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Magic Leap Funding Rounds & Valuation History (2014–2025)

Private Valuation & Funding Round Tracker · Magic Leap

Magic Leap funding rounds & valuation history

Magic Leap, the Florida augmented-reality company, from its 2014 Series B to Saudi PIF’s 2025 injection, sourced to TechCrunch, PIF, the New York Times, Variety, Axios, SiliconANGLE and The Telegraph.

Last updated: (IST). Every figure re-checked against the linked sources that day. Rows: 8 Currency: US$, nominal
⬇ Download CSV Cite this dataset Methodology & status definitions
Last closed valuation Closed
$2B
$500M round, Oct 2021
Peak valuation
$6.7B
2019, as reported by TechCrunch
2021 vs 2019
0.30×
$2B vs $6.7B (GNF calc.)
Latest raise
$205M
From Saudi PIF, reported Oct 2025

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Showing 8 of 8 rows
Magic Leap funding rounds, October 2014 to October 2025
DateStatusRoundAmountLead / buyerValuationVal. ÷ run-rateSource
Closed round
PIF investmentInjected “in recent months” before the 18 Oct 2025 report; the row uses the report date. The Telegraph says PIF took control of Magic Leap in 2022 and has put in more than $1B in total.
$205M
Public Investment Fund (Saudi Arabia)
Not disclosedNo company valuation stated by the source
—Not disclosedNo run-rate stated in the announcement
The Telegraph via Yahoo Finance, 18 Oct 2025
Closed round
Funding roundA down round: 0.30× the $6.7B reported for 2019 (GNF calc.), and level with the 2014 valuation.
$500M
Existing investors
$2BAnnounced by Magic Leap (TechCrunch)0.30× vs prior closed
—Not disclosedNo run-rate stated in the announcement
TechCrunch, 11 Oct 2021
Closed round
Funding roundReported from an internal memo obtained by The Information (SiliconANGLE). TechCrunch later said it was raised “at slashed valuation terms”.
$350M
Current and new investors (not named)
Not disclosedNo company valuation stated by the source
—Not disclosedNo run-rate stated in the announcement
SiliconANGLE, 21 May 2020Also: TechCrunch, 11 Oct 2021
Closed round
Strategic investmentPart of a partnership with Japan’s largest mobile carrier (NYT). Step-up is against the 2016 Series C, because the 2017 Series D valuation is disputed.
$280M
NTT Docomo
$6.7BReported later by TechCrunch (2021) as the valuation Magic Leap “reached in 2019”1.49× vs prior closed
—Not disclosedNo run-rate stated in the announcement
New York Times, 26 Apr 2019Also: TechCrunch, 11 Oct 2021
Closed round
Series D (PIF tranche)PIF said it “participated in the Series D equity funding”.
$400M
Public Investment Fund (Saudi Arabia)
Not disclosedNo company valuation stated by the source
—Not disclosedNo run-rate stated in the announcement
PIF, 7 Mar 2018
Closed round
Series DSource conflict on valuation, so it is not charted and no step-up is computed.
$502M
TemasekWith: Alibaba, Fidelity, Google, J.P. Morgan and other existing investors
Disputed; not disclosedAxios: post-money “appears to be around $5 billion”; Bloomberg (via Variety): “around $6 billion”
—Not disclosedNo run-rate stated in the announcement
TechCrunch, 17 Oct 2017Also: Variety, 19 Oct 2017, Axios, 17 Oct 2017
Closed round
Series C
$793.5M
Alibaba
$4.5BPost-money ($3.7B pre-money), per a Magic Leap spokesperson to TechCrunch2.25× vs prior closed
—Not disclosedNo run-rate stated in the announcement
TechCrunch, 2 Feb 2016
Closed round
Series BTechCrunch: “an October 2014 raise where Magic Leap raised $542 million at a reported $2 billion valuation”; The Telegraph says Google led it.
$542M
Google
$2BReported (TechCrunch, 2021)
—Not disclosedNo run-rate stated in the announcement
TechCrunch, 11 Oct 2021Also: The Telegraph via Yahoo Finance, 18 Oct 2025
Step-up = valuation ÷ the prior closed valuation (GNF calc.). A value below 1× is a down round.

Valuation at each closed round

Closed rounds with a stated or reported valuation. The 2017 Series D (disputed) and the 2018, 2020 and 2025 raises (not disclosed) are not plotted.

Sources: TechCrunch. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

  1. Oct 2014 · Closed

    Series B: $542M led by Google, at a reported $2B.

  2. 2 Feb 2016 · Closed

    Series C: $793.5M led by Alibaba at $4.5B post-money.

  3. 17 Oct 2017 · Closed

    Series D: $502M led by Temasek.

  4. 7 Mar 2018 · Closed

    Saudi PIF invests $400M in the Series D.

  5. 26 Apr 2019 · Closed

    NTT Docomo invests $280M; valuation later reported at $6.7B.

  6. 21 May 2020 · Closed

    $350M raised from current and new investors.

  7. 11 Oct 2021 · Closed

    $500M from existing investors at $2B.

  8. Oct 2025 · Closed

    PIF injects another $205M.

Private, controlled by a sovereign fund: Magic Leap has not filed for an IPO. The Telegraph reports that Saudi Arabia’s Public Investment Fund, a state fund rather than a listed company, took control in 2022 and has since put in more than $1B (The Telegraph via Yahoo Finance).

Cite this dataset

Free to quote with a link back. Copy this citation:

Magic Leap Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/magic-leap/

Download the data

The same 8 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File
magic-leap-rounds.csv (UTF-8, comma-separated)
Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/magic-leap-rounds.csv
Columns
id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated
(IST)
⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

The seed and Series A (2011–2014), debt financing, the terms of PIF’s 2022 takeover (not disclosed), and partnership deals such as the 2024 agreement with Google.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

  • : Dataset first compiled (batch 2, not yet published).

Sources

  1. The Telegraph via Yahoo Finance: Saudi Arabia pours $1bn into fallen virtual reality tech company, 18 Oct 2025
  2. TechCrunch: Seven years after raising $542M at a $2B valuation, Magic Leap raises $500M at a $2B valuation, 11 Oct 2021
  3. SiliconANGLE: Troubled augmented reality company Magic Leap raises $350M, 21 May 2020
  4. New York Times: Magic Leap Raises $280 Million From NTT DoCoMo, 26 Apr 2019
  5. PIF: The Public Investment Fund invests $400 million in Magic Leap, Inc., 7 Mar 2018
  6. TechCrunch: Magic Leap confirms $502 million Series D round, 17 Oct 2017
  7. Variety: Magic Leap Confirms Temasek-Led $500 Million Finance Round, 19 Oct 2017
  8. Axios: Magic Leap confirms $502 million fundraise, 17 Oct 2017
  9. TechCrunch: AR Startup Magic Leap Raises $793.5M Series C At $4.5B Valuation Led By Alibaba, 2 Feb 2016