Tech Company Financing Transactions

Magma Funding Round

Magma, based in Miami, received $3.9 million in funding from Animoca Ventures, Bloccelerate VC and Builder Capital.

Transaction Overview

Company Name
Announced On
10/31/2024
Transaction Type
Venture Equity
Amount
$3,900,000
Round
Seed
Proceeds Purpose
The company intends to use the funds to further develop its liquid staking platform and MEV (Maximal Extractable Value) architecture.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
Miami, FL Undisclosed
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
Magma is the community powered liquid staking protocol on Monad. Magma community members participate in decision making and align to the long term direction of the protocol within the Monad ecosystem.
Profile
Magma LinkedIn Company Profile
Social Media
Magma Company Twitter Account
Company News
Magma News
Facebook
Magma on Facebook
YouTube
Magma on YouTube

Management Team

Title
Name
Email & Social
Founder
Meir Bank
  Meir Bank LinkedIn Profile  Meir Bank Twitter Account  Meir Bank News  Meir Bank on Facebook
Founder
David Mass
  David Mass LinkedIn Profile  David Mass Twitter Account  David Mass News  David Mass on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/31/2024: Tola venture capital transaction
Next: 10/31/2024: Glow International venture capital transaction

 

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About Our VC Transactions Data

We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.

 


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