# Magic Leap

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magic-leap

- Industry: Consumer Products
- Headquarters: Plantation, US
- Website: www.magicleap.com
- Total disclosed funding: $1.8B
- Latest round: Series D (Oct 11, 2017)
- Investors on record: 23

## About

Founded in 2011 and based in Florida, US, Magic Leap, Inc. operates as a spatial-computing company. As of 2021, Peggy Johnson is the CEO of the company. In 2019, Magic Leap, Inc. raised USD 280 million in venture funding led by new investor NTT DOCOMO Ventures. In 2020, the company raised USD 350 million in venture funding from unspecified new and returning investors. In October 2021, it raised USD 500 million in venture funding from unspecified investors.

The company develops and manufactures an augmented reality platform called Magic Leap One, a wearable headset equipped with computer vision and spatial audio that enables digital objects to interact with the physical environment both visually and audibly. The company also offers augmented reality (AR) solutions that allow content creators to create and display interactive digital content in physical space and objects. Its AR solutions for enterprises help optimize processes, productivity and upskill the workforce.

Magic Leap, Inc. plans to use the venture funding in October 2021 to focus on delivering augmented reality (AR) solutions, including the roll-out of its second-generation product "Magic Leap 2" by 2022.

## Funding rounds

- Series D, Oct 11, 2017, $502M — T Rowe Price, Temasek Holdings, SG Growth Capital, JP Morgan Asset Management, Fidelity Investments, Google Inc., Alibaba Group, Axel Springer Digital Ventures, Janus Henderson Investors, Grupo Globo
- Series C, Dec 8, 2015, $794M — T Rowe Price, Morgan Stanley Investment Management, Wellington Management, JP Morgan Asset Management, Fidelity Investments, Qualcomm Ventures, Alphabet, Warner Bros., Alibaba Group, K2 Global
- Series B, Oct 21, 2014, $542M — Kleiner Perkins, KKR, Qualcomm Ventures, Andreessen Horowitz, Vulcan, Alphabet, Prometheus Capital, Obvious, Legendary Ventures

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B
- KKR (https://capitalatlas.ai/funds/kkr) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B, Series C
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B
- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series B
- Alphabet — Series B, Series C
- Prometheus Capital (https://capitalatlas.ai/funds/prometheus-capital) — Series B
- Obvious (https://capitalatlas.ai/funds/obvious) — Series B
- Legendary Ventures (https://capitalatlas.ai/funds/legendary-ventures) — Series B
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C, Series D
- Morgan Stanley Investment Management — Series C
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series C
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series C, Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C, Series D
- Warner Bros. — Series C
- Alibaba Group — Series C, Series D
- K2 Global (https://capitalatlas.ai/funds/k2-global) — Series C
- Temasek Holdings — Series D
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series D
- Google Inc. — Series D
- Axel Springer Digital Ventures (https://capitalatlas.ai/funds/axel-springer-digital-ventures) — Series D
- Janus Henderson Investors — Series D
- Grupo Globo — Series D