MagicBlock, a Singapore, CA-based real-time engine provider for decentralised games and applications on Solana, raised $7.5M in Seed funding.
The round was led by Lightspeed Faction, with participation from Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and angels including Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver.
The company intends to use the funds to expand its engineering team, scale its developer ecosystem, and continue optimizing its ephemeral rollup technology.
Co-founded by Andrea Fortugno and Gabriele Picco, MagicBlock is a real-time engine integrated with Solana. It provides ultra-low latency, on-demand runtimes, and elastic scalability for onchain applications. Built for developers, the company delivers a combination of speed, composability, and scalability, ensuring that decentralized applications can achieve Web2-level performance without sacrificing the benefits of Web3.
The round followed a $3M investment led by a16z CSX in September 2024.
As part of this growth phase, MagicBlock has partnered with:
- Jito, a company which specializes in Solana’s validator ecosystem that collaborates with MagicBlock to enhance security with restaking and reducing execution time.
- Flash Trade, a provider of a decentralized derivative exchange that leverages MagicBlock’s ephemeral rollups to execute real-time, gas-efficient trades with minimal latency.
- Supersize, a provider of a real-time multiplayer game built fully onchain for a better composability and verifiability.
- dTelecom, a provider of a decentralized real-time communication network running ephemeral rollup technology to deliver a low latency experience with ultra-cheap fees.
- Pyth Lazer, for a 1ms price stream running in Ephemeral Rollups
FinSMEs
25/04/2025