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Magic - Strategic
Overview
Funding Date
May 31, 2023
Financing amount
$52M
Valuation
--
Catagory
Subcategory
About Magic - Strategic
Magic, the leading wallet-as-a-service (WaaS) provider, announced it has raised $52 million in a strategic funding round led by PayPal Ventures, with participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | 2002 | 10 | -- | ||
| Fund | China | 2014 | 8 | info@cherubicvc.com | ||
| Fund | Unknown | -- | 1 | -- | ||
| Uncategorized | Unknown | -- | 3 | contact@kx.tech | ||
| Fund | United Kingdom | 1996 | 10 | wendy@northzone.com | ||
| Fund | United States of America | 2020 | 33 | hi@tokendaily.co |
Founders & Team
Sean Li
Arthur Jen
Jaemin Jin
Company Profile / Project Introduction
Magic is a developer SDK that integrates with your application to enable passwordless Web3 onboarding (no seed phrases) and authentication using magic links (similar to Slack and Medium). Magic enables blazing-fast, hardware-secured, passwordless login, Web3 onboarding, and access to over 20 blockchains with a few lines of code — even if you have an existing auth solution.