Magical, a San Francisco, CA-based fully-remote company with a repetitive task automation tool, raised $35M in Series A funding.
The round, which followed a $6M seed funding raised in 2020, was led by Coatue Management with support from existing investors at Greylock and Bain Capital Ventures, as well as Lightspeed Capital, SV Angels, Blank Ventures, and BoxGroup. Angel investors in both rounds include Front’s Mathilde Collin, Figma’s Dylan Field, Loom co-founders Joe Thomas, Shahed Khan, Vinay Hiremath, Intercom’s co-founder Des Traynor, Lattice founder Jack Altman, former Atlassian executives Jay Simons and Sri Viswanathan, and others.
The company intends to use the funds to expand operations and its development efforts to expand its features.
Led by Harpaul Sambhi, co-founder CEO, Rosie Chopra, Zach Piepmeyer, and Prashant Viswanathan, Magical provides a tool to automate mundane tasks for literally anyone. Until now, it has been used as a messaging app for users to quickly access their frequently used text. With no integrations and a keystroke, Magical can move data across websites, speeding up workflows like messaging, data-entry, and more. It has been used in many creative ways with roles such as sales, customer support, and recruiting by over 10,000 businesses including Salesforce, Uber, Bolt, Disney, and Facebook.
FinSMEs
06/06/2022