NFT Platforms160 Spear Street Suite 1000, San Francisco, CaliforniaFounded 2021CEO Jack Lu
Magic Eden is a Solana-based NFT marketplace founded in late September 2021 by four co-founders: Jack Lu (CEO), Sid (CTO), Zhuoxun Yin (COO), and Joji/Rex (Chief Engineer).
Magic Eden's last reported revenue was $96M in 2022 (Jack Lu on camera). GetLatka estimates it at about $182.3M a year (October 2024). Magic Eden is #36 on the Latka List. The list ranks the 1,356 companies Nathan Latka has interviewed by revenue.
| As of | Revenue | Source |
|---|---|---|
| 2022 | $96M | Calculated from what Jack Lu saidWatch at 11:30 |
| Oct 2024 | $182.3MEST | GetLatka estimate |
Magic Eden is privately held, so there is no Magic Eden stock to buy. Investors valued it at $205M in its May 2022 Series A.
Valuation history$205M Series A 2022$10M Seed 2021
Magic Eden has raised $29.5M across two rounds since 2021. The latest was a $27M Series A in May 2022.
| Date | Round | Raised | Valuation | Source |
|---|---|---|---|---|
| May 2022 | Series A | $27M | $205M | Jack Lu on cameraWatch at 10:25 |
| Oct 2021 | Seed | $2.5M | $10M | Jack Lu on cameraWatch at 13:23 |
| Total raised | $29.5M |
Nathan Latka has interviewed Magic Eden once, speaking with Jack Lu. Each figure links to the second it was said.
Watch: How Magic Eden Hit $8M in Monthly Revenue and a $27M Series A as the Second Largest NFT Marketplace (Interview with CEO Jack Lu)May 2022 · Jack Lu, Co-Founder and CEO
Growth tactics they described: Cold OutreachWatch at 6:58
Jack Lu is CEO of Magic Eden. Magic Eden had 130 employees (October 2024, LinkedIn).
InvestorsMike Duboe
| As of | Employees | Source |
|---|---|---|
| Oct 2024 | 130 | |
| Jul 2023 | 130 | – |
| May 2022 | 100 | Jack Lu on cameraWatch at 21:58 |
GetLatka estimates Magic Eden's revenue at about $182.3M a year (October 2024). The last reported figure was $96M in 2022, as Jack Lu said on camera.
Investors valued Magic Eden at $205M in its May 2022 Series A, as Jack Lu said on camera.
Magic Eden has raised $29.5M across two funding rounds. The latest was a $27M Series A in May 2022.
No. Magic Eden is a private company, so its shares aren't traded on a stock exchange.
Magic Eden had 130 employees in October 2024, according to LinkedIn.
Jack Lu is the CEO of Magic Eden. Nathan Latka interviewed Jack Lu in May 2022.
6 said on camera · 1 from public sources · 1 estimate. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice. The Latka List ranks the private, operating companies Nathan Latka has interviewed by the latest revenue figure on each profile, reported or estimated; equal figures share a rank.
Updated Oct 29, 2026Data disclaimerReport a correctionClaim this profile