Magentic's $18M Series A ranks above 61% of European AI rounds

Magentic raised $18M in a Series A round in September 2026. The round was led by Felicis. Other investors included Sequoia Capital and The Westly Group. Magentic provides AI digital workers, advanced multi-agent systems, that work alongside procurement and supply chain teams at global companies. The company is based in the United Kingdom.

Round size compared to peers

This €17M round is larger than 61% of 111 Series A rounds in Europe in Artificial Intelligence & Data from January 2025 to September 2026. The median round size in this group is €13M. The top quarter starts from €24M and the top tenth from €50M.

Investors

Felicis Ventures led this round. Since January 2025, Felicis has joined 83 rounds overall and 29 at the Series A stage.

Sequoia Capital participated but did not lead. It has joined 350 rounds since January 2025, including 70 Series A rounds.

The Westly Group also invested without leading. It has joined 20 rounds since January 2025, with 5 at the Series A stage.

Previous rounds

Magentic previously raised €5.1M in a Seed round in July 2025. This Series A round came 15 months after that.

Share cards

One image per company in this round, free to post. Magentic, Felicis Ventures, Sequoia Capital, Westly Group.

Sources

Round amount and investors: magentic.com. Comparisons and investor track records: Brouky investment data, January 2025 to 2026-09.