Industrial B2B solutions provider Magma has closed its Series A round at $8 million, following an additional $3 million extension to its previously announced $5 million raise in April 2025. The $3 million fresh infusion includes $1.2 million from its existing investors Capria Ventures and Avinya Ventures, $1.3 million from the Gujarat Government’s VC arm, GVFL, and $0.5 million from AVNM Ventures.
Magma has raised a total of $11.3 million to date, including $3.3 million in seed funding.
The proceeds will be deployed to scale its operations across…

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