Magic, a New York-based company building AI for real-world experiences, has raised $10 million in Seed funding.
Investors
The round was led by Lerer Hippeau, with participation from Bling Capital, Floodgate, and strategic investors Major Food Group and VCR Group (founded by Gary Vaynerchuk and David Rodolitz).
Lerer Hippeau is an early-stage venture capital firm founded and based in New York City. Since 2010, the firm has invested in entrepreneurs with bold ideas who are unafraid to tackle hard problems. Its portfolio includes more than 400 leading enterprise and consumer businesses.
Magic Use of Funds
The company will use the funds to expand its team and build additional AI-powered products for the hospitality industry and related sectors, including hotels, retail, real estate, and wellness.
About Magic
Founded by Maggie Tang, Magic has developed Loyalist, an agentic CRM platform that integrates a restaurant’s entire tech stack reservations, POS, event platforms, and social media into one unified, intelligent system. Its platform helps restaurant hospitality operators understand and delight every guest through data-driven insights. Headquartered in New York, Magic's platform is already used by hundreds of top restaurants, including Major Food Group, Momofuku, Le Bernardin, COTE, and The Dinex Group.
Funding Details
Company: Magic
Raised: $10.0M
Round: Seed
Funding Date: October 2025
Lead Investor: Lerer Hippeau
Additional Investors: Bling Capital, Floodgate, Major Food Group, VCR Group
Company Website: https://www.magic.company/
Software Category: AI-Powered CRM & Hospitality Intelligence Platform
Source: https://www.prnewswire.com/news-releases/magic-raises-10m-to-bring-ai-into-the-real-world-302589060.html