Fundraising Fox

MAGIC Fund

Venture capital

Los Angeles · Pre-Seed–Seed · 12 people tracked

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Investment thesis

Pre-seed/seed firm operating as a decentralized fund-of-micro-funds run by 10–12+ repeat founder-GPs across regions, emphasizing small check sizes and empowering founder-GPs.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
Check
$50K – $5M
HQ
Los Angeles, California, US
Leads rounds
Follows
Founded
2021
Tracked investments
110

Team · 12 people

from public directories

Founder mafia

5 people who came through MAGIC Fund went on to found or lead other companies.

What they invest in

from 63 of 110 portfolio companies

SaaS ×22Enterprise Software ×20Fintech ×19AI & Machine Learning ×17Healthtech ×8Developer Tools ×7Consumer ×6Data & Infrastructure ×6

HQs:United States×31Nigeria×8Colombia×2India×2Brazil×1Canada×1

Investments · 110 tracked

founders shown can be your intro path

By year:2025 · 12024 · 32023 · 12022 · 12021 · 22020 · 12018 · 12017 · 111 dated

Bamboo GlobalJan 2022SEC filingmedium confidence

San Francisco, US

Richmond Imoh Bassey(Executive Officer, Director)Osayanmo Omorogbe(Director)

Board seatAdegoke Olubusi· per SEC Form D · $19.8M raise · filed Mar 2022

10x faster deep learning processor
Achoacho.io

Acho provides a platform that helps companies build data-driven applications and workflows without in-house developers.

Data & InfrastructureDeveloper ToolsSaaS

Co-investorsVentureSouq

Affordable insurance plans for Indians
Africa's largest offline distribution network
AI Insuranceaiinsurance.io

AI Insurance provides software for policy, insured, and claims management in the specialty insurance sector.

AI & Machine LearningEnterprise SoftwareFintechInsurTechSaaSNew York City, US

Cameron MacArthur(Founder)in

Co-investorsAUTHENTIC VENTURESHaymaker VenturesY CombinatorTCV

AI-powered apparel images for eCommerce
Akido Labsakidolabs.cominMar 2025

Akido Labs develops an AI operating system designed for healthcare that leverages machine learning to enable personalized medical diagnostics and care coordination at scale.

AI & Machine LearningDigital HealthHealthtechInsurTechLos Angeles, US

Jared Goodner(Founder)Prashant Samant(Founder)

BoardAndrew Adams(Director)inJohn Greco(Director)Prasad Jeereddi(Director)Rohit Gupta(Director)

Co-investorsDCVC (Data Collective)Early Light VenturesGreat Oaks Venture CapitalHealthy VenturesNecessary VenturesOak HC/FT+2 more

Allure Systemsalluresystems.cominAcquired

Allure Systems develops generative AI technology that produces product images for fashion retailers, allowing brands to generate variations of apparel photos on different models and sizes without requiring physical photoshoots.

AI & Machine LearningE-commerceEnterprise SoftwareNew York City, US

Jeremy CHAMOUX(Founder)inGabrielle CHOU(Founder)in

Co-investorsOyster VenturesY CombinatorLocus Ventures

Apero Healthaperohealth.comin𝕏

Apero is a healthcare software platform that provides scheduling, visit notes, revenue cycle management, patient billing, prescriptions, and financial reporting for medical practices.

HealthtechSaaSSan Francisco, US

Jacinda Shelly(Founder)inNick Shelly(Founder)in

Co-investorsOxonian VenturesUpHonest CapitalVentureSouqY Combinator

Application development platform for Kubernetes
Askdataaskdata.comin𝕏acquired by SAP

Askdata provides a natural language interface that allows users to query their connected data sources by asking questions in everyday language and receiving analytical insights.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Francisco, US

Giuseppe Ancona(Founder)inSimone Di Somma(Founder)in

Co-investorsPi CampusY Combinator

Automated passive investment platform
Automomous delivery robots of tomorrow
Bambooinvestbamboo.comin𝕏

Bamboo is an investment platform that enables users in Africa to invest in U.S. stocks, ETFs, real estate investment trusts, and other asset classes with minimum investments starting at $10.

FintechLagos, NG

Richmond Bassey(Founder)inYanmo Omorogbe(Founder)in

Co-investors2080 VenturesAjim CapitalExpansion Venture CapitalGreycroftHoaQIngressive Capital+7 more

Banklybankly.ngin𝕏

Bankly is a digital banking provider serving individuals, entrepreneurs, and enterprises in Nigeria with banking and financial solutions.

Fintech

Fredrick Adams(Founder)in

Co-investorsRising Tide Africa (RTA)

Banknovobanknovo.comin𝕏

Banknovo offers merchant cash advances to small business owners for short-term working capital needs such as equipment, supplies, and operational expenses.

Fintech

Co-investorsCrosslink CapitalBlumberg CapitalGradient VenturesRainfall VenturesRed Sea VenturesRRE Ventures+1 more

Best home loans for Africans
Bimaplanbimaplan.coin𝕏

Bimaplan offers life and health insurance products tailored for low-income households in India, delivered through a mobile-first platform.

FintechInsurTechBengaluru, IN

Vikul Goyal(Founder)in

Co-investorsAmino CapitalEmphasis VenturesY Combinator2am VCAcequia Capital (AceCap)FinSight Ventures+3 more

Blueberry Pediatricsblueberrypediatrics.comin𝕏

Blueberry Pediatrics provides 24/7 telemedicine consultations with board-certified pediatricians for families, supplemented by an at-home diagnostic kit to expand diagnosis capabilities and reduce urgent care visits.

Digital HealthHealthtechSan Francisco, US

Harrison Gordon(Founder/CEO)in

Co-investorsColle Capital PartnersMS&AD VenturesSGH CapitalStreamlined VenturesVibe CapitalY Combinator+1 more

Boltbolt.com

Bolt Financial is a San Francisco fintech providing merchants with one-click online checkout software.

Co-investorsActivant CapitalBallistic VenturesBollinger Investment GroupDigital HorizonDigital Horizon VCDreamers VC+16 more

Bongalowbongalow.com
Bumpagetbumpa.comin𝕏

Bumpa provides a mobile app for small business owners and merchants in Africa to manage ecommerce operations, including confirming orders, issuing receipts, and generating financial reports.

E-commerceRetail TechSaaS

TeeJay Adetunji Opayele(Founder)inKelvin Umechukwu(Founder)in

Co-investorsMicrotractionBase10 PartnersDFS LabSHL Capital

Buy wholesale from unique brands
Cafe Xcafexapp.com𝕏

CafeX operates fully autonomous robotic café systems that serve beverages and prepared items to consumers.

ConsumerRobotics

Co-investorsBase Venture Management, Inc.Brighter Capital

Cantoscantos.vc

Cantos is a venture capital firm that provides pre-seed and seed capital plus ongoing counsel to founders building technology in areas such as abundance, resilience, and U.S. competitiveness.

Deep TechSan Francisco, US

Ian Rountree(General Partner)

Co-investorsAtacama VenturesBleu CapitalLevel VenturesNexus BayVeronorte

Chronus Healthchronushealth.com

HealthtechMountain View, US

Ashish Jagtiani(Executive Officer, Director)Anand Parikh(Executive Officer, Director)

Common app for college financing
Credablecredable.ioin𝕏

Credable (now _able) provides a platform for credit and savings products in emerging markets, serving telcos, banks, fintechs, and other digital platforms.

Fintech

Co-investorsAcasia VenturesAdaverseVentures Platform

CrowdForcecrowdforce.ioin𝕏Acquired

CrowdForce operates a mobile app enabling small merchants across Africa to function as banking service points without establishing formal branch infrastructure.

FintechGovTechAbuja, NG

Oluwatomi Ayorinde(Founder)inDamilola Ayorinde(Founder)in

Co-investors500 GlobalHAVAICVentures PlatformY Combinator

Custom made-to-order home furnishings
Data science as a service
Draftbitdraftbit.comin𝕏

Draftbit is a low-code platform that enables users to build web and mobile applications for iOS and Android using visual editing, AI agents, and integrated development tools.

Developer ToolsEnterprise SoftwareChicago, US

Brian Luerssen(Founder/CEO)in

Co-investorsCorazon CapitalFloodgateNew Stack VenturesNewlin VenturesY Combinator

Dryveboxdryvebox.comin𝕏

Dryvebox operates a patented mobile golf simulator housed in a climate-controlled trailer powered by TrackMan, offering access to 400+ courses along with clubs, balls, a party deck, music, and televisions.

ConsumerHardwareSports TechSan Francisco, US

Adeel Yang(Founder)Mike L(Founder)

Co-investorsTime Zero Capital

Evolve Creditevolvecredit.coin𝕏

EvolveCredit publishes content focused on lending strategies, loan recovery, and loan collection for lenders.

Fintech

Daniel Osineye(Founder)in

Co-investorsIngressive CapitalMicrotractionFuture AfricaSamurai Incubate

Fieldproxyfieldproxy.comin𝕏

Fieldproxy provides a no-code platform that lets organizations create mobile applications to coordinate and oversee field workforces at any scale.

Enterprise SoftwareFuture of WorkSaaSChennai, IN

Swaroop Vijayakumar(Founder)inBalakrishna Balasubramanian(Founder)in

Co-investors2am VCMars Shot VenturesY Combinator

Figma for motion design
Financial services for Nigeria's underserved
Findbetterdaysfindbetterdays.com
Fintualfintual.comin𝕏

Fintual is a regulated investment platform in Mexico that offers robo-advisor portfolio management, direct stock and ETF investing, and retirement savings accounts (PPR) for individual investors.

FintechSantiago, CL

Pedro Pineda(Founder/CEO)inAgustín Feuerhake(Founder)inOmar Larré(Founder)inAndres Marinkovic(Founder/CTO)in

Co-investorsKaszek VenturesSequoia CapitalY CombinatorHi Ventures

Floatfloat.africa

789BET is an online gambling website operated by Cyber Labs BV under a Curaçao license, offering casino games (slots, live dealer, fish-shooting, lottery) and sports betting through a single account.

Gaming

Jesse Ghansah(Founder)in

Co-investorsFlucas VenturesKube VC

Frigadefrigade.comin𝕏

Frigade provides an SDK and AI-powered platform for building product onboarding flows including checklists, tours, and announcements that adapt to product changes.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Eric Brownrout(Founder)inChristian Mathiesen(Founder)in

BoardGuillermo RauchArash Ferdowsi

Co-investorsY CombinatorCraft VenturesGeneral CatalystDefy PartnersHawk Hill VenturesLa Famiglia

Frubana Incfrubana.cominDefunct

Frubana supplies food and ingredients to restaurants across Latin America through an online marketplace.

Enterprise SoftwareFintechLogistics & Supply ChainSão Paulo, BR

Fabian Gomez Gutierrez(Founder)in

BoardCarlo Dapuzzo(Director)inDaniel Bilbao(Director)Simon Borrero(Director)

Co-investorsAbstract VenturesOpera VenturesSoftbank Latin America FundY CombinatorMONASHEES

GRINgrin.coin𝕏

GRIN is a creator marketing platform for brands, offering tools to discover influencers, manage relationships, handle payments and shipping, run affiliate programs, and track campaign performance.

AI & Machine LearningMarketing TechSaaS

Brandon Brown(Founder)Ryan Brown(Founder)Ryan Debenham(CEO)in

Co-investorsBase Venture Management, Inc.Bullpen CapitalEscalate Capital PartnersEudemian VenturesForefront VentureGood Friends+5 more

GuruHotelguruhotel.comin𝕏

GuruHotel is an AI-powered website builder and direct booking platform for hotels that automates reservation management and integrates real-time inventory.

AI & Machine LearningFintechSaaSTravel & HospitalityMexico City, MX

Jorge Flores Acevedo(Founder)inJosue Gio 🔥(Founder)inStiven Martinez(Founder)inJorge FloresJosue Gioin

Co-investors500 GlobalY Combinator

Healthcare billing and claims analytics
Hideoutfindhideout.comDefunct

Hideout operates a delivery meal service designed to provide a dining experience comparable to restaurant or home-cooked meals.

ConsumerFoodTechLos Angeles, US

Brian Leung(Founder)inDanielle Sobel(Founder)in

Co-investorsY Combinator

Homebasehomebase.com.vn

Homebase is a Southeast Asian proptech company that helps individuals achieve home ownership, including through installment-based homebuying processes.

FintechMarketplacesPropTech

JunYuan Tan (JY)(Founder)in

Co-investorsY CombinatorEmles Venture PartnersFlucas VenturesITERATIVEKube VCVU Venture Partners+3 more

Homesteadhomestead.is
Indicinaindicina.coin𝕏Sep 2021

Indicina provides financial analytics and credit infrastructure for credit providers in Africa, including a white-label loan origination platform, a credit decisioning engine accessible via dashboard or API, and a consumer repayment/shopping tool.

Data & InfrastructureFintechSaaSNorth Houston, US

Yvonne Johnson(Founder)inOlayemi Ajao(Director)Yvonne Oyetakin(Executive Officer, Director)

Co-investorsTarget GlobalUnicorn Growth VenturesFuture Africa

Intelligent patient instructions for hospitals
Jitterjitter.videoin𝕏

Jitter is an AI-powered animation software that converts static designs into animated videos and assets.

AI & Machine LearningCreator EconomyDeveloper ToolsEnterprise SoftwareSaaSParis, FR

Etienne Albert(Founder)inSébastien Robaszkiewicz(Founder)in

Co-investorsNorte VenturesY Combinator

Kiwi Campuskiwibot.comin𝕏Oct 2021

Kiwibot develops autonomous delivery robots that operate across multiple countries and continents.

HardwareLogistics & Supply ChainRoboticsMiami, US

Sergio Pachon(Executive Officer, Director)Andres Felipe Chavez(Executive Officer, Director)Andres Felipe Chavez Cortes(Executive Officer, Director)Eduardo Iniguez(Executive Officer)Judah Longgrear(Executive Officer, Director)

BoardJoseph Huang(Director)

Co-investorsClub Italia Investimenti 2Innosphere VenturesKarma VenturesPi CampusTYLT VenturesThird Sphere

Klashaklasha.comin𝕏Oct 2024 · $2M

Klasha is a cross-border payments platform that enables businesses to collect, send, and hold funds between Africa and Asia, supporting over 120 currencies.

FintechRetail TechLagos, NG

Jess Anuna

Co-investors2.12 AngelsCapria VenturesExpert DOJOTechstarsAlumni VenturesBreega+2 more

Laserfocuslaserfocus.ioinDefunct

Laserfocus automatically identifies and prioritizes high-value prospects and deals for sales teams to increase productivity and help them meet revenue targets.

Enterprise SoftwareSaaSSales TechBerlin, DE

Daniel Dinh(Founder)inMarc Höffl(Founder)in

Co-investorsY Combinator

Lawyawlawyaw.comin𝕏acquired by Clio

Lawyaw developed legal document automation software that let law firms auto-fill court forms and generate documents from templates.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSSan Francisco, US

Tucker Cottingham(Founder/CEO)inJack Newton(Co-founder)Rian Gauvreau(Co-founder)

Co-investorsBow CapitalY Combinator

LeadIQleadiq.comin𝕏

LeadIQ offers a company search tool that provides B2B company profiles with data such as revenue, employee count, funding, and contact information to help sales teams find decision makers and build pipeline.

Data & InfrastructureSaaSSales TechSan Francisco, US

Mei Siauw(Founder)in

Co-investorsAllied Venture PartnersCathay InnovationDraper AssociatesFresco CapitalPoplar VenturesUnanimous Capital+2 more

Legacygivelegacy.comin𝕏

Legacy is a men's fertility and reproductive health company that provides sperm testing, analysis, and banking services.

Digital HealthHealthtechWellness & FitnessNew York City, US

Khaled Kteily(Founder)inSarah Steinle(Founder)in

Co-investorsAMK Investment OfficeOyster VenturesSamsung NextThe MBA FundTq Ventures LlcTRAC (Third Round Analytics Capital)+7 more

Legal document automation software

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 5

IPOs and acquisitions across the tracked portfolio

Askdataacq. by SAPLawyawacq. by ClioMedumoacq. by PhilipsPromoted.aiacq. by DropboxWorkCloutacq. by Luxury Presence

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has MAGIC Fund made?
MAGIC Fund has 33 tracked investments.
What stage does MAGIC Fund invest at?
MAGIC Fund invests at the Pre-Seed, Seed stages.
What is MAGIC Fund's typical check size?
MAGIC Fund typically writes checks of $50K – $5M.
What sectors does MAGIC Fund focus on?
MAGIC Fund focuses on Sector Agnostic.
Where is MAGIC Fund located?
MAGIC Fund is headquartered in Los Angeles, US.
Does MAGIC Fund lead rounds?
MAGIC Fund typically participates in rounds rather than leading them.

Images

MAGIC Fund photo

Co-investors · 8

Techstars

Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.

Both backed · 3
$220K
Flybridge Capital Partners

Flybridge Capital Partners is an early-stage venture capital firm that invests in entrepreneurs building companies with global reach. The firm focuses on supporting innovative ventures from their initial funding stages.

$250K – $10M
Unusual Ventures

Unusual Ventures is a venture capital firm that backs enterprise and infrastructure founders from initial insight through market leadership, providing a proprietary playbook for finding product-market fit.

$1M – $15M
Dnx Ventures

DNX Ventures is an early-stage venture capital firm that invests in B2B startups across various industries.

$1M – $5M
LCX

LCX Exchange USA is a cryptocurrency exchange platform being developed for US customers, emphasizing transparent pricing, secure asset custody, and compliance-first operations.

Motivate Venture Capital

Motivate Venture Capital (MVC) is an early-stage venture firm that invests in pre-seed and seed companies, co-creates new ventures with founders, and backs emerging VC funds.

$250K – $3M
Deciens

Deciens is a venture capital firm backing early-stage founders building the next generation of financial services and driving the digital transformation of established institutions.

$500K – $5M
Reciprocal Ventures

Reciprocal Ventures is an early-stage venture firm that has partnered with crypto and blockchain founders from inception since 2017.

$250K – $3M

Firms observed investing alongside MAGIC Fund, from public investor directories. Shared companies are the overlap with MAGIC Fund's recorded portfolio.

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