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Magna
Token management platform
- 1-20 employees
- Fintech
- B2B
- Cryptocurrency
- SaaS
- Blockchain
- Automation
- Bowery, New York, NY
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Company mission
To make it easier for crypto companies to manage their tokens and tokenholders so that they can focus on their product.
Few candidates hear
back within 2 weeks
Our take
As they scale, crypto companies can find themselves spending time on things other than their product, to the detriment of business momentum. Magna supplies a token management platform to automate the distribution of tokens and manage stakeholder information, allowing its clients’ teams to focus on product development and priority goals.
Magna’s platform is built for investors, employees, accounts, lawyers, and other crypto stakeholders, and it works on major blockchains including Solana and Ethereum and soon to launch on Aptos. The company has added additional functions such as custom vesting schedules and a branded claim portal, demonstrating Magna’s enthusiasm to reach its goal of being a one-stop solution for token-based crypto companies.
By bringing automation to token distribution, where it has so far been lacking, Magna is tackling a well-documented problem in the crypto space, which has gained the company good levels of interest and investment. Funds will be used to accelerate development and build out its product and a new partnership with BlackTokenomics will allow the company to continue to improve and streamline tokenomics workflows.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Highly Technical Team: This is a space with deep technical challenges that reward builders. We solve hard problems in both web2 and web3.
- Top-notch healthcare plans: We offer the best available platinum PPO and other similar plans that give you the most options with the lowest deductibles.
- Learning Budget: We offer a dedicated stipend for purchasing learning materials and attending conferences/hackathons.
- Unlimited Vacation: Take time off when you need it. Magna mandates a 2 week vacation minimum for all employees, regardless of role.
- Well-Funded: We’re a well-funded and lean company with runway that can last us to build in the industry for many years to come.
- NYC Based + Remote Friendly: We operate on a hybrid model, where most employees come in a couple of times per week to our downtown Manhattan office.
Funding (1 round)
Sep 2022
$15.2m
SEED
Total funding: $15.2m
This company has top investors
Leadership
Founder and former CEO of Maple. Co-founded several other companies including Alloy Fund and Kolena.
Arun Kirubarajan
(CTO)Worked in Quant at Millennium and at Vise. Co-founded Catacomb.