Magic

Wallet-as-a-service (WaaS) provider

Overview

𝕏 Statistics

Trend of Hot Index Change

Details

Magic is a wallet-as-a-service provider that helps businesses onboard users into web3 with instant non-custodial wallet creation. It uses email or social logins, while removing the need for seed phrases and browser extensions - making it indistinguishable from standard web2 experiences that everyday users are accustomed to. Magic offers features for end-to-end web3 onboarding including authentication, fiat onramps, NFT Minting and NFT Checkout.

Tags: Infra Wallet Dev Platform

Ecosystem(19): Bitcoin Ethereum Solana BNB Chain Polygon Arbitrum Optimism Avalanche Near Sonic Celo Harmony Cronos Hedera Flow Moonbeam Tezos Algorand Zilliqa

Formerly: Fortmatic

Founded: 2019

Location: United States

Team

Sean Li

Co-founder & CEO

Jaemin Jin

Co-founder & CPO

Arthur Jen

Co-Founder

Spencer Markel

COO

Jed K.

Vice President of Finance and Operations

Adam Nickels

Head of Business Development

Fundraising

Placeholder

Lead

PayPal Ventures

Lead

Northzone

Lead

Digital Currency Group

CoinFund

Lightspeed Venture

Tiger Global

Volt Capital

SV Angel

Cherubic Ventures

Social Capital

Unusual Ventures

Refactor Capital

Balaji Srinivasan

Roham Gharegozlou

Naval Ravikant

Round	Amount	Valuation	Date	Investors
Strategic	$ 52 M	--	May 30, 2023	PayPal Ventures*, Volt Capital, Northzone, Cherubic Ventures, Synchrony
Series A	$ 27 M	--	Jul 21, 2021	Northzone*, Tiger Global, Digital Currency Group, CoinFund, Volt Capital, Balaji Srinivasan, Naval Ravikant, Roham Gharegozlou, Soona Amhaz, Ryan Hoover, Alexis Ohanian, Jason Warner, Scott Belsky
Seed	$ 4 M	--	Jun 01, 2020	Placeholder*, Lightspeed Venture, SV Angel, Volt Capital, Social Capital, Cherubic Ventures, Unusual Ventures, Refactor Capital, Naval Ravikant, Roham Gharegozlou, Guillermo Rauch