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. Its solutions are trusted by top brands in web2 and web3, including Mattel, Macy's, Xsolla, Immutable, and more.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 05/31/23 | $52,000,000 |
Cherubic Ventures KX Northzone PayPal Ventures  Synchrony Volt Capital | undisclosed |
