As expected, Magic Leap closed a Series D round of equity funding, raising $502 million from new and existing investors. Less expected, however, were a fresh set of rumors that the company’s first devices could ship within six months.

The round was led by Temasek, EDBI, a Singapore-based fund, Globo from Brazil, and Janus Henderson Investors. Existing investors Alibaba Group, Fidelity Management and Research Company, Google, J.P. Morgan Investment Management, and T. Rowe Price also participated in the round.

Based on regulatory filings, the price for Series D shares was set at $27 each, so… more

Go to Source


Comments are closed.