About Magna
Magna is a company based in New York (United States) founded in 2022. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Magna has raised $15.33 million across 2 funding rounds from investors including Polygon, Alchemy and Protocol Labs. Magna offers products and services including Onchain Vesting, Offchain Vesting & Tax, Whitelabel Claim Portals, Grant Management, and Custody & Escrow. Magna operates in a competitive market with competitors including Bitwave, Gilded, consola.finance, Fyde and Coinshift, among others.
- Headquarter New York, United States
- Stage Minicorn
-
Sectors
Financial ServicesTechnology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Magna Digital, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$15.33 M (USD)
in 2 rounds
-
Latest Funding Round
$15.2 M (USD), Seed
Sep 15, 2022
-
Investors
Polygon
& 18 more
-
Employee Count
Employee Count
-
Acquired by
(Feb 18, 2026)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Magna
Magna offers a comprehensive portfolio of products and services, including Onchain Vesting, Offchain Vesting & Tax, Whitelabel Claim Portals, Grant Management, and Custody & Escrow.
Token unlocks are automated with on-chain vesting contracts.
Distribution timing is controlled with off-chain vesting solutions.
Customized claim portals are provided for token distribution.
Ecosystem grants are tracked and managed efficiently online.
Dynamic custody and escrow services are offered securely.
People of Magna
Unlock access to complete
Funding Insights of Magna
Magna has successfully raised a total of $15.33M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $15.2 million completed in September 2022. 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 Seed — $15.2M
-
First Round
First Round
(01 Jun 2022)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Magna | Valuation | Tiger Global Management , TVP | |
| Jun, 2022 | Amount | Seed - Magna | Valuation |
investors |
Investors in Magna
Magna has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Polygon, Alchemy and Protocol Labs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Early-stage tech startups in regulated markets are funded by TVP.
|
Founded Year | Domain | Location | |
|
Seed-stage companies are funded by this venture capital entity.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Magna
Financial Statements - Magna
Magna Comparisons
Competitors of Magna
Magna operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bitwave, Gilded, consola.finance, Fyde and Coinshift, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Accounting solutions for crypocurrencies
|
|
| domain | founded_year | HQ Location |
Accounting and payment solutions are provided for crypto businesses.
|
|
| domain | founded_year | HQ Location |
Automated crypto bookkeeping and reporting services are provided.
|
|
| domain | founded_year | HQ Location |
On-chain treasury management solutions are offered for liquidity and yield.
|
|
| domain | founded_year | HQ Location |
Crypto treasury management is provided for DAOs and businesses.
|
Frequently Asked Questions about Magna
Magna was founded in 2022.
Magna is headquartered in New York, United States. It is registered at New York, New York, United States.
Magna is a funded company, having raised a total of $15.33M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2022.
Comprehensive digital asset management services are offered by Magna for founders, protocols, investors, and financial officers in the blockchain sector. Token cap tables are managed, vesting schedules are automated both on-chain and off-chain, tax deductions are accounted for, airdrops are executed, conditional grants are distributed, and dynamic custody solutions are provided. Integration with major custody tools and HRIS platforms is supported, ensuring seamless operations across multiple blockchains like Solana, Ethereum, and Aptos. White-glove support and legal expertise are extended to ensure compliance and efficiency in token operations.
Magna offers Onchain Vesting, Offchain Vesting & Tax, Whitelabel Claim Portals, Grant Management, and Custody & Escrow.
Magna has 19 investors. Key investors include Polygon, Alchemy, Protocol Labs, Plug and Play Tech Center, and Shima Capital.
The valuation of Magna is $70M as of Sep 2022.