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ISSUE – Oct. 13 | AR mystery startup Magic Leap looking to raise as much as $1B in Series D round

Magic Leap may be raising as much as $1 billion to fund their vision of a future filled with augmented reality glasses. A Delaware filing dated Wednesday was provided to us by CB Insights, confirming that the secretive startup has authorized about $1 billion in new funding.  The filing authorizes over 37 million shares of Series D preferred stock at $27 per share. No details on investors yet. Using this and previous filings, Equidate is calculating that the proposed round is being done at about a $7 billion post-money valuation. Pitchbook estimates it closer to $6.5 billion. [ TechCrunch ]

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