M

MAGIC Fund

32 employees

MAGIC Fund is an early-stage venture capital fund built by founders for founders.

Investor insights

Sectors invested in

Financial Services41
FinTech40
Software37
Health Care21
SaaS19
E-Commerce16
Finance16
Information Technology14
Artificial Intelligence14
Marketplace12
Payments12
Machine Learning11
Analytics11
Banking8
B2B7
Big Data7
Mobile Apps7
Wellness6
Retail Technology6
Fintech6

Funding rounds participated in

$1.7M sweet spot round size

Most of their 152 investments are in rounds between $400K and $3.4M

Basic info

Industry

software development
venture capital and private equity principals

Sectors

Developer Tools
Health Care
Real Estate
E-Commerce
FinTech
SaaS
Cryptocurrency
Emerging Markets

Date founded

2017

Investments made

F

Frigade (YC W23) raised $3M on July 21, 2023

Investors: Y Combinator, La Famiglia VC, Craft Ventures, defy.vc and MAGIC Fund

T

Triumph raised $10M on May 10, 2023

Investors: HNVR, Strike Capital, Valhalla Ventures, NOMO Ventures, Steel Perlot, Heroic Ventures and MAGIC Fund

B

Balad raised undisclosed on May 8, 2023

Investors: Launch Africa Ventures, acasia, Full Circle Africa and MAGIC Fund

E

Estafsar raised $400K on May 1, 2023

Investors: MAGIC Fund

R

Rebel Tech raised $1.6M on April 21, 2023

Investors: Founders Factory, Planet Fund, G-Force, Satgana and MAGIC Fund

P

Payday (Techstars '21) raised $3M on March 29, 2023

Investors: Voltron Capital, Ventures Platform Fund, Moniepoint Inc. (Formerly TeamApt Inc.), Ingressive Capital, HoaQ, TeamApt and MAGIC Fund

C

Credable Group raised $2.5M on March 20, 2023

Investors: acasia, Asia Africa Investment & Consulting, Launch Africa Ventures, Ventures Platform Fund and MAGIC Fund

A

Archetype raised $3.1M on February 28, 2023

Investors: Soma Capital, MaC Venture Capital, NOMO Ventures, Hustle Fund and MAGIC Fund

P

Proglix raised $1.4M on February 23, 2023

Investors: Number Capital, Arkana Ventures, Arise, 500 Startups and MAGIC Fund

P

Peris.ai - Cybersecurity raised undisclosed on February 1, 2023

Investors: East Ventures and MAGIC Fund

FAQ