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New Deal


Announced

Completed

Electric Capital and Greylock Partners led a $130m Series B round in Magic Eden.

Financials

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Transaction Value£105m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Domestic

Software

Friendly

Private

United States

Private Equity

Minority

Venture Capital

digital marketplace

Acquisition

Completed

cryptocurrencies

Synopsis

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Electric Capital, an early stage venture firm, and Greylock Partners, a venture capital firm, led a $130m Series B round in Magic Eden, a NFT marketplace, with participation from Lightspeed Venture Partners, Paradigm and Sequoia Capital. “This valuation more than ever validates the industry and market we’re in. There’s investor appetite to bet on this market. We’re very bullish on the horizon, there’s a lot to build and most of the use cases are still early, so this gives us an opportunity to build that," Zhuoxun Yin, Magic Eden COO.

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