Magna Announces $15 Million Seed Round to Manage and Automate Token Distribution for Companies
NEW YORK, Sept. 15, 2022 /PRNewswire/ — Magna, a New York-based token management platform, announced today it has raised $15.2 million in seed funding. The round was led by Tiger Global and Tusk Venture Partners with participation from Circle Ventures, Galaxy Digital, Asymmetric, Alchemy Ventures, Solana Ventures, Ava Labs, Polygon, Protocol Labs, Y Combinator Continuity, Blockchain Founders Fund, AV Blockchain Fund, Olive Tree Capital, ProtoFund, Plug and Play Ventures, Balaji Srinivasan, Ryan Selkis, and angels including senior executives from Anchorage, Fireblocks, TRM, Chainalysis, TokenSoft, Phantom, QuantStamp, and QuickNode, among other investors. In the last few years, there has been a