Magna provides a token management platform that lets crypto organizations automate distributions to teams, stakeholders, community members and other recipients on Solana, Ethereum and other blockchains. The product includes token planning features that help founders plan future distributions and educate token holders on future ownership. The company supports distributions on Solana, Ethereum, Polygon, Avalanche and others, and has been managing over $30M of distributions for select customers. Magna went live in July and has distributed to thousands of recipients since launch. The company plans to use the new funding to launch additional token management offerings and expand its team. Magna was founded in early 2022 by CEO Bruno Faviero and CTO Arun Kirubarajan and has a presence in New York, Miami, and Toronto.

Total raised

$15M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2022