Magic.dev
Austrian/British-founded natural language AI assistant project for software engineers
Magic.dev has raised €130M across 2 funding rounds from 5 investors, most recently a Series B round in Feb 2024. Based in Vienna, Austria; active in AI. Data as of 28 Oct 2026.
Vienna, Austriamagic.dev ↗
Total raised
€130M
€130,403,453
Funding rounds
2
Investors
5
distinct backers
Active since
2023-02
latest 2024-02
Funding by year
EUR raised per yearMagic.dev — funding by year — interactive chart.
Data table
| Magic.dev — funding by year | |
|---|---|
| 2023 | €21M |
| 2024 | €109M |
Signals
High confidenceRaise-next likelihood24
base rate 48% for Series B
- ▼ Past typical raise window
- ▲ Up-round momentum
- ▼ Low backer re-investment
Exit likelihood10
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▼ No recent equity round (debt-only or quiet)
Timing: overdue vs cohort gap · momentum up. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
2 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2024-02-15 | Series B | €109M | CapitalG,Elad Gil,NFDG Ventures | View deal → |
| 2023-02-07 | Series A | €21M | Amplify Partners,Elad Gil,Nat Friedman | View deal → |
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