Magic - sustainable returns
Magic is a sustainable returns handling platform that reduces returns going back to the warehouse by reselling them to other customers directly. Magic does this by using AI to verify, predict returns, proactively list and sell them on the store as well as other 3rd party marketplaces like ebay and tradera.
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(Data is self reported)
FINANCIAL PERFORMANCE
Monthly Revenue
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Growth rate month over month
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Monthly revenue context
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Number of paying customers
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Monthly active users
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INVESTMENTS
Do you have a lead investor?
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How much have you raised in the past?
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How much of this round already committed?
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When are you aiming to close this round?
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TEAM
How much time do the founders spend on the business?
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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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What percentage of company is owned by founders?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER
Year founded
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Patent status
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(Data is self reported)
FINANCIAL PERFORMANCE
Monthly Revenue
pre-revenue
Growth rate month over month
>16%
Number of paying customers
0
INVESTMENTS
Do you have a lead investor?
How much have you raised in the past?
165000 euros from Antler and Greens ventures
How much of this round already committed?
When are you aiming to close this round?
Q4
TEAM
How much time do the founders spend on the business?
100%
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
No
What percentage of company is owned by founders?
80-99% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Graduation year from EUR, Erasmus MC or TUDelft
OTHER
Basic details
Industry
Ecommerce, AI/ML, Saas, Climate
Last updated:
October 7, 2023
Key Achievements
We built Magic v1.0 as a fintech product in 3 months from Jan 2023 - March 2023. Launched and learnt quickly. Talked to more users and decided to move towards a B2B saas in the ecom space. Magic v2.0 was also launched in just 3months. This proves that we are a highly iterative, ambitious and efficient team that builds and launches at lightning speeds.
Post launch in 2 weeks we have 2 initial pilot customers using our product in their stores.
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