Magpie Protocol - About the company
Magpie Protocol is a seed company based in Dubai (United Arab Emirates), founded in 2022 by Ali Raheman. It operates as a Cross-chain liquidity aggregation platform. Magpie Protocol has raised $3M in funding. The company has 59 active competitors, including 22 that are funded. Its top competitors include companies like MathWallet, LI.FI and Squid.
Company Details
Cross-chain liquidity aggregation platform. The protocol allows users to exchange and invest in cross-chain swaps, enabling clients to deal with any asset, across the blockchains without the need to bridge any assets.
- Website
- magpiefi.xyz
- Social
Key Metrics
Founded Year
2022
Location
Dubai, United Arab Emirates
Stage
Seed
Total Funding
$3M in 1 round
Latest Funding Round
Investors
Ranked
15th among 59 active competitors
Employee Count
15 as on Mar 31, 2026
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Magpie Protocol's funding and investors
Magpie Protocol has raised a total funding of $3M over 1 round. Its latest funding round was a Seed round on Sep 08, 2022 for $*****. 12 investors participated in its latest round. Magpie Protocol has 14 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Magpie Protocol:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 08, 2022 | 5097369 | Seed | 9490041 | 1821080 | 4447188 | 2628391 |
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Magpie Protocol's founders and board of directors
Founder? Claim ProfileThe founders of Magpie Protocol is Ali Raheman. Ali Raheman is the CEO of Magpie Protocol.
Here are the details of Magpie Protocol's key team members:
- Ali Raheman: Founder & CEO of Magpie Protocol. Contact Info: 1 email address
View details of Magpie Protocol's Founder profiles and Board Members
Magpie Protocol's employee count trend
Magpie Protocol has 15 employees as of Mar 26. Here is Magpie Protocol's employee count trend over the years:
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Magpie Protocol's Competitors and alternates
Top competitors of Magpie Protocol include MathWallet, LI.FI and Squid. Here is the list of Top 10 competitors of Magpie Protocol, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | MathWallet 2018, Singapore (Singapore), Series B | Cross-chain wallet for digital assets | $19.8M | 59/100 | |
2nd | Online platform for DEX aggregation of cross-chain bridging, swapping, and messaging | $52M | 58/100 | ||
3rd |  Squid 2023, Switzerland, Series B | Cross-chain swap and liquidity routing protocol | $13.5M | 54/100 | |
4th |  UXUY Protocol 2022, Singapore (Singapore), Seed | Developer of an online cross-chain liquidity aggregation protocol across multiple blockchains | $10.2M | 50/100 | |
5th | Entangle 2021, Dubai (United Arab Emirates), Seed | Developer of liquidity centric sub-layer powering the next generation of cross-chain DeFi applications | $4M | 48/100 | |
6th |  CLV 2020, London (United Kingdom), Seed | Online platform offering cross-chain indexing and DeFi interoperability solutions for various blockchain networks | $3M | 45/100 | |
7th | _1557891575685.png?devicePixelRatio=2&height=30&width=30){kind=logo} Agoric 2018, San Francisco (United States), Series B | Provider of smart contract security services | $38M | 43/100 | |
8th |  UX 2020, Cayman Islands, Seed | Blockchain-based lending protocol for web3 companies | $6.3M | 43/100 | |
9th | Blockchain-based decentralized money transfer protocol | $8M | 43/100 | ||
10th | Blockchain-based decentralized finance platform | $11.2M | 42/100 | ||
15th |  Magpie Protocol 2022, Dubai (United Arab Emirates), Seed | Cross-chain liquidity aggregation platform | $3M | 35/100 |
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Magpie Protocol's Investments and acquisitions
Magpie Protocol has made no investments or acquisitions yet.
Reports related to Magpie Protocol
Here is the latest report on Magpie Protocol's sector:
News related to Magpie Protocol
•
Magpie Protocol Acquires $3M via Seed Round to Enable Seamless Cross-chain SwapsCrowdfund Insider•Sep 08, 2022•Magpie Protocol, Jump Crypto, GSR, ParaFi and 8 others
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FAQs about Magpie Protocol
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