# MagicBus

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.magicbus.io
- Total disclosed funding: $0.1M
- Latest round: Seed (Nov 1, 2015)
- Investors on record: 2

## About

MagicBus provides innovative vanpooling solutions that enhance employee transit operations through its advanced scheduling technology, facilitating real-time management of commuting schedules for riders and employers alike.Founded in 2014 in San Francisco, US, MagicBus specializes in offering comprehensive vanpooling solutions. The company was established by Chris Upjohn, Cinthya Fung, and Jason Kraft. In November 2015, MagicBus raised USD 0.12 million in Seed funding led by Y Combinator, alongside participation from Ludlow Ventures. The total amount raised by the company is USD 0.12 million, reflecting its singular Seed round of funding.MagicBus specializes in providing innovative vanpooling solutions designed to enhance employee transit operations. Their flagship offering, the MagicRide Vanpooling App, facilitates dynamic vanpool scheduling, enabling riders to book seats and manage their commuting schedules in real-time. This technology allows employers, fleet managers, and HR teams to maintain and grow vanpool programs, addressing the logistical challenges of employee transportation efficiently. The platform supports features such as route crowdsourcing, where riders can suggest new routes, and a reporting dashboard that provides essential data for program evaluation and subsidy applications. MagicBus serves a diverse clientele, including corporations, local governments, and transit agencies, primarily in North America, where the demand for sustainable commuting solutions is growing.MagicBus generates revenue primarily through subscription-based models and partnerships with businesses that facilitate employee transportation programs. Clients typically engage with the company by subscribing to the MagicRide Vanpooling App, which allows them to access a suite of tools for managing their vanpool initiatives. Revenue transactions may involve annual or monthly fees associated with app access, as well as potential costs linked to premium features or additional services like data analytics and reporting. The structure promotes long-term relationships with clients, allowing for scalable solutions tailored to their transit needs. Overall, MagicBus positions itself as a crucial partner for organizations looking to optimize their transportation strategies while benefiting from enhanced employee commuting options.Following the Seed funding round in November 2015, MagicBus aims to enhance its offerings with new features and products to improve the user experience on its platform. The company has plans to expand its services into additional markets in North America to meet the growing demand for sustainable commuting solutions. Recent funding will be utilized to support the development of these upcoming features and facilitate this geographical expansion.

## Funding rounds

- Seed, Nov 1, 2015, $0.1M — Ludlow Ventures, Y Combinator

## Investors

- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed