Magic
PrivateLast Round
Strategic
May 30, 2023
Est. Valuation
$500M
Total Funding Raised
$83M
Company Overview
Magic operates in Crypto & Web3 and is based in San Francisco, California. Its latest recorded funding round was a Strategic round in May 2023.
Magic is a software company that provides a wallet-as-a-service (WaaS) and passwordless authentication solution, enabling developers to integrate non-custodial wallet creation into their applications.
Sector
Crypto & Web3
Verticals
Blockchain Infrastructure, Digital Wallets, Digital Identity, Platform-as-a-Service
Business Model
B2B2C
Customer Profile
Usage-Based SaaS, Freemium, Subscription SaaS
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Magic Comparables
Compare Magic with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Thirdweb | 81% | |
| Stripe | 81% | |
| Alchemy | 80% |
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Magic Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | May 30, 2023 | ||||
| Series A | Jul 22, 2021 | ||||
| Seed | May 29, 2020 |
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Magic Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Refactor Capital | Seed |
| Cherubic Ventures | Seed, Strategic, Series A |
| SV Angel | Seed, Series A |
| PayPal Ventures | Strategic |
| Northzone | Strategic, Series A |
| Social Capital | Seed |
| Winklevoss Capital | Seed |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 21, 2025
Added Btcdex as a customer
- May 30, 2023
$52M round led by PayPal Ventures.
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Magic Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Magic's valuation, stock price, and market status.
Is Magic a public or private company?
Magic is a private company.
What is the current stock price of Magic?
Magic is a private company, so its shares have no public market price. Caplight tracks Magic's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Magic worth (valuation)?
Magic's valuation is estimated at $500.0M based on funding round data.
Can I buy Magic stock?
Magic shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Magic's last funding round?
Magic's most recent funding round was Strategic on May 30, 2023.
Who are the main investors in Magic?
Key investors in Magic include PayPal Ventures, Northzone, Placeholder Venture Capital, Volt Capital.
Will Magic IPO soon?
No public IPO plans have been announced for Magic.
How can I track Magic secondary market activity?
Caplight tracks bids, offers, and trades in Magic's shares on secondary markets.