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Magic Leap Scores Another $461 Million Investment

Date Type Companies involved Size
March 7th, 2018 investment Magic Leap $461m
Magic Leap Scores Another $461 Million Investment

Magic Leap has raised a further $461 million in its latest funding round, led by the Kingdom of Saudi Arabia’s sovereign investment fund.

This latest injection of funds brings the company’s fourth round of funding to $963 million and a total investment of $2.3 billion to date. The Florida company is now valued at more than $6 billion.

Previous investors include Alibaba, Google, J.P. Morgan, Qualcomm, and Warner Bros.


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Steve is an award-winning editor and copywriter with 20 years’ experience specialising in consumer technology and video games. He was part of a BAFTA nominated developer studio as project manager for the UK’s first fully interactive digital TV channel. In addition to editing TheVirtualReport.biz, Steve contributes to PocketGamer.biz, PCGamesInsider.biz and BlockchainGamer.biz, as well as creating marketing content for a range of SMEs and agencies.

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