# Magentic funding: rounds and investors > Magentic has raised $24M across 2 rounds since 2025. Investors include Sequoia Capital, First Momentum Ventures and Felicis. Every round with its source. Source: https://millionrounds.com/company/magentic (Millionrounds; every figure on the page links to its filing or article) United States · [Series A startup](https://millionrounds.com/companies) # Who invested in *Magentic* 2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Raised 2 months ago Funding summary Updated 26 Oct 2026 **$24M** raised across 2 rounds since 2025, from 2 sources **$5.5M** Seed **$18M** Series A - **Latest round:** Series A, $18M Sept 2026 - **Step-up i:** 3.3× - **Investors:** 3 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$5.5M** Seed **$18M** Series A - **First round:** Seed, $5.5M - **Biggest round:** $18M - **Between rounds:** 14 months ## The rounds - **Sept 2026** Series A **$18M** *1 new* *2 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Felicis](https://millionrounds.com/fund/felicis-ventures) [First Momentum Ventures](https://millionrounds.com/fund/first-momentum-ventures) Source recorded - **Jul 2025** Seed **$5.5M** *2 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [First Momentum Ventures](https://millionrounds.com/fund/first-momentum-ventures) Source recorded ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2025 **Series A** 2026 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [First Momentum Ventures](https://millionrounds.com/fund/first-momentum-ventures) [Felicis](https://millionrounds.com/fund/felicis-ventures) ## Everyone who backed them [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **2** rounds [First Momentum Ventures](https://millionrounds.com/fund/first-momentum-ventures) VC firm **2** rounds [Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=magentic). ## Also claim to have backed them These 2 firms list Magentic as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [The Westly Group](https://millionrounds.com/fund/westly-group) VC firm Per its own site [Actia Capital Partners](https://millionrounds.com/fund/actia-capital-partners) VC firm Per its own site ## Quick answers about Magentic ### Who invested in Magentic? Magentic's investors include Sequoia Capital, First Momentum Ventures and Felicis. ### How much has Magentic raised? Magentic has raised $24M across 2 rounds since 2025. ### When did Magentic last raise? Magentic's most recent round was a Series A of $18M in Sept 2026. ### What was Magentic's biggest round? Its most recent round, $18M in Sept 2026, is also its largest on record. ### Who backed Magentic first? Magentic's first round on record, in Jul 2025, was backed by Sequoia Capital and First Momentum Ventures. ### What stage is Magentic at? Magentic's latest named round is a Series A, in Sept 2026. ### Where is Magentic based? Magentic is based in the United States. ## Companies like Magentic In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app