Common Magic is a solo GP venture capital fund founded by Sarah Drinkwater, investing in pre-seed and seed-stage startups across Europe and the US where the ecosystem or community around the product acts as the moat. The fund is sector-agnostic but focuses on companies building products with community at their core.
Their most common stage is seed (45% of deals). Average disclosed round size is $5.5M (across 5 rounds with reported amounts).
Portfolio
8
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
SD
Sarah Drinkwater
Solo GP
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Bounti | Seed | — | Jan 2026 |
 Goodfit | Series A | $13M | Sep 2025 |
 Ethos | Seed | $6M | Feb 2025 |
| Goodfit | Series A | — | Jan 2025 |
 Dottx | Seed | — | Jan 2024 |
| Dottx | Pre-Seed | — | Jan 2023 |
 AUAR | Unknown | — | — |
 Modern Relay | Seed | $3M | — |
| Modern Relay | Pre-Seed | $3M | — |
 Those Beyond | Seed | — | — |
 Embedd | Pre-Seed | $2.7M | — |
Top Co-Investors
Seedcamp4 shared
Robin Capital3 shared
Inovia Capital2 shared
Notion Capital2 shared
Amino Collective2 shared
Emerge2 shared
Point Nine Capital2 shared
Hugging Face2 shared
Kima Ventures2 shared
8VC1 shared
Interface Capital1 shared
General Catalyst1 shared
Capital One Ventures1 shared
Google DeepMind1 shared
Conviction Partners1 shared
Capri Ventures1 shared
Better Tomorrow Ventures1 shared
Cadenza1 shared
Felicity Global Capital1 shared
Planet A1 shared
Last updated: 27 September 2026