MagicBlock - About the company
MagicBlock is a seed company based in Singapore (Singapore), founded by Andrea Fortugno and Gabriele Picco. It operates as a Developer of infrastructure for creating real-time applications on the blockchain. MagicBlock has raised $10.5M in funding from Faction VC. The company has 1409 active competitors, including 288 funded and 30 that have exited. Its top competitors include companies like Mysten Labs, Solana and Aptos.
Company Details
Developer of infrastructure for creating real-time applications on the blockchain. The infrastructure allows developers to deliver applications at scale. The company focuses on combining technical expertise with creative vision. The company helps teams rethink possibilities for applications on the blockchain.
Key Metrics
Location
Singapore, Singapore
Stage
Seed
Total Funding
$10.5M in 2 rounds
Latest Funding Round
Investors
Ranked
189th among 1409 active competitors
Employee Count
17 as on Sep 30, 2026
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MagicBlock's funding and investors
MagicBlock has raised a total funding of $10.5M over 2 rounds. Its first funding round was on Sep 17, 2024. Its latest funding round was a Seed round on Apr 24, 2025 for $*****. 8 investors participated in its latest round. MagicBlock has 8 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of MagicBlock:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 24, 2025 | 3754697 | Seed | 7338639 | 5321784 | 2241113 | 1098031 |
Sep 17, 2024 | 6236852 | Seed | 7002913 | 7378337 | 7464354 |
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MagicBlock's founders and board of directors
Founder? Claim ProfileThe founders of MagicBlock are Andrea Fortugno and Gabriele Picco. Andrea Fortugno is the CEO of MagicBlock.
Here are the details of MagicBlock's key team members:
- Andrea Fortugno: Co-Founder & CEO of MagicBlock and founder of 1 other company.
- Gabriele Picco: Co-Founder & CTO of MagicBlock and founder of 1 other company.
View details of MagicBlock's Founder profiles and Board Members
MagicBlock's employee count trend
MagicBlock has 17 employees as of Sep 26. Here is MagicBlock's employee count trend over the years:
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MagicBlock's Competitors and alternates
Top competitors of MagicBlock include Mysten Labs, Solana and Aptos. Here is the list of Top 10 competitors of MagicBlock, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Mysten Labs 2021, Palo Alto (United States), Series B | Blockchain platform offering Web3 infrastructure solutions | $336M | 81/100 | |
2nd |  Solana 2010, San Francisco (United States), Series C | Developer of enterprise infrastructure for issuing assets and digital payments | $374M | 79/100 | |
3rd | Aptos 2021, Palo Alto (United States), Series D | Provider of protocols for building blockchain-based solutions | $350M | 79/100 | |
4th | NEAR 2017, Zug (Switzerland), Series D | Public blockchain network platform | $542M | 77/100 | |
5th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 76/100 | |
6th |  Ankr 2017, San Francisco (United States), Series C | Provider of blockchain infrastructure node access and decentralized network services | $16M | 73/100 | |
7th | Blockchain-based public network for decentralized applications | - | 70/100 | ||
8th | Chain 2014, San Francisco (United States), Acquired | Blockchain solutions empowering businesses to thrive in the Web3 era | $39.5M | 70/100 | |
9th |  DFINITY 2014, Palo Alto (United States), Series C | Blockchain-based public network for building decentralized applications | $164M | 68/100 | |
10th |  Avalanche 2018, Tortola (United Kingdom), Funding Raised | Provider of smart contracts platform for decentralized application development | - | 68/100 | |
189th |  MagicBlock Singapore (Singapore), Seed | Developer of infrastructure for creating real-time applications on the blockchain | $10.5M | 39/100 |
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MagicBlock's Investments and acquisitions
MagicBlock has made no investments or acquisitions yet.
Reports related to MagicBlock
Here is the latest report on MagicBlock's sector:
News related to MagicBlock
•
Solana's Gaming Future Gets a Boost as MagicBlock Bags $7.5M InvestmentCrypto Economy•Apr 25, 2025•MagicBlock, Faction VC
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