MAGIC Fund is a global, early-stage venture capital fund built by founders for founders, investing at the pre-seed and seed stages. It has invested in 250+ startups across 22 countries.
They made 1 investment in the last 12 months. Their most common stage is seed (52% of deals). Average disclosed round size is $2.8M (across 39 rounds with reported amounts).
Portfolio
36
Fund Size
$30M
Top Stage
Seed
Last 12 Mo
1
Team
AO
Adegoke Olubusi
Managing Partner
AC
Alison Cheung
General Partner
JC
Jacob Cohen
Partner
DO
Daniel Odediran
Senior Venture Analyst
KA
Kwamena A.
Investor
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
40 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Escargot | Seed | $2.8M | Mar 2026 |
 Klasha | Unknown | $2M | Jan 2026 |
 LunaJoy | Unknown | $2.4M | Apr 2024 |
 Renda | Pre-Seed | $1.9M | Jan 2024 |
 Frigade | Seed | $3M | Jul 2023 |
 Credable | Seed | $2.5M | Mar 2023 |
 Replo | Seed | $4.2M | Feb 2023 |
 Veend | Pre-Seed | $390K | Jan 2023 |
 Gwala | Seed | $577K | Jan 2023 |
 Bumpa | Seed | $4M | Oct 2022 |
| Klasha | Seed | $2.1M | Jun 2022 |
| NNue Life Health | Seed | $3.3M | Apr 2022 |
 Blocknom | Pre-Seed | $500K | Mar 2022 |
 CryptoLeague | Pre-Seed | $2.2M | Mar 2022 |
 ApertureData | Seed | $3M | Feb 2022 |
 Klump | Pre-Seed | $780K | Jan 2022 |
| NNue Life Health | Series A | $23M | Jan 2022 |
| GGoldsetu | Seed | $1.2M | Jan 2022 |
 Bypa-ss | Pre-Seed | $1M | Nov 2021 |
 GuruHotel | Seed | $2.5M | Jan 2021 |
| PPayday Africa | Pre-Seed | $3M | Jan 2021 |
| SStrips Finance | Seed | $8.5M | Jan 2021 |
 Vendease | Unknown | $3.2M | Jan 2021 |
 Kuunda | Seed | $2.3M | Jan 2021 |
 Eleos | Pre-Seed | $750K | — |
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Top Co-Investors
Y Combinator8 shared
Plug and Play Tech Center5 shared
Voltron Capital5 shared
Microtraction5 shared
Alumni Ventures4 shared
Techstars4 shared
Future Africa4 shared
Resilience174 shared
Launch Africa Ventures3 shared
Ingressive Capital3 shared
Goodwater Capital3 shared
Seedcamp3 shared
Expert DOJO3 shared
Breega3 shared
Myelin VC3 shared
India Quotient3 shared
Uncovered Fund2 shared
La Famiglia2 shared
Centauri Fund2 shared
Rebel Fund2 shared
Last updated: 7 October 2026