First Momentum Ventures: Investment Portfolio & Startup News

First Momentum Ventures

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Investment Portfolio

Magentic emerges from stealth with £4m seed led by Sequoia Capital to drive AI savings across global supply chain

22 Jul 2025

Magentic emerges from stealth with £4m seed led by Sequoia Capital to drive AI savings across global supply chain

Magentic builds AI agents for procurement teams that analyse unstructured supply chain data to identify errors, compliance gaps and cost-saving opportunities across complex manufacturing operations.

First Momentum Ventures

- Supply Chain
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First Momentum Ventures: Investment Portfolio & Startup News

Investment Portfolio

Magentic emerges from stealth with £4m seed led by Sequoia Capital to drive AI savings across global supply chain

More venture news

Sumary raises a £19m seed round led by Singular to run core workflows for accounting firms

Neobe lands a £5m seed round led by ARC Ventures to deliver cancer drugs directly into solid tumours

Strand Intelligence raises £1m from Osney Capital to automate cyber incident investigations