Magma

Magma is a collaborative art and project management solution for creative teams and studios, aiming to make art multiplayer. With a community of over 2 million artists, mentors, and creative studios, Magma is a browser-based digital art platform that facilitates more collaborative work among creators and art teams. The platform combines powerful drawing tools with in-app chat and call capabilities, allowing up to 50 artists to work on a canvas simultaneously. Magma believes that collaborative processes are essential for consistently creating high-quality art on schedule. Incorporating Magma into the workflow can result in a 25% reduction in delivery time, 40% fewer revisions for creative teams, and 32% less time spent in meetings within just one month. Magma's platform caters to game developers, animation studios, and various other creative teams. The company's last investment was a $5.00M Seed Round on 12 December 2023, with investments from Gaingels, GFR Fund, Acequia Capital, 4Founders Capital, Anorak Ventures, Supernode Global, BANDAI NAMCO Entertainment (021 Fund). Magma is headquartered in the United States and operates within the SaaS industry.