Funding round
Nomagic Series B
Nomagic, which works in AI-Powered robotics solutions development in Warsaw, raised $44M in a Series B round announced on 27 Feb 2025, led by European Bank for Reconstruction and Development. 4 firms took part. It is Nomagic's third venture round on record; the one before was a Series A in May 2022.
$44M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Nomagic did not disclose a valuation in this round. It came 33 months after Nomagic's Series A. It is 59% of the $75M Nomagic has raised in the venture rounds on record. No later venture round is on record for Nomagic.
Nomagic's funding rounds
Nomagic has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
European Bank for Reconstruction and Development led the round with 3 other firms.
Lead investor
- backs 30 venture-backed companies new investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- backs 25 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
31 Series B rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $40M, and this round was close to the median. The closest in time, other companies' Series B rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 20 Feb 2025 | $7.0M | not disclosed | HELLA Ventures |
| NEURA Robotics Industrial Machinery & Supplies | 15 Jan 2025 | $124M | not disclosed | Lingotto Investment Management |
| Industrial Machinery & Supplies | 11 Mar 2025 | $50M | not disclosed | Export Development Canada |
| Industrial Machinery & Supplies | 16 Jan 2025 | $37M | not disclosed | Hy24 and Suma Capital |
| Industrial Machinery & Supplies | 12 Mar 2025 | $22M | not disclosed | not named |
| Industrial Machinery & Supplies | 23 Apr 2025 | $63M | not disclosed | General Catalyst |
| Industrial Machinery & Supplies | 17 Dec 2024 | $28M | not disclosed | DCVC |
| Industrial Machinery & Supplies | 23 Apr 2025 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Nomagic raise in its Series B round?
Nomagic raised $44M in its Series B round, announced in Feb 2025.
Who led Nomagic's Series B round?
European Bank for Reconstruction and Development led it, with Khosla Ventures, Almaz Capital and Manta Ray.
What was Nomagic's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Industrial Machinery & Supplies?
31 Series B rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $40M, and this round was close to the median.