# Magma funding: rounds and investors

> Magma has raised $5.5M across 2 rounds since 2023. Investors include Y Combinator, Gaingels and Anorak Ventures. Every round with its source.

Source: https://millionrounds.com/company/magma (Millionrounds; every figure on the page links to its filing or article)

United States · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Magma*

2 rounds we have observed, with the 5 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.

Collaboration Tools

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$5.5M** raised across 2 rounds since 2023, from 2 sources

**$5.0M** Seed **$500K** Pre-seed

- **Latest round:** Pre-seed, $500K Sept 2026
- **Biggest round:** $5.0M Seed · Dec 2023
- **Investors:** 5

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.

2024 2025 2026

**$5.0M** Seed

**$500K** Pre-seed

- **First round:** Seed, $5.0M
- **Biggest round:** $5.0M
- **Between rounds:** 2.8 years

## The rounds

- **Sept 2026** Pre-seed **$500K** *1 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded
- **Dec 2023** Seed **$5.0M** *4 new* [Gaingels](https://millionrounds.com/fund/gaingels) [Anorak Ventures](https://millionrounds.com/fund/anorak-ventures) [GFR Fund](https://millionrounds.com/fund/gfr-fund) [4Founders Capital](https://millionrounds.com/fund/4founders-capital) 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** 2023 **Pre-seed** 2026 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Gaingels](https://millionrounds.com/fund/gaingels) [Anorak Ventures](https://millionrounds.com/fund/anorak-ventures) [GFR Fund](https://millionrounds.com/fund/gfr-fund) [4Founders Capital](https://millionrounds.com/fund/4founders-capital)

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[Anorak Ventures](https://millionrounds.com/fund/anorak-ventures) VC firm **1** round

[GFR Fund](https://millionrounds.com/fund/gfr-fund) VC firm **1** round

[4Founders Capital](https://millionrounds.com/fund/4founders-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=magma).

## Quick answers about Magma

### Who invested in Magma?

Magma's investors include Y Combinator, Gaingels, Anorak Ventures, GFR Fund and 4Founders Capital.

### How much has Magma raised?

Magma has raised $5.5M across 2 rounds since 2023.

### When did Magma last raise?

Magma's most recent round was a Pre-seed of $500K in Sept 2026.

### What was Magma's biggest round?

Magma's largest round on record is $5.0M (Seed), in Dec 2023.

### Who backed Magma first?

Magma's first round on record, in Dec 2023, was backed by Gaingels, Anorak Ventures and GFR Fund and 1 others.

### What stage is Magma at?

Magma's latest named round is a Pre-seed, in Sept 2026.

### Where is Magma based?

Magma is based in the United States.

## Companies like Magma

In the same sector, and raised in the last eighteen months.

[**Town** $241M · Oct 2026](https://millionrounds.com/company/town)[**Scuba** $34M · Oct 2026](https://millionrounds.com/company/scuba)[**Balance Theory** $14M · Sept 2026](https://millionrounds.com/company/balance-theory)[**Fambot** $3.5M · Sept 2026](https://millionrounds.com/company/fambot)[**Rocketlane** $84M · Jul 2026](https://millionrounds.com/company/rocketlane)[**GivingTuesday** $4.0M · Jun 2026](https://millionrounds.com/company/givingtuesday)

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