Magna
Latest round
- Seed
Last raised
- May 2022
Total raised
- $11M
Investors
- 18
About Magna
Founded in 2022 by CEO Bruno Faviero and CTO Arun Kirubarajan, and based in New York, US, Magna Digital, Inc. doing business as Magna, engages in developing a platform to turn DeFi investments into financial primitives., Protofund, Shima Capital, Solana Ventures, Tiger Global Management, Y Combinator, and Tusk Venture Partners. The firm is also developing crypto-native tools for fund managers. The February 2026 acquisition enables Kraken to expand beyond trading infrastructure by integrating token lifecycle management capabilities to support fundraising, distribution, and long-term token operations within its broader platform. The February 2026 acquisition enables Kraken to expand beyond trading infrastructure by integrating token lifecycle management capabilities to support fundraising, distribution, and long-term token operations within its broader platform.
Who invested in Magna
18 investors across 1 round
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Funding rounds
Seed
May 26, 2022
Amount
$11M
Investors
Questions about Magna
Who invested in Magna?
Magna has 18 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Magna raised?
Magna has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Magna last raise money?
Magna's most recent round on record is a Seed, in May 2022.
What does Magna do?
Founded in 2022 by CEO Bruno Faviero and CTO Arun Kirubarajan, and based in New York, US, Magna Digital, Inc.
Where is Magna headquartered?
Magna is headquartered in New York, US.
Which VCs invest in companies like Magna?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Magna's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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