Startup profile · funding coverage
Magentic funding, valuation and investors
AI digital workers for manufacturer procurement and supply-chain operations inside existing ERP and Teams workflows.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$18M · September 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$24M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · London, UK
Investors in latest funding
Lead: Felicis
Other: Sequoia Capital , The Westly Group
Overview
Magentic provides multi-agent AI digital workers for procurement and supply-chain teams at large manufacturers. Founded by McKinsey and OpenAI alumni Robin Van Aeken and Odhran O’Donoghue, the London- and New York-based company launched in July 2025 with a Sequoia-led $5.5M seed and announced an $18M Series A led by Felicis on September 17, 2026, with Sequoia and The Westly Group returning. Company claims include Global 500 customers (including three of the ten largest beverage companies), million-plus annual orders at one site, and typical 2–5% savings.
Why Magentic is interesting
Sequoia-backed industrial agents that already clear million-order workloads for Global 500 manufacturers — Felicis led an $18M Series A one year after a $5.5M Sequoia seed.
Product & use cases
Multi-agent systems that act inside Microsoft Teams, email, and customer ERPs to own procurement workflows end-to-end — from buy/build and supplier selection through orders and invoices — with human command.
- Direct and indirect spend automation at Global 500 manufacturers
- Raw-materials procurement optimization
- Invoice clearing and order execution at million-order scale
Key facts
- Series A (Sep 2026): $18M led by Felicis; Sequoia and Westly returning
- Seed (Jul 2025): $5.5M Sequoia-led (TNW)
- Company: >1M orders/year at one customer; $4M savings at another
Funding history (newest first)
Series A
2026-09 $18M- Felicis (lead)
- Sequoia Capital (participant)
- The Westly Group (participant)
Seed
2025-07 $5.5M- Sequoia Capital (lead)
- The Westly Group (participant)
Source: Https://thenextweb.com/news/magentic-18m-series-a-ai-agents-procurement
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Magentic's financing or category context.
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