We are thrilled to announce that Magic Hat, a leading provider of MaaS (Magic as a Service) in the United States, has successfully raised $7 million in a Series A funding round. The investment was led by [XYZ Ventures], with participation from [PQR Capital] and [LMN Investments].

With this new funding, Magic Hat plans to further develop its technology, expand its team, and enhance its marketing efforts. The company will also use the funds to increase its market share and establish itself as a leader in the street and stage magic gig-booking service.

Magic Hat has already achieved significant success in [market/industry], with 5 million using its street magic gig booking service. This latest investment brings the company's total funding to [total funding amount], and will provide Magic Hat with enough runway to reach profitability in [timeframe].

"We are excited to have the support of [XYZ Ventures], [PQR Capital], and [LMN Investments], and we are confident that their expertise and resources will help us achieve our goals," said Magic Hat CEO Jonah Foss. "This funding will enable us to continue to innovate and provide our customers with the best possible street magic rental experiences."

We are excited to see what Magic Hat will accomplish with this new round of funding, and we believe that the company is well-positioned for continued growth and success in the street performance industry.