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35m series bain capital

35m series bain capital:

Magical, a San Francisco, California-based entirely remote business with a platform for automating repetitive tasks, secured $35M in Series A funding.

The investment, which came after a $6 million early fundraising round raised in 2020, was led by Coatue Management and included participation from Lightspeed Capital, SV Angels, Blank Ventures, BoxGroup, Greylock, and Bain Capital Ventures, as well as current investors. Mathilde Collin of Front, Dylan Field of Figma, Joe Thomas, Shahid Khan, Vinay Hiremath of Loom, Des Traynor of Intercom, Jack Altman of Lattice, Jay Simons, Sri Viswanathan, and other angel investors participated in both rounds.

The company plans to use the money to increase operations and continue working on new features.

Magical, led by co-founder and CEO Harpaul Sambhi, Rosie Chopra, Zach Piepmeyer, and Prashant Viswanathan, offers a platform to automate repetitive chores for virtually anyone. Users have previously used it as a messaging app to access their frequently used texts swiftly. Magical can transport data between websites with only a keystroke and no integrations, accelerating processes like data entry, communications, and more. Around 10,000 companies, including Salesforce, Uber, Bolt, Disney, and Facebook, have used it in a variety of inventive ways for jobs like sales, customer support, and recruiting.


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