MagicBlock, a startup building fully on-chain real-time applications on the Solana blockchain, said it has raised $7.5 million in a Seed funding round led by Lightspeed Faction.
The round was also backed by Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and angel investors including Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver.
The round follows a $3 million pre-seed led by Andreessen Horowitz’s Crypto Startup School (a16z CSX) in September 2024, bringing total funding to $10.5 million, the company said.
The new capital will be used to scale its engineering team, grow the developer ecosystem and expand the underlying infrastructure powering next-generation onchain applications.
MagicBlock’s Ephemeral Rollup technology addresses longstanding trade-offs for blockchain builders by delivering ultra-low latency, elastic throughput and native Solana composability without the need for bridges or layer-two compromises.
The dynamic execution layer automatically scales runtimes and plugins based on demand, enabling real-time use cases such as streaming data, high-frequency trading and multiplayer gaming to run entirely onchain.
Co-founders Andrea Fortugno and Gabriele Picco, who pioneered the Ephemeral Rollup concept, said the platform allows apps to tap into Solana’s speed and liquidity while retaining full access to its composable ecosystem.
Available plugins include one-millisecond pricing streams, custom sequencing logic and permissioned execution environments for enterprise-grade security.
MagicBlock has already integrated with several projects across the Solana ecosystem, including Flash Trade, a decentralized derivatives exchange using its rollups for gas-efficient, real-time trading; Supersize, an onchain multiplayer gaming platform; dTelecom for decentralized voice and video with minimal latency; Pyth Lazer, which provides sub-millisecond price feeds; and Jito, leveraging restaking to enhance validator performance and security.
Beyond technical partnerships, MagicBlock plans to launch developer resources such as hackathons, technical documentation and grant programmes to drive ecosystem adoption.
The startup is also collaborating with leading node operators and validators to optimise network performance and security.
Fortugno said developers no longer have to choose between Solana’s performance and the flexibility of centralized systems.
