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MagicOrange logo — Transforming IT Decision Making

MagicOrange

Transforming IT Decision Making

Founded 2014 United Kingdom London, United Kingdom 84 employees Series A Total: $7.50M IT, Information Technology +1

General Information

Company Name MagicOrange
Founded Year 2014
Location United Kingdom London, United Kingdom
Employees 84
Industries IT, Information Technology, SaaS
Funding Stage Series A
Social

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About MagicOrange

MagicOrange is a UK-based startup founded in 2014 with the slogan "Transforming IT Decision Making." The company offers a cloud-native, enterprise IT Financial Management solution aimed at optimizing IT investments, driving alignment with business objectives, and enhancing process efficiency.

The company's last investment round, a $7.50M Series A investment, was secured on 01 November 2023 from prominent investors including Octopus Ventures, 6 Degrees Capital, and Peter Bauer. MagicOrange's solution focuses on intuitive cost allocation and actionable insights to drive accountability and ownership within the business, thereby improving utilization, performance, and profitability. With a focus on IT, Information Technology, and SaaS industries, MagicOrange aims to provide organizations with a Gartner-recognized ITFM solution to streamline their IT Financial Management processes.

Taxonomy: IT Financial Management, Cloud-native Solutions, Cost Allocation, Business Value Alignment, Process Efficiency Improvement, Strategic Financial Planning, Cost Transparency, Activity Based Costing, Cost Optimization, Chargebacks & Showbacks, Cloud Costing, Shared Services Costing, FinOps, Financial Analysis, Profitability Improvement

Services & Products

IT Cost Transparency
Cloud Expense Optimization
Financial Oversight
Enterprise Expense Management

Target Customers

Enterprises ITFM Practitioners FinOps Practitioners CIOs CFOs CTOs

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $7.50M 3
Octopus Ventures 6 Degrees Capital
Octopus Ventures, 6 Degrees Capital +1
01 Nov 2023

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FAQ About MagicOrange

Transforming IT Decision Making
MagicOrange was founded in 2014.
MagicOrange is headquartered in London, United Kingdom.
MagicOrange operates in IT, Information Technology and SaaS. Its work centres on IT Financial Management, Cloud-native Solutions, Cost Allocation and Business Value Alignment. Its customers include Enterprises, ITFM Practitioners and FinOps Practitioners.
MagicOrange has approximately 84 employees.
MagicOrange has completed 1 funding round, raising a total of $7.50M. The latest funding stage is Series A.
MagicOrange offers: IT Cost Transparency, Cloud Expense Optimization, Financial Oversight, Enterprise Expense Management.
Top alternatives and competitors to MagicOrange include GaussSoft, POOL4TOOL, Planview, Paradyme, Inc., PRIME BPM. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
MagicOrange and GaussSoft are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for MagicOrange, https://bouncewatch.com/company/magicorange, updated 24 February 2025. When citing, please name BounceWatch and link this page.

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