Funding round
Nomagic Series A
Nomagic, which works in AI-Powered robotics solutions development in Warsaw, raised $22M in a Series A round announced on 24 May 2022, led by Khosla Ventures and Almaz Capital. 7 firms took part. It is Nomagic's second venture round on record; the one before was a Seed in Feb 2020.
$22M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Nomagic did not disclose a valuation in this round. It came 27 months after Nomagic's Seed. It is 29% of the $75M Nomagic has raised in the venture rounds on record. Nomagic raised again 33 months later: a Series B round of $44M in Feb 2025.
Nomagic's funding rounds
Nomagic has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Khosla Ventures and Almaz Capital led the round with 5 other firms.
Lead investors
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 27 venture-backed companies new investor
Also in the round
- European Investment Bank backs 40 venture-backed companies new investor
- backs 55 venture-backed companies new investor
- backs 51 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
37 Series A rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $15M, and this round was 1.5 times the median. The closest in time, other companies' Series A rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 2 May 2022 | $10M | not disclosed | MK Capital |
| Industrial Machinery & Supplies | 30 Jun 2022 | $13M | not disclosed | Breakthrough Energy |
| Industrial Machinery & Supplies | 12 Mar 2022 | $35M | not disclosed | Tiger Global |
| Industrial Machinery & Supplies | 1 Mar 2022 | $15M | not disclosed | Northpond Ventures |
| Industrial Machinery & Supplies | 14 Mar 2022 | $6.6M | not disclosed | not named |
| Industrial Machinery & Supplies | 14 Jul 2022 | undisclosed | not disclosed | PTP Capital |
| Industrial Machinery & Supplies | 1 Aug 2022 | $30M | not disclosed | Virescent Ventures |
| Industrial Machinery & Supplies | 16 Aug 2022 | $20M | not disclosed | Bow Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Nomagic raise in its Series A round?
Nomagic raised $22M in its Series A round, announced in May 2022.
Who led Nomagic's Series A round?
Khosla Ventures and Almaz Capital led it, with European Investment Bank, DN Capital, Capnamic, Manta Ray and Hoxton Ventures.
What was Nomagic's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Industrial Machinery & Supplies?
37 Series A rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $15M, and this round was 1.5 times the median.
Did Nomagic raise again after this round?
Yes: a Series B round in Feb 2025 of $44M.