Magma, a collaborative art creation and project management platform, has successfully closed a $5 million seed round of funding led by GFR Fund. Magma’s platform allows art teams to collaborate on a single digital canvas, enabling them to reduce costs and improve workflows. The funding will be used to introduce new features and expand the international team.
Magma is a cloud-based platform built to facilitate global creative teamwork. It offers integrated version control, in-app video chat and generative AI to assist with collaboration. The solution also serves as a centralized repository for project data and digital artwork, making it ideal for creative endeavors like idea development, character design, concept art and more.
Since its launch in 2020, Magma has gathered 2 million users across 100 countries on its platform. It has also seen more than 20 million artworks created and over 4 million visits each month. The funding will support the company’s vision of becoming the go-to cloud-based artist collaboration platform and fuel hires across operations, business development and sales.
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