MAGIC AI

Investor: Beringea and W Capital

Magic AI has successfully raised £8.30 million in a Series B funding round co-led by Beringea and W Capital to scale its AI fitness mirror across the US.Summary of transaction details:Value: £8.30 millionSector: DeepTech & AIAdvisor: Not DisclosedKey Entities: Magic AI, Beringea, W CapitalLocation: USNote: This financing enables the company to accelerate its international expansion and meet rising demand for AI-powered fitness technology.

Investor: Beringea

Fitness mirror company MAGIC AI has closed an £8 million Series B funding round co-led by Beringea and IW Capital to scale its operations in the United States and advance its AI fitness technology.Summary of transaction details:Value: £8 millionSector: Consumer GoodsAdvisor: Not disclosedKey Entities: MAGIC AI, Beringea, IW CapitalLocation: United Kingdom / United StatesNote: The investment is driven by the company's rapid 342% annual growth and increasing consumer adoption of hybrid home fitness solutions, positioning the business to capture significant market share in the US.

Investor: SFC Capital, Baleen Capital