About Magic Square
Magic Square is a company based in Limassol (Cyprus) founded in 2021 by Andrey Nayman. It operates as a Two-Sided Marketplace, and Token / Crypto Economy. Magic Square has raised $3 million across 2 funding rounds from investors including KuCoin, Republic and Gate.io. Magic Square has completed 1 acquisition, including TruePNL. Magic Square offers products and services including Magic Store, Magic Launchpad, Magic Staking & Farms, and SQR Token.
- Headquarter Limassol, Cyprus
- Founders Andrey Nayman
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Magic Square Int Ltd.
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Products & Services of Magic Square
Magic Square offers a comprehensive portfolio of products and services, including Magic Store, Magic Launchpad, Magic Staking & Farms, and SQR Token. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform hosting decentralized apps and games.
A service for launching new token sales.
A tool for staking tokens and earning rewards.
A utility token powering the Magic ecosystem.
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Funding Insights of Magic Square
Magic Square has successfully raised a total of $3M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(01 Jul 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Magic Square | Valuation |
investors |
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| Jul, 2022 | Amount | Seed - Magic Square | Valuation | Republic , Binance Labs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magic Square
Magic Square has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include KuCoin, Republic and Gate.io. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech startups are invested in by GSR Ventures.
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Founded Year | Domain | Location | |
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Gravity Ventures is operated as a seed capital fund.
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Founded Year | Domain | Location | |
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Payment management solutions are offered for blockchain game currencies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magic Square
Magic Square has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TruePNL. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform providing trading bots for cryptocurrency trading
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magic Square
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magic Square Comparisons
Competitors of Magic Square
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magic Square
Frequently Asked Questions about Magic Square
When was Magic Square founded?
Magic Square was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Magic Square located?
Magic Square is headquartered in Limassol, Cyprus.
Who is the current CEO of Magic Square?
Andrey Nayman is the current CEO of Magic Square. They have also founded this company.
Is Magic Square a funded company?
Magic Square is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jul 01, 2022.
What does Magic Square do?
Magic Square is established as the worlds first Web3 app store, where decentralized applications and games are hosted across sectors like DeFi, GameFi, and AI Agents. Various tools and solutions are provided, including Magic Store for app discovery, Magic Launchpad for token launches, and Magic Staking for earning rewards. Growth campaigns and community engagement are facilitated for users and developers shaping the decentralized future.
What products or services does Magic Square offer?
Magic Square offers Magic Store, Magic Launchpad, Magic Staking & Farms, and SQR Token.
How many acquisitions has Magic Square made?
Magic Square has made 1 acquisition, including TruePNL.
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