AR Mystery Startup Magic Leap Looking To Raise As Much As $1B In Series D Round

Magic Leap may be raising as much as $1 billion to fund their vision of a future filled with augmented reality glasses.

A Delaware filing dated Wednesday was provided to us by CB Insights, confirming that the secretive startup has authorized about $1 billion in new funding.  The filing authorizes over 37 million shares of Series D preferred stock at $27 per share. No details on investors yet. Using this and previous filings, Pitchbook estimates the post-money valuation to be up to $6.5 billion.

A spokesperson for Magic Leap would not confirm that the round had been completed.

To date, the most remarkable public details to emerge regarding the Plantation, Florida augmented reality startup have been the substantial cash they’ve raised and the noteworthy  names that are backing them. This round withstanding, the company has publicly announced nearly $1.4 billion in funding coming from high-profile investors that include Google, Alibaba and Andreessen Horowitz.


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Source : https://techcrunch.com/2017/10/12/ar-mystery-startup-magic-leap-looking-to-raise-as-much-as-1b-in-new-round/

AR mystery startup Magic Leap looking to raise as much as $1B in Series D round
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