Total amount raised
$62.4 Millions
Latest funding date
02/01/2025
Location
MagicSchool AI has successfully raised $62.4 million over multiple funding rounds, with the most recent Series B round securing $45 million. The platform offers a suite of AI tools designed to assist educators in lesson planning, academic content creation, and more.
Keep reading to explore the intricacies of MagicSchool AI's fundraising journey and the investors backing this innovative platform.
What Is MagicSchool AI?
MagicSchool AI, founded on August 29, 2023, is an innovative platform headquartered in Denver, Colorado. The company operates in the Artificial Intelligence, E-Learning, EdTech, and Education industries.
Founded by Adeel Khan, MagicSchool AI employs between 101-250 people. The platform is designed to assist educators with AI tools for lesson planning, assessments, and other educational tasks, emphasizing safety and privacy.
MagicSchool AI is trusted by over 13,000 schools and districts and is used by more than 5 million educators globally. The company aims to save educators time, combat burnout, and elevate the art of teaching through its comprehensive AI solutions.
How Much Funding Has MagicSchool AI Raised?
- Pre-Seed Round
- Amount Raised: $2.4M
- Date: August 2023
- Lead Investors: Range Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch AI tools for educators.
- Series A Round
- Amount Raised: $15M
- Date: June 2024
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product offerings.
- Series B Round
- Amount Raised: $45M
- Date: February 2025
- Lead Investors: Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand market reach.
Total Amount Raised: $62.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Valor Equity Partners
- Details: Valor Equity Partners is a leading investment firm that focuses on high-growth companies. They have a strong track record of supporting innovative businesses.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Tesla, SpaceX, GoPuff
- Bain Capital Ventures
- Details: Bain Capital Ventures is a venture capital firm that invests in early to growth-stage companies. They are known for their strategic support and extensive network.
- Investment Focus Areas: Fintech, Healthcare, Enterprise Software
- Notable Investments: LinkedIn, DocuSign, Jet.com
- Range Ventures
- Details: Range Ventures is an early-stage venture capital firm based in Denver. They focus on investing in startups with strong growth potential.
- Investment Focus Areas: Technology, SaaS, Consumer
- Notable Investments: Not publicly disclosed
What's Next for MagicSchool AI?
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