# Magical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magical

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.magicalhq.com
- Total disclosed funding: $3.3M
- Latest round: Seed (Feb 18, 2021)
- Investors on record: 6

## About

Magical Ltd. is a productivity software company based in the US, specializing in AI-driven tools that enhance note-taking and meeting management for professionals across various industries.Founded in 2020 and headquartered in Los Angeles, US, Magical Ltd. develops software solutions that streamline meeting processes. The company raised USD 3.3 mn in Seed funding on February 18, 2021, led by Resolute Ventures with participation from Aviv Growth Partners, Fusion LA, Homeward Ventures, Ibex Investors, and ORR Partners. Mr. Tommy Barav serves as both CEO and founder of the company.Magical Ltd. offers timeOS, an AI-driven productivity suite designed to optimize capturing and organizing meeting notes. The platform features an automated note-taker that integrates with Google Meet, Zoom, and Microsoft Teams, providing real-time transcriptions and summaries in over 60 languages. timeOS also includes Instant Briefs, preparing users for meetings by leveraging previous notes and communications, catering to professionals in fast-paced, multilingual environments across North America, Europe, and parts of Asia.Magical Ltd. operates on a subscription model, offering various pricing tiers to accommodate different user needs. Clients can access timeOS through annual plans, with occasional promotional discounts. This model facilitates predictable recurring revenue, as organizations utilize the platform for ongoing meeting management. The company may also pursue partnerships for B2B transactions, integrating its functionalities into existing workflows, thus ensuring a stable user base.Following the recent Seed funding of USD 3.3 mn in February 2021, Magical Ltd. plans to enhance its product offerings and expand into new markets. The funding will be allocated towards the development of new features and products designed to further streamline productivity for users. Additionally, there are intentions to increase market presence in Europe and Asia by the end of 2022, enabling more professionals to benefit from their innovative solutions.

## Funding rounds

- Seed, Feb 18, 2021, $3.3M — Ibex Investors, ORR Partners, Resolute Ventures, Fusion, Homeward Ventures, Aviv Growth Partners

## Investors

- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Seed
- ORR Partners — Seed
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed
- Fusion (https://capitalatlas.ai/funds/fusion) — Seed
- Homeward Ventures (https://capitalatlas.ai/funds/homeward-ventures) — Seed
- Aviv Growth Partners (https://capitalatlas.ai/funds/aviv-growth-partners) — Seed