General Magic
PrivateLast Round
Seed
Feb 24, 2026
Total Funding Raised
$8.4M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
General Magic operates in Enterprise Software and is based in Toronto. Its latest recorded funding round was a Seed round in February 2026.
General Magic is an insurtech company that develops SMS-native AI agents to automate workflows for the insurance industry.
Sector
Enterprise Software
Verticals
InsurTech, Workflow Automation, NLP & Conversational AI, Vertical SaaS
Business Model
B2B
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
General Magic Comparables
Compare General Magic with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Cara | 88% | |
| Avallon AI | 78% | |
| Pace | 77% |
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General Magic Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Feb 24, 2026 | ||||
| Pre Seed | Jul 24, 2025 |
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General Magic Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| a16z speedrun | Pre Seed, Seed |
| Comma Capital | Pre Seed, Seed |
| Radical Ventures | Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 6, 2026
Grew 50% QoQ, from 6 to 9 employees.
- Feb 24, 2026
$7.2M round led by Radical Ventures.
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General Magic Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about General Magic's valuation, stock price, and market status.
Is General Magic a public or private company?
General Magic is a private company.
What is the current stock price of General Magic?
General Magic is a private company, so its shares have no public market price. Caplight tracks General Magic's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is General Magic worth (valuation)?
Valuation information for General Magic is not publicly available.
Can I buy General Magic stock?
General Magic shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was General Magic's last funding round?
General Magic's most recent funding round was Seed on February 24, 2026.
Who are the main investors in General Magic?
Key investors in General Magic include Radical Ventures.
Will General Magic IPO soon?
No public IPO plans have been announced for General Magic.
How can I track General Magic secondary market activity?
Caplight tracks bids, offers, and trades in General Magic's shares on secondary markets.