Fund profile
MAGIC Fund
Los Angeles, United States
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About
Magic Fund is a venture capital firm based in Los Angeles, California, founded in 2017 by a group of successful entrepreneurs including Kwamena A., Matt Greenleaf, Adegoke Olubusi, and Temi Awogboro. The firm focuses on pre-seed and seed-stage investments, supporting innovative startups across various sectors such as healthcare, logistics, insurtech, and gaming. Notable investments from Magic Fund include Retool, a low-code platform for internal tools development which has achieved unicorn status. Other significant investments are Renda, a logistics startup based in Nigeria, and LunaJoy, a U.S.-based healthcare company. Magic Fund operates with a philosophy of "founders backing founders," leveraging their network and experience to provide both financial and strategic support to early-stage companies. The firm has made over 153 investments and has seen several successful exits, including companies like WorkClout and Askdata.
Details
Highlights
$158.8k
Historical average check
$10.2M
Historical max check
May 2024
Last investment date
171
Investments
Transportation & Mobility
Healthtech & Wellness
Software & Apps
Gaming
Data & Analytics
Fintech & Financial services
Other
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