How Much Did Magic Auto Raise?
Funding & Key Investors

Magic Auto has secured a total funding amount of $31K to date, with a recent capital injection of $31K designated for substantial expansion. This financing round, occurring around January 30, 2021, signifies a pivotal moment for the company as it navigates its significant Series B/C stage of growth.

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, Magic Auto handles everything from basic oil changes to intricate engine rebuilds and collision repairs, including insurance-related work and custom modifications. Their commitment to timely and professional service caters to a diverse clientele, particularly those seeking reliable, inspected used 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

Key Investors in Magic Auto

PPP

Public-Private Partnership

What's next for Magic Auto?

With the recent influx of substantial expansion capital, Magic Auto is poised for significant growth. The company's strategic positioning in the automotive service sector, combined with its comprehensive offerings, suggests a focus on scaling operations, potentially expanding its service footprint, and enhancing its technological capabilities. This investment will likely fuel initiatives aimed at increasing market share and solidifying its reputation as a trusted provider of automotive solutions.

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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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