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Magic Eden revenue is $96 million

Magic Eden is worth $205 million valuation

Magic Eden team size is 100 employees


How did Latka collect this data?

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Latka collected this data by interviewing Magic Eden CEO Jack Lu on 05/10/2022

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Magic Eden

- Victoria, Australia

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How Magic Eden hit $96M Revenue with 900K customers in 2022.

The leading NFT Marketplace on Solana

Founded

2021

Founded

Revenue

$96M

2022 Revenue

YOY
-----

YOY

Funding

$29.5M

Funding


Magic Eden Revenue

In 2022, Magic Eden revenue run rate hit $96M in revenue.

  • 2022

    Magic Eden hit $96M in revenue this year

  • 2021

    Magic Eden launched in 2021 with $0 revenue

$96M

Magic Eden Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2022 Series A

    Magic Eden raised a Series A of $27M at a $205M valuation in May 2022

  • 2021 Seed

    Magic Eden raised a Seed of $2.5M at a $10M valuation in May 2021

FUNDING DATEROUNDAMOUNTVALUATION
05/10/2022 Series A $27M $205M
05/10/2021 Seed $2.5M $10M

Team

Magic Eden has 100 total employees They have 900000 customers an engineering team of 40

2022
DISTRIBUTIONQTY
Total team size
100
Engineer
40(40%)
Sales
0(0%)
Marketing
0(0%)

CEO/Founder

Jack Lu

After monitoring the crypto space and recognizing its great potential, particularly on Solana, Jack took the leap starting out at FTX, one of the industry’s leading exchanges where he worked within Partnerships and Corporate Development. Following this, Jack decided to fill the gap in the market for a community-focused interactive NFT ecosystem and marketplace, and launched Magic Eden which has witnessed one of the fastest paces of growth in crypto.

Q&A

What`s your age?

32

Favorite online tool?

Telegram

Favorite book?

Bird Chronicles

Favorite CEO?

Sam CEO FTX

Advice for 20 year old self

Studied computer science


Customers

Magic Eden has 900K customers.

Lifetime Months

-

x

Monthly ARPU

$9

=

Lifetime Dollar

-

Acquisition Cost

-

Average Annual Price

$108

$0$108024681012
$0$108024681012

Churn

Magic Eden has an annual churn rate of 0.00%.

-100-500%50100

Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%


About Magic Eden

Monthly Revenue

$8M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Magic Eden Board of Directors

NamePosition

Magic Eden Executives

NamePosition
Jack Lu CEO

Magic Eden Employees

NamePosition
Jack Lu CEO

Frequently Asked Questions about Magic Eden

When was Magic Eden founded?

Magic Eden was founded in 2021.

How much revenue does Magic Eden generate?

Magic Eden generates $96M in revenue.

Who is the CEO of Magic Eden?

The CEO of Magic Eden is Jack Lu.

How much funding does Magic Eden have?

Magic Eden was raised $29.5M.

How many employees does Magic Eden have?

Magic Eden has raised 100 employees.

Where is Magic Eden headquarters?

Magic Eden headquater is at Australia