Magic Labs raised $52M Strategic Funding on May 31, 2023 - CypherHunter

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Magic Labs raised $52 million in a Strategic funding round led by PayPal Ventures with participation from Volt Capital, Synchrony, Cherubic Ventures, Northzone, KX, and others.

May 31, 2023

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Source:

prnewswire.com

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Magic Labs

Drop passwords. Use magic links.

Ecosystems

Sectors

Development, Security, Substrate

Links

Location

USA

Investors

Led by

PayPal Ventures

PayPal's venture capital arm, investing in PayPal's strategic interest fields for return.

Participating

Community. Research. Investment.

On-Chain Copy-Trading. Composable Indexes.

Cherubic Ventures

Early-stage venture capital firm providing seed capital to talented entrepreneurs.

Support entrepreneurs in building global companies.

Humanity X Technology.

Fundraising Summary

Total Raised

$10M+

Total Rounds

1+

Total Investors

Previous Rounds

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Funding Highlights

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