Magna

YC W22 · Plug and Play · Acquired · Carta for Web3: token vesting and DeFi investment management.

Competitors

Companies closest to Magna
Company	Category	Status	Program
intropicShared: investment managementNot statedOther	Other	Not stated	EF2019
Cash Flow PortalShared: investment managementActiveOther	Other	Active	YCW22

Adjacent

Companies next to Magna
Company	Category	Status	Program
CashmereShared: dao, defi, web3InactiveOther	Other	Inactive	YCW22
TaoFiShared: defi, financialAcquiredAI	AI	Acquired	YCW21
RyseShared: secondary marketActiveAI	AI	Active	YCW24
Notebook LabsShared: defi, web3, problemInactiveOther	Other	Inactive	YCS22
Pit.AIShared: investment management, marketInactiveAI	AI	Inactive	YCW17

Also from W22

All of W22

Company	Category	Status
AgaveAI Financial Operations for ConstructionActiveAI	AI	Active
AgencyAgency replaces traditional security and compliance headcount with AI.ActiveAI	AI	Active
AirworkOn-demand labour that's actually goodActiveAI	AI	Active
AndiAI Search for the Next GenerationActiveAI, Data, Devtools	AI, Data, Devtools	Active
Ankr HealthVirtualizing brick-mortar infrastructures of clinics w/ generative AIActiveAI	AI	Active
ArcBanking & Funding for StartupsAcquiredAI	AI	Acquired

Programs

Programs Magna went through
Program	Cohort	Source
Y Combinator	W22 · Winter 2022	YC Page
Plug and Play	Not stated	Plug and Play Page

About Magna

Magna is building a platform to turn DeFi investments into financial primitives. Our first product is Carta for Web3, where companies can manage their cap tables and distribute their token equity to employees, advisors, or investors. We’re also building investor infrastructure for institutions to custody investments with on-chain execution and intelligence. Our ultimate goal is to use locked tokens as composable building blocks to power collateralized lending, liquid secondary markets, and other DeFi applications. Launching a token? Let's chat. Are you receiving tokens from your investments? We can also be helpful. What are our companies saying about the problem? > Having it all bundled together would make life easier. We have a million things to do. If you have an off-the-shelf thing, we’d use it. > This wouldn’t be a nice to have, it’d be a have to have. > Terrible process. We’re manually sending out transactions, going to solscan and manually check that they received our token. Takes hours every week. > Everything we do is potentially very dangerous. We have to check it thoroughly. I’ve spent several hours a day on this since launch. I imagine every month, it’ll take us at least 1-2 days. > Manual process every month for the ops team. They likely burn a week.... every month to pay out 150+ addresses.

YC batch: W22 · Winter 2022
Status, per YC: Acquired
Category: Other
Team size: 18
Location: New York City, NY, USA; New York, NY, USA
Checked: 32m ago

YC tags: DeFi, DAO

Magna in W22: 398 companies, 44% AI

Magna: questions

Which YC batch was Magna in?

Magna was in Y Combinator's Winter 2022 batch (W22).

Which accelerators did Magna go through?

Magna is listed by Y Combinator (W22), Plug and Play.

Is Magna still active?

Y Combinator lists Magna as acquired.

Where is Magna based?

Magna lists New York City, NY, USA; New York, NY, USA as its location on YC's directory.

Sources: each program's public company list, read twice a week. Not affiliated with Y Combinator or any other program. Logos via logo.dev; trademarks belong to their owners.