Magic Labs
Latest round
- Series B
Last raised
- May 2023
Total raised
- $76M
Investors
- 15
About Magic Labs
Magic Labs, Inc.Founded in 2018 and headquartered in San Francisco, US, Magic Labs, Inc. provides wallet abstraction solutions to streamline interactions with decentralized applications. The company was co-founded by Arthur Jen and Jaemin Jin, with Sean Li as the CEO.Magic Labs specializes in wallet abstraction solutions designed to enhance user experience in the blockchain ecosystem. Their primary offerings include embedded wallets and API wallets that simplify the interaction between users and decentralized applications, greatly improving usability for developers and end-users alike. Launched in 2018, Magic's products target common pain points in the crypto space, enabling smoother onboarding processes for users who may find traditional wallets cumbersome. The company aims to serve a diverse client base that includes developers, enterprises, and end consumers across various geographical markets, including North America, Europe, and Asia.Magic Labs generates revenue through a combination of subscription models and partnerships with developers and enterprises that utilize their wallet solutions. Clients typically engage with Magic’s services by integrating its embedded and API wallets into their applications, facilitating seamless cryptocurrency transactions for their users. The revenue structure is composed of fees associated with these partnerships and potentially transaction-based pricing for services rendered. Their flagship products, including Newton, are central to these transactions, providing the foundation for both individual users and businesses to engage in on-chain activities efficiently. Specific pricing plans are tailored to meet the needs of various client segments, ensuring that both B2B and direct-to-consumer transactions can occur smoothly within Magic's ecosystem.
Who invested in Magic Labs
15 investors across 3 rounds
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Questions about Magic Labs
Who invested in Magic Labs?
Magic Labs has 15 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Magic Labs raised?
Magic Labs has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Magic Labs last raise money?
Magic Labs's most recent round on record is a Series B, in May 2023.
What does Magic Labs do?
Magic Labs is a software company.
Where is Magic Labs headquartered?
Magic Labs is headquartered in San Francisco, US.
Which VCs invest in companies like Magic Labs?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Magic Labs's stage. Their profiles are linked below.
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