Magma closes Series A round at $8 Mn

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…