About Magic Fund
Magic Fund is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Dec 2024, Magic Fund is an active investor, having invested in 109 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it led the $1M Series A round of Mosie Baby along with 37 Angels. This round also saw participation from The Council.
Overall, Magic Fund portfolio has seen 1 unicorn and 8 acquisitions including key companies like Retool, Payday and Surf. A lot of funds co-invest with Magic Fund, with names like Soma Capital sharing a substantial percentage of its portfolio.
Magic Fund has team of 28 people including 12 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Magic Fund's Year-on-Year Investment Trends
Magic Fund has invested in 109 companies over the last 6 years, with an average of 10 new investments annually in the last 5 years. In 2024, it made 4 investments. Its most recent first time investment was in Juicyway and most recent follow-on round was in .
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 3 | 1 | 4 |
2023 | 14 | 1 | 15 |
2022 | 18 | 2 | 20 |
2021 | 15 | 0 | 15 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
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Magic Fund's Investment Trends by Stage
Magic Fund has made 48 investments in Seed stage, 2 investments in Series A stage and 2 investments in Series B stage.Magic Fund's Investment Trends by Sector
Magic Fund has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, High Tech and Retail. Notably, it has invested in 92 Tech companies, 72 Enterprise (B2B) companies, 55 Software companies and at least 39 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 24 |
FinTech | 19 |
Consumer | 12 |
High Tech | 10 |
Retail | 8 |
Others | 49 |
Magic Fund's Investment Trends by Geography
Magic Fund has made most investments in United States (60), followed by Nigeria where it has made 14 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 19 |
India | 9 |
Nigeria | 8 |
Canada | 3 |
Indonesia | 3 |
Others | 11 |
Magic Fund's recent investments
Here are the most recent investments by Magic Fund:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 16, 2024 | Nigeria | Seed | $3M | P1 Ventures [+5] | |
Oct 15, 2024 | United Arab Emirates | Seed | $2M | Expert DOJO [+5] | |
May 04, 2024 | Nigeria | Seed | $1.3M | Ingressive Capital [+5] | |
Apr 16, 2024 | United States | Series A | $4.2M | [+4] | |
Oct 31, 2023 | United Kingdom | Seed | $750K |
Get the detailed list of all investments by Magic Fund. Download now!Unicorns in Magic Fund's Portfolio
Here is a list of unicorns in Magic Fund's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Low code internal tools development platform | 2017 | San Francisco | Series C | ldcxevh |
Team profile of Magic Fund
Magic Fund has a team of 28 membersÌý¾±²Ô³¦±ô³Ü»å¾±²Ô²µ 12 Partners, 1 Venture Partner and 6 PrincipalsÌýlocated in United States, United Kingdom and . Magic Fund's team does not sit on the board of any company as of now.Here is a list of top team members in Magic Fund:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | Los Angeles | - | - | |
Partner | Washington, DC | - | ||
Partner | Los Angeles | - | - | |
Partner | Nigeria | - | ||
Partner | United Kingdom | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | United States | - |
Get the full list of Magic Fund's team & partners for free. Download now!Co-investors of Magic Fund
Over the past 6 years, 557 investors have co-invested in Magic Fund's portfolio companies.
- Invested before Magic Fund:Ìý, 100X.VC and 91 others have invested in rounds before Magic Fund. There are 12 companies where Y Combinator has invested before Magic Fund and 4 companies where 100X.VC has invested before Magic Fund.
- Top Co-investors of Magic Fund:Ìý292 investors entered a company along with Magic Fund. These include investors like Soma Capital (6 companies).
- Invested after Magic Fund:ÌýA total of 172 investors have invested in Magic Fund's portfolio after their investments. Top Investors include Techstars (2 companies), (2 companies) and Aman Gupta (2 companies).
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Recent News related to Magic Fund
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Innovation-village•Dec 16, 2024•Juicyway, P1 Ventures, Ventures Platform, Future Africa and 2 others
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Bitcoinke•Nov 13, 2024•Klasha, Expert DOJO, Alumni Ventures, Practical Venture Capital and 3 others
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Financial IT•May 07, 2024•Eleos Health, Fuel Ventures, Indico Capital Partners, Eleos Life and 3 others
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TechMoran•May 03, 2024•Renda, 54 Collective, Golden Palm Investments, Reflect Ventures and 7 others
