# MAGICSTORE

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

- Industry: Logistics & Distribution
- Headquarters: Suzhou, China
- Total disclosed funding: $2.9M
- Latest round: Series A (Aug 18, 2025)
- Investors on record: 7

## About

Based in Suzhou, China, and established in 2023, MAGICSTORE is a warehouse storage robotics company providing solutions for logistics supply chains. Cangshun Cheng, the company's founder, majored in logistics Engineering at the University of Science and Technology Beijing and served as a sale manager of TGW. Its first program completed delivery, since its establishment half a year. In May 2023, MAGICSTORE raised CNY 20 million in seed funding co-led by new investors Source Code Capital and K2VC, with participation from other new investors Hong Kong X-Tech Startup Platform, TusStar, Weihe Investment. In August 2025, MAGICSTORE raised a strategic investment from new investors Leader Venture Capital, Value Capital and other unspecified investors. MAGICSTORE provides logistics warehouse robotics, which replaced trucking solutions, and realized pallets moving. It developed T-AMR and Magic Vision software control platforms, which use the AVS/ RS system to replace traditional AS/RS systems and trucking. Its logistical robotics can be used in the fields of new energy, pharmacy, food, and smart control.

## Funding rounds

- Series A, Aug 18, 2025 — Value Capital, Leader Venture Capital
- Seed, May 19, 2023, $2.9M — K2VC, Source Code Capital, TusStar, Qianhai Kekong Lingdingyang Venture Capital, Weihe Investment

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Seed
- Source Code Capital (https://capitalatlas.ai/funds/source-code-capital) — Seed
- TusStar (https://capitalatlas.ai/funds/tusstar) — Seed
- Qianhai Kekong Lingdingyang Venture Capital (https://capitalatlas.ai/funds/qianhai-kekong-lingdingyang-venture-capital) — Seed
- Weihe Investment (https://capitalatlas.ai/funds/weihe-investment) — Seed
- Value Capital (https://capitalatlas.ai/funds/value-capital) — Series A
- Leader Venture Capital (https://capitalatlas.ai/funds/leader-venture-capital) — Series A