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Token Management Platform Magna Closed $15 Million Seed Round at $70 Million Valuation with Tiger Global Involved

Token management platform Magna closed a $15 million seed round at $70 million valuation led by Tiger Global and Tusk Ventures, with participation from Solana Ventures, Polygon Ventures, Avalanche Labs and others. The funds raised will be used for further development of token distribution software. Magna was co-founded by MIT and Y-Combinator alumnus Bruno Faviero to make it easier for protocols, DAO and crypto funds to send and receive tokens.
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Fund Raising

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