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Fresh from the SEC: Magic Raises approximately $25 million in Recent Filings

Magic Software (NASDAQ: MGIC), a veteran Israeli software company specialized in cloud and on-premise application platform and business integration solutions, has raised $21.2 million in a private placement transaction in December and an additional $3,7 million in option sales according to a recent SEC D filing.
byEze Vidra
January 6, 2011
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There aren’t too many Israeli companies that have reached this scale: Magic Software (NASDAQ: MGIC), a veteran Israeli software company specialized in cloud and on-premise application platform and business integration solutions, has raised $21.2 million in a private placement transaction in December and an additional $3,7 million in option sales according to a recent SEC D filing.

From the announcement: “Under the terms of the offering, the Company will sell an aggregate of approximately 3.26 million ordinary shares at a price of $6.50 per share.  Certain of the purchasers will also receive warrants to purchase up to an aggregate of approximately 1.13 million ordinary shares at an exercise price of $8.26 per share.”

The company’s flagship products are uniPaaS and iBolt. Magic Software has partnerships with global IT leaders including SAP AG, salesforce.com, IBM and Oracle and some of its customers include: Adidas, Allstate, CBS Outdoor, Deutsche Bank, United Nations, Vodafone, and many more.

Watch a short video on Magic, one of the relics of Israel’s software powerhouse:

Eze Vidra
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Eze Vidra
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
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Eze Vidra
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel. I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups. I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.

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