How Much Did Magic Auto Raise?
Funding & Key Investors

Magic Auto has secured $31K in recent financing, contributing to a total funding amount of $31K. This substantial expansion capital injection signifies a significant growth phase for the company, likely aligning with a Series B/C stage of development. The recent investment underscores investor confidence in Magic Auto's operational model and market position within the automotive services sector.

What is Magic Auto?

Magic Auto
Consumer ServicesAutomotive Service & Collision RepairAutomobile Dealers

Magic Auto, Inc. is a comprehensive automotive service provider based in Des Plaines, Illinois. The company offers a full spectrum of services, encompassing used car sales, routine maintenance, complex repairs, and professional body work. Equipped with advanced tools and machinery, Magic Auto handles everything from basic oil changes to intricate engine rebuilds and collision repairs. Their dedicated body shop manages insurance claims and custom modifications, ensuring efficient and high-quality service delivery. The business caters to a broad customer base, including individuals seeking reliable, inspected pre-owned vehicles.

How much funding has Magic Auto raised?

Magic Auto has raised a total of $31K across 1 funding round:

2021

Debt

$31K

Debt (2021): $31K with participation from PPP

What's next for Magic Auto?

With the recent influx of expansion capital, Magic Auto is poised for significant operational scaling and market penetration. The substantial funding suggests a strategic focus on enhancing service capabilities, potentially expanding its physical footprint, or investing in new technologies to streamline operations and customer experience. This financial backing is expected to fuel further growth, allowing Magic Auto to solidify its position as a leading automotive service provider in its region and potentially beyond.

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Frequently Asked Questions Regarding Magic Auto Financial Insights

What are the most recent funding rounds that Magic Auto has completed, and what were the funding rounds?
Magic Auto has recently completed 1 funding rounds: Debt on Jan 30, 2021.
What is the total amount of funding Magic Auto has raised to date?
Magic Auto has raised a total of $31K in funding to date.
How many funding rounds has Magic Auto completed?
Magic Auto has completed 1 funding rounds.
How much funding did Magic Auto raise in its most recent funding round?
Magic Auto raised $31K in its most recent funding round.
Who are the lead investors in Magic Auto's latest funding round?
The lead investor in Magic Auto's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Magic Auto's history?
The largest funding round in Magic Auto's history was $31K.
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