# Magic Square

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magic-square

- Industry: Software
- Headquarters: Cyprus
- Website: www.magicsquare.io
- Total disclosed funding: $3M
- Latest round: Seed (Jul 1, 2022)
- Investors on record: 7

## About

Founded in 2021 by Andrey Nayman (CEO), and Benjamin Vodovozov, and based in Nicosia, Cyprus, Magic Square Int Ltd, dba Magic Square is creating an ecosystem for consumers to find and utilize community-vetted crypto apps, NFTs, DeFi, and GameFi, as well as for app developers to promote and make money from high-quality crypto apps. In July 2022, Magic Square Int Ltd raised USD 3 million in seed funding co-led by new investors Binance Labs and Republic Capital, with participation from other new investors.

The company provides a web3-based App Store to make cryptocurrency easier to use. Through its Magic Store App, the company offers customers the chance to find the best crypto applications with integrated Defi and to reward their time with SQR tokens. For all cryptocurrency apps and exchanges, Magic Square provides a single interface where users can track, connect, and revoke all apps in one space. The business also provides a platform for internal communication to promote peer-to-peer discussions about the app. The company also offers software development kits, a service-oriented strategy, and proprietary tools to app developers to aid in the creation of crypto apps.

The company intends to use the July 2022 funding to hyper-scale user acquisition growth, product development, and team expansion.

## Funding rounds

- Seed, Jul 1, 2022, $3M — GSR Ventures, Gravity Ventures, YZi Labs, Republic Capital, IQ Protocol, Alpha Grep Securities, KuCoin Labs

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Seed
- Gravity Ventures — Seed
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Seed
- IQ Protocol — Seed
- Alpha Grep Securities — Seed
- KuCoin Labs (https://capitalatlas.ai/funds/kucoin-labs) — Seed