How much funding has Magic Labs raised?

Magic Labs has raised $83.0M in total funding, most recently a Venture Round.

Who are Magic Labs's investors?

Magic Labs's investors include Northzone, PayPal Ventures, Volt Capital, Cherubic Ventures, Synchrony Ventures, Tiger Global.

When was Magic Labs founded?

Magic Labs was founded in 2018.

Where is Magic Labs headquartered?

Magic Labs is headquartered in San Francisco, United States.

What industry is Magic Labs in?

Magic Labs operates in Crypto & Web3, Cybersecurity.

Magic Labs

The fastest way to build onchain

San Francisco, United States · Founded 2018 · $83.0M raised

Crypto & Web3

Cybersecurity

Headquarters: San Francisco
Founded: 2018
Business Model: B2B
Website: magic.link

Total Funding: $83.0M
Last Round: $52.0M Venture RoundMay 2023
Rounds: 3

About

Magic Labs, Inc. (formerly Fortmatic) is a San Francisco-based wallet infrastructure company operating since 2018 that provides a passwordless, non-custodial embedded wallet API for onboarding users via email, social login, passkeys, or SSO. Its platform powers over 53 million wallets across 18,000 applications for enterprise customers such as Polymarket, Immutable, and Mattel, and is backed by investors including PayPal Ventures and Lightspeed.

Summary

Magic Labs is a Crypto & Web3 company based in San Francisco, United States, founded in 2018. It has raised $83.0M in total across 3 rounds, most recently a $52.0M Venture Round round in May 2023. Investors include Northzone, PayPal Ventures and Volt Capital.

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