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Sources: Magic Is Raising $12M From Sequoia At A $40M Valuation

magic Magic, an SMS-based on-demand delivery service that started as a YC company’s weekend project, is raising $12 million in Series A funding led by Sequoia, according to sources. Sources also say that the company, which is just a month old, is valued at $40 million pre-money.
Magic lets users text a single number to get anything* delivered on demand. For an extra fee, of course. Read More

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No, Magic Can’t Deliver A Tiger

shutterstock_140296675 Earlier this week, as Re/Code’s Jason Del Rey was trying to procure a chicken parmesan via text, we were trying to procure a tiger via text. “You want a tiger delivered? Just text the details and Magic’s got you covered,” read the lede of the VentureBeat article about nascent on-demand startup Magic. Read More

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