ICYMI: Token management platform Magna closes $15 funding round
In a funding round led by Tiger Global and Tusk Ventures, token management platform Magna raised $15 million at a $70 million evaluation.
The company was started at the beginning of 2022 by CEO Bruno Faviero and CTO Arun Kirubarajan, who previously worked together at a company called"We switched to working on Magna when we realized that there were very very few tools for helping crypto companies with their operations," Faviero told The Block."We had been putting together software guides for companies, and realized that there were no tools to even include in a crypto guide at the time.
It is live on Solana, Ethereum, Polygon, Avalanche, BNB Chain and other EVM-compatible chains. It is currently working on Aptos compatibility.
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