# Magentic funding rounds and investors

As of 8 Nov 2026, Magentic has raised $23.4M across 2 verified rounds on record (amounts in other currencies converted to USD); latest: $18 million Series A led by Felicis, announced 17 Sep 2026.

An agentic platform for procurement data

Website: https://magentic.com  
Headquarters: London, UK  
Page: https://fireround.dev/companies/magentic

## Verified rounds

| Announced | Round | Amount | Lead investors | Other investors | Sources |
| --- | --- | --- | --- | --- | --- |
| 2026-09-17 | Series A | $18 million | Felicis | First Momentum Ventures, Sequoia Capital, The Westly Group | [magentic.com](https://www.magentic.com/stories/magentic-raises-18m), [newswire.ca](https://www.newswire.ca/news-releases/magentic-raises-18m-to-build-the-ai-workforce-for-the-physical-world-832509223.html), [prnewswire.com](https://www.prnewswire.com/news-releases/magentic-raises-18m-to-build-the-ai-workforce-for-the-physical-world-302882356.html) |
| 2025-07-22 | Funding round | €4.6 million | Sequoia Capital | Airbus Ventures, First Momentum Ventures, Hugging Face, Ironclad, McKinsey & Company, Rosberg Ventures, SAP, The Westly Group | [prnewswire.com](https://www.prnewswire.com/news-releases/magentic-raises-5-5m-to-meet-demand-for-ai-driven-savings-in-tariff-hit-supply-chains-302510683.html), [eu-startups.com](https://www.eu-startups.com/2025/07/ai-agents-hit-the-supply-chain-british-ai-startup-magentic-raises-e4-6-million-to-scale-enterprise-automation), [finance.yahoo.com](https://finance.yahoo.com/news/magentic-raises-5-5m-meet-110000797.html) |

Source: Fireround (https://fireround.dev), an open-source funding feed. Each round is checked against the pages listed with it.