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Collibra Tech Companies | 9 Nov 2021 | $250M | $5.25B | Sequoia Capital and Sofina |
| Carta Tech Companies | 13 Aug 2021 | $500M | $7.40B | Silver Lake |
| Sysdig Tech Companies | 15 Dec 2021 | $350M | $2.50B | Permira |
| ShareChat Tech Companies | 16 Dec 2021 | $266M | $3.70B | Alkeon |
| Seismic Tech Companies | 16 Aug 2021 | $170M | $3.00B | Permira |
| DataRobot Tech Companies | 27 Jul 2021 | $300M | $6.30B | Altimeter and Tiger Global |
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Magic Leap raise in its Series G round?
Magic Leap raised $500M in its Series G round, announced in Oct 2021.
What was Magic Leap's valuation at the Series G round?
$2.00B post-money.
How does it compare with other Series G rounds in Tech Companies?
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $250M, and this round was 2.0 times the median.