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Sources: Magic Is Raising $12M From Sequoia At A $40M Valuation

 Magic, an SMS-based on-demand delivery service that started as a YC company’s weekend project, is raising $12 million in Series A funding led by Sequoia, according to sources. Sources also say that the company, which is just a month old, is valued at $40 million pre-money. Magic lets users text a single number to get anything* delivered on demand. For an extra fee, of course. The… Read More