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Total amount raised
$1 Million
Latest funding date
2021-11-09
Location
THEMAGIC5 has successfully secured a $1 million investment from Mark Cuban and Robert Herjavec on the TV show Shark Tank. The company is also backed by prominent athletes like Jan Frodeno and Matt Grevers, who have invested in their innovative custom-fit swimming goggles.
What Is THEMAGIC5?
THEMAGIC5 is a company based in Brooklyn, New York, specializing in custom-fit swimming goggles. They utilize advanced technology, including facial scanning and robotic manufacturing, to ensure each pair of goggles fits perfectly to the user's face.
Operating within the sports equipment industry, THEMAGIC5 has garnered endorsements from prominent athletes and secured investment from notable figures like Mark Cuban and Robert Herjavec on Shark Tank. The company guarantees a perfect fit and offers a refund if the goggles do not meet customer expectations.
How Much Funding Has THEMAGIC5 Raised?
- Pre-Seed Round
- Amount Raised: USD 1,000,000
- Date: November 2021
- Lead Investors: Robert Herjavec
In total, THEMAGIC5 has raised USD 1,000,000.
Key Investors
- Robert Herjavec
- Details: Robert Herjavec is a Canadian businessman, investor, and television personality. He is best known for his role on the TV show Shark Tank.
- Investment Focus Areas: Technology, cybersecurity, consumer products
- Notable Investments: Tipsy Elves, Happy Feet, The Bouqs Company
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