$1.7M sweet spot round size
Most of their 152 investments are in rounds between $400K and $3.4M
2017
Frigade (YC W23) raised $3M on July 21, 2023
Investors: Y Combinator, La Famiglia VC, Craft Ventures, defy.vc and MAGIC Fund
Triumph raised $10M on May 10, 2023
Investors: HNVR, Strike Capital, Valhalla Ventures, NOMO Ventures, Steel Perlot, Heroic Ventures and MAGIC Fund
Balad raised undisclosed on May 8, 2023
Investors: Launch Africa Ventures, acasia, Full Circle Africa and MAGIC Fund
Estafsar raised $400K on May 1, 2023
Investors: MAGIC Fund
Rebel Tech raised $1.6M on April 21, 2023
Investors: Founders Factory, Planet Fund, G-Force, Satgana and MAGIC Fund
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
Credable Group raised $2.5M on March 20, 2023
Investors: acasia, Asia Africa Investment & Consulting, Launch Africa Ventures, Ventures Platform Fund and MAGIC Fund
Archetype raised $3.1M on February 28, 2023
Investors: Soma Capital, MaC Venture Capital, NOMO Ventures, Hustle Fund and MAGIC Fund
Proglix raised $1.4M on February 23, 2023
Investors: Number Capital, Arkana Ventures, Arise, 500 Startups and MAGIC Fund
Peris.ai - Cybersecurity raised undisclosed on February 1, 2023
Investors: East Ventures and MAGIC Fund