Magic Eden
Solana, Ethereum, Bitcoin, and Polygon NFT trading. $4B+ in cumulative volume, the on-ramp for the next wave of digital collectibles.
- Location
- San Francisco, United States
- Raised
- $160M+
- Stage
- Series B
- Founded
- 2021
- Category
- Marketplace
- Funding
- VC-backed
- Team
- 201-500
Funding figures as of Jul 2025 · not independently verified
Founders of Magic Eden
- Jack Lu
- Sidney Zhang
Investors backing Magic Eden
- Electric Capital
- Sequoia
- Lightspeed
Frequently asked questions
What does Magic Eden do?
Solana, Ethereum, Bitcoin, and Polygon NFT trading. $4B+ in cumulative volume, the on-ramp for the next wave of digital collectibles.
Where is Magic Eden based?
Magic Eden is based in San Francisco, United States.
When was Magic Eden founded?
Magic Eden was founded in 2021.
How much has Magic Eden raised?
Magic Eden has raised $160M+ in their Series B round as of Jul 2025.
Who founded Magic Eden?
Magic Eden was founded by Jack Lu, Sidney Zhang.
Who has invested in Magic Eden?
Magic Eden is backed by Electric Capital, Sequoia, Lightspeed.
How Magic Eden would pitch themselves
○ Auto-generated01Target customer
Two-sided audience — buyers + suppliers connecting through Magic Eden's platform.
02Problem they solve
Solana, Ethereum, Bitcoin, and Polygon NFT trading. $4B+ in cumulative volume, the on-ramp for the next wave of digital collectibles. The category has historically been served by tools that miss the modern workflow this product is built around.
03Key differentiator
Magic Eden differentiates on the leading multi-chain nft marketplace. Backed by Electric Capital + Sequoia, $160M+ raised — the company has resources + validation to compound this thesis. Founded by Jack Lu + team.
04Go-to-market strategy
Growth-stage GTM — multi-channel revenue motion (direct enterprise sales, channel partnerships, marketplace listings). Vertical specialisation + verticalised AE teams targeting enterprise + mid-market.