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MAGIC Fund

North America, California, United States, Los Angeles

Description

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

Investor Profile

MAGIC Fund has made 173 investments, with 4 in the past 12 months and 2% as lead.

Stage Focus

  • Seed (62%)
  • Pre Seed (31%)
  • Series A (3%)
  • Series B (2%)
  • Undisclosed (1%)
  • Initial Coin Offering (1%)
  • Series Unknown (1%)

Country Focus

  • United States (54%)
  • Nigeria (11%)
  • India (7%)
  • Canada (3%)
  • Colombia (3%)
  • Indonesia (3%)
  • Egypt (2%)
  • Singapore (2%)
  • United Kingdom (2%)
  • Israel (2%)

Industry Focus

  • Fintech
  • Financial Services
  • Software
  • Health Care
  • E-commerce
  • Information Technology
  • Payments
  • Finance
  • Artificial Intelligence (Ai)
  • Saas
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does MAGIC Fund frequently co-invest with?

Soma Capital
North America, California, United States, San Francisco
Co-Investments: 8
Hustle Fund
North America, California, United States, San Carlos
Co-Investments: 7
Liquid 2 Ventures
North America, California, United States, San Francisco
Co-Investments: 6
2am VC
Asia, Maharashtra, India, Mumbai
Co-Investments: 10
Ventures Platform
North America, Prince Edward Island, Canada, Victoria
Co-Investments: 7
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 35
Microtraction
Africa, Lagos, Nigeria, Lagos
Co-Investments: 6
LoftyInc Capital
Africa, Lagos, Nigeria, Ikeja
Co-Investments: 6
Future Africa
North America, California, United States, San Francisco
Co-Investments: 6
Goodwater Capital
North America, California, United States, Burlingame
Co-Investments: 10

Which angels does MAGIC Fund often collaborate with?

Dimeji Sofowora
Africa, Nigeria
Shared Deals: 3
Asad Daud
Asia, Maharashtra, India, Mumbai
Shared Deals: 3
Olugbenga Agboola
Africa, Nigeria
Shared Deals: 5
AO
North America, California, United States, San Francisco
Shared Deals: 4
Edmond Olotu
Africa, Nigeria
Shared Deals: 3
Abdul Hassan
Africa, Lagos, Nigeria, Lagos
Shared Deals: 3
CO
Africa, Nigeria
Shared Deals: 3
EE
North America, South Carolina, United States, Columbia
Shared Deals: 3
IA
North America, California, United States, San Francisco
Shared Deals: 3
Prosper Otemuyiwa
Africa, Nigeria
Shared Deals: 3

What are some of recent deals done by MAGIC Fund?

Juicyway

Wilmington, Delaware, United States

Juice is a developer of a payment network platform for cross-border business payments for businesses and individuals.

Financial ServicesFinTechPaymentsSoftware
Pre SeedDec 16, 2024
Amount Raised: $3,000,000
Klasha

San Francisco, California, United States

Global trade, local payments.

Information TechnologyPayments
SeedOct 16, 2024
Amount Raised: $2,000,000
Renda

Ikeja, Lagos, Nigeria

Renda is to streamline and make the order fulfilment and retail distribution process easier for e-commerce enterprises.

LogisticsSupply Chain ManagementTransportation
Pre SeedMay 2, 2024
Amount Raised: $1,300,000
LunaJoy

Tampa, Florida, United States

LunaJoy helps women access mental care through virtual therapy, counseling, and medication management services.

Health CareMedicalTherapeutics
SeedApr 16, 2024
Amount Raised: $4,200,000
Eleos

London, England, United Kingdom

Life and income protection insurance with brands we trust.

InsuranceLife Insurance
Pre SeedNov 2, 2023
Amount Raised: $749,890
Playbite

St Louis, Missouri, United States

Playbite is a social gaming platform where users can socialize, play, earn, and compete.

GamingOnline Games
SeedOct 30, 2023
Amount Raised: $1,000,000
Partum Health

Chicago, Illinois, United States

Partum Health is a tech-enabled health and wellness provider providing expert care to women ad families.

Health CareHome Health CareMedical
SeedSep 23, 2023
Amount Raised: $3,100,000
Nestcoin

Tórtola, Castilla-La Mancha, Spain

Nestcoin is a web3 application company that builds, operates, and invests in crypto-native products.

CryptocurrencyInformation TechnologyWeb3
SeedSep 7, 2023
Amount Raised: $1,900,000
Acho

San Francisco, California, United States

Acho is an AI-powered App Development platform, which help teams turn business data into mission-critical applications.

AnalyticsAppsArtificial Intelligence (AI)Big DataBusiness IntelligenceCloud Data ServicesData IntegrationDatabaseEnterprise ApplicationsWeb Development
SeedAug 15, 2023
MIDAS Technologies

Mexico City, Distrito Federal, Mexico

Digital payment solutions for cash users in LATAM

Information TechnologyRetail Technology
SeedAug 1, 2023
Amount Raised: $1,700,000