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Back to Reports
Crypto

Magic

Magic raises $52M Series at $250M valuation

San Francisco, CASeptember 16, 20241 min read
Total Raised
$52M
Valuation
$250M
Latest Round
Series
Employees
80+

Magic: Series Funding Round

Magic has successfully raised $52M in Series funding, reaching a valuation of $250M.

Company Overview

Noncustodial crypto wallet with seamless onboarding

Funding Details

The Series round was led by Lightspeed, with participation from Placeholder VC.

Company Information

  • Headquarters: San Francisco, CA
  • Founded: 2018
  • Employees: 80+
  • Category: Crypto

Investment

Magic plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

  • Lightspeed: Verified investor in Series
  • Placeholder VC: Verified investor in Series

Company Info

Headquarters
San Francisco, CA
Founded
2018
Team Size
80+
Last Round
$52M(Sep 2024)

Investors (2)

L
LightspeedLead
Lead Investor
Verified investor in Series
P
Placeholder VC
Investor
Verified investor in Series

Topics

verified(3079)real-funding(3079)san-francisco(299)magiccryptoseries

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