BFF co-invests alongside Tiger Global, Tusk Venture Partners, Circle Ventures and Shima Capital
SINGAPORE, Oct. 4, 2022 /PRNewswire/ -- Blockchain Founders Fund (BFF), a Singapore-based Venture Capital Fund that focuses on early-stage Web3 and blockchain startups globally has invested in Magna, a token management platform which raised a $15M seed round at a $70 million valuation led by venture capital firms Tiger Global and Tusk Venture Partners. Founded by CEO Bruno Faviero and CTO Arun Kirubarajan, Magna will use the funding to further expand the platform's token management features and functionalities, and further expand the team.
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Blockchain Founders Fund Backs Token Management Platform Magna
Other participants in the round included Shima Capital, Circle Ventures, Solana Ventures, Polygon Ventures, Avalanche Labs, Alchemy Ventures and Galaxy Digital. Individual investors included ex-Coinbase executive Balaji Srinivasan, Messari's Ryan Selkis and Steve Aoki.
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