Crypto

Magic

Magic raises $52M Series at $250M valuation

$52M
Total Raised
Series
Latest Round
2018
Founded
80+
Employees
San Francisco, CA
1 min read

Quick Facts

Valuation
$250M
Latest Round Size
$52M
Latest Round Date
September 2024

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

Key Investors

Lightspeed
Lead Investor
Verified investor in Series
Placeholder VC
Investor
Verified investor in Series

About the Author

Editorial Team
Editorial Team
Curated funding news from verified sources