How Much Did Magic Eden Raise? Headquarters, Funding & Key Investors

Magic Eden has raised a total of $157 million across five funding rounds, reaching a $1.6 billion valuation as of June 2022. Founded in 2021 and headquartered in San Francisco, the NFT marketplace enables users to discover, trade, and create digital assets across multiple blockchains. Its $130 million Series B round in June 2022, led by Electric Capital and Greylock, is driving expansion into multi-chain capabilities and platform innovation. Backed by investors like Paradigm, Sequoia Capital, and Alameda Research, Magic Eden continues to lead growth in the global NFT ecosystem.

How Much Did Magic Eden Raise? Funding & Key Investors

Magic Eden has raised significant capital across multiple funding rounds, backed by leading firms such as Electric Capital, Greylock, and Paradigm. The platform serves as a leading NFT marketplace, enabling users to discover, trade, and create NFTs across multiple blockchain networks.

What Is Magic Eden and What Does It Do?

Magic Eden, founded in 2021 by Jack Lu, Zhuojie Zhou, and Zhuoxun Yin, is headquartered in San Francisco, California. The company operates as an online marketplace for non-fungible tokens (NFTs), allowing users to buy, sell, and create NFTs, including digital art, games, sports collectibles, and event-based tokens.

Magic Eden focuses on a community-centric approach, offering NFT minting, marketplace aggregation, and rewards for creators and collectors.

With a team of 51-100 employees, the company is expanding its offerings and establishing itself as a major player in the NFT ecosystem.

How Much Funding Has Magic Eden Raised?

1. Seed Round

Amount Raised: $2.5M
Date: October 2021
Lead Investors: Not publicly disclosed
Motivation: To establish the platform and begin initial operations.

2. Venture Round

Amount Raised: $10M
Date: January 2022
Lead Investors: Alameda Research
Motivation: To expand the team and enhance platform capabilities.

3. Series A

Amount Raised: $27M
Date: March 2022
Lead Investors: Paradigm
Motivation: To scale operations and improve user experience.

4. Series B

Amount Raised: $130M
Date: June 2022
Lead Investors: Electric Capital, Greylock
Motivation: To expand primary and secondary marketplaces, explore multi-chain opportunities, and invest in team and technology.

5. Initial Coin Offering

Amount Raised: $0.5M
Date: July 2022
Lead Investors: Alameda Research
Motivation: To fund platform development and initial marketing efforts.

Total Funding Raised: $157 Million

Current Valuation: $1.6 Billion (as of June 2022)

Latest Funding Date: June, 2022

Key Investors

1. Electric Capital

Details: Venture capital firm investing in cryptocurrencies, blockchain-based businesses, and fintech.
Investment Focus Areas: Cryptocurrency, Blockchain, Web3
Notable Investments: Bitwise, Anchorage, Celo

2. Greylock

Details: Venture capital firm focused on early-stage technology companies, emphasizing product execution and community growth.
Investment Focus Areas: Consumer, Enterprise, Fintech
Notable Investments: Airbnb, LinkedIn, Facebook

3. Lightspeed Venture Partners

Details: Multi-stage VC accelerating disruptive innovations in Enterprise and Consumer sectors.
Investment Focus Areas: Enterprise, Consumer, Health
Notable Investments: Snap, Affirm, Grubhub

4. Paradigm

Details: Investment firm supporting crypto companies, protocols, and blockchain innovations.
Investment Focus Areas: Cryptocurrency, Blockchain, Web3
Notable Investments: Uniswap, FTX, Coinbase

5. Sequoia Capital

Details: Venture capital firm partnering with founders to build enduring companies across seed to growth stages.
Investment Focus Areas: Technology, Healthcare, Consumer
Notable Investments: Apple, Google, WhatsApp

Where Is Magic Eden’s Headquarters?

Magic Eden is headquartered in San Francisco, California, United States, providing access to a growing tech ecosystem and talent pool for blockchain and NFT innovation.

What’s Next for Magic Eden?

Magic Eden is positioned for rapid growth, leveraging the $130M Series B funding to expand its marketplaces, explore multi-chain integrations, and enhance technology and user experience. With a strong community and backing from top investors, the company is set to capture a larger share of the NFT market.

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