# Magna **Source:** https://geo.sig.ai/brands/magna **Vertical:** Finance **Subcategory:** Accounting Software **Tier:** Emerging **Website:** magna.so **Last Updated:** 2026-04-14 ## Summary Web3 token vesting and cap table platform with $2B TVL; $15M seed from Tiger Global and Tusk Ventures providing Carta-equivalent equity infrastructure for crypto startups and DAOs. ## Company Overview Magna is a New York-based Web3 infrastructure company providing token vesting, cap table management, and digital asset treasury services for crypto startups, DAOs, and Web3 companies — offering the crypto equivalent of Carta's equity management infrastructure for companies that issue tokens rather than (or in addition to) traditional equity. Founded in 2022 and backed by $15 million in seed funding led by Tiger Global and Tusk Venture Partners at a $70 million valuation, Magna reached $2 billion in total value locked (TVL) by 2024 and manages token distribution, vesting schedules, tax withholding, and custody for employees, advisors, and investors. Magna's smart contract-based vesting infrastructure handles the token equivalent of what Carta provides for equity: generating token vesting schedules (typically 4-year with 1-year cliff, mirroring equity vesting norms), automating token releases on vesting dates, managing cliff periods, handling termination-related forfeitures, and providing employees and investors with dashboards showing vested/unvested balances. Tax reporting for token compensation is a significant complexity that Magna handles — employees receiving token grants have ordinary income tax liabilities when tokens vest at the spot price. In 2025, Magna competes in the Web3 cap table and token management market with Toku (token compensation tax infrastructure), Liquifi (token vesting platform), and AngelList's token investment infrastructure for Web3 company equity and token management. The crypto market recovery in 2024-2025 (Bitcoin all-time highs above $100,000) has reignited activity in the Web3 startup space — new token launches, DAO treasury management needs, and employee token compensation packages are all active areas. Magna's TVL growth to $2B demonstrates significant trust from the Web3 startup community. The 2025 strategy focuses on growing TVL through new token launches, deepening the tax compliance features that reduce accounting burden for Web3 startups, and building the investor relations tools that help Web3 projects manage token stakeholder communications. ## Frequently Asked Questions ### What is Magna? Magna is a New York-based Web3 digital asset management platform founded in 2022 that provides Carta-equivalent services for the crypto industry. The platform specializes in token vesting and DeFi investment management, helping companies manage cap tables and distribute token equity using audited smart contracts on the blockchain. ### What products and services does Magna offer? Magna offers a token vesting platform and DeFi investment management services that handle vesting schedules, tax withholding, airdrops, grants, escrow, staking, and custody. The platform automates token unlocks and vesting schedules through audited smart contracts, with the goal of enabling collateralized lending, liquid secondary markets, and other DeFi applications using locked tokens. ### Who is Magna for? Magna is designed for Web3 companies that need to manage cap tables and distribute token equity to employees, advisors, or investors. The platform serves organizations looking for automated, blockchain-based solutions for token vesting and DeFi investment management. ### When was Magna founded? Magna was founded in 2022 by Bruno Faviero and Arun Kirubarajan. The company participated in Y Combinator's Winter 2022 batch (W22). ### Where is Magna headquartered? Magna is based in New York, NY. The company operates with an 18-person team. ### How much funding has Magna raised? Magna raised a $15M seed round at a $70M valuation led by Tiger Global and Tusk Venture Partners. Additional investors include Shima Capital, Circle Ventures, Solana Ventures, Polygon Ventures, Avalanche Labs, Alchemy Ventures, and Galaxy Digital. ### What are Magna's key achievements and metrics? Magna achieved $2B in total value locked in smart contracts in 2024, up from $150M in 2023 volume and $500M in transaction volume. The company has grown to an 18-person team since its 2022 founding. ### What technology does Magna use? Magna uses audited smart contracts on blockchain to automate token unlocks and vesting schedules. The platform's smart contracts allow for cancellation and reclamation of tokens, providing a modular system to launch, manage, and grow tokens with composable building blocks for DeFi applications. ### How does Magna compare to traditional solutions? Magna is positioned as the Carta equivalent for Web3, bringing traditional cap table management and equity distribution services to the blockchain and cryptocurrency space. The platform modernizes these services for digital assets with automated, blockchain-based solutions. ### What are Magna's recent developments? In 2024, Magna reached $2B in total value locked, representing significant growth from $150M in 2023 volume and $500M in transaction volume. The company also completed its $15M seed funding round led by Tiger Global and Tusk Venture Partners with participation from major crypto-focused venture firms. ## Tags b2b, fintech, blockchain, platform, scaleup, north-america --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*