Magic
PrivateLast Round
Strategic
May 30, 2023
Est. Valuation
$500M
Total Funding Raised
$83M
Company Overview
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, Identity & Access
Business Model
B2B2C
Customer Profile
Usage-Based SaaS, Freemium, Subscription SaaS
AI Layer
Non-AI
Keywords
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.
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 |
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 |
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.
Recent news
Latest coverage and updates
- is_developingJul 27, 2026
Magic Labs, Inc. is planning to develop Newton Protocol.
- launchesJul 27, 2026
Magic Labs, Inc. launched embedded wallet, a login that creates a wallet invisibly behind a web2-style sign-in on Jul 1st '18.
- sells_assets_toJul 27, 2026
Magic Labs, Inc. was planning to sell assets to Payward, Inc. on Jul 27th '26.
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.
Request accessFrequently 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 with no public stock price. No recent secondary market data is available.
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. Visit https://www.caplight.com to learn more.
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 for private companies. Visit https://www.caplight.com to monitor Magic's secondary market activity and sign up for updates.