Today’s internet is monopolized by a few big tech companies that we rely on every day to surf. The incentives that surround users and these big technology companies are now misaligned. Sean Li (CEO), Arthur Jen (CTO) and Jaemin Jin (Chief Blockchain Officer) have teamed up as three co-founders to develop Magic, a tool to seamlessly integrate “unstoppable passwordless authentication” into the modern tech stack.

The San Francisco-based startup raised $ 27 million Series A ($ 31 million total) from lead investor Northzone, Tiger Global, Volt Capital, Digital Currency Group, CoinFund, and previous seed round investors Placeholder, Cherubic Ventures, SV., Collected Angel, Naval Ravikant, Guillermo Rauch. In addition, several notable angels attend, including (but not limited to): Alexis Ohanian (Co-Founder of Reddit, Initialized Capital), Balaji Srinivasan(Ex-CTO at Coinbase, co-founder of Earn.com), Ben Pruess (President at Tommy Hilfiger, …

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