- Recent Funding
- Investors
- MAGIC Fund
MAGIC Fund portfolio
MAGIC Fund has 9 portfolio companies on record at Recent Funding.
About this page
It is a venture capital firm based in Los Angeles, US, founded in 2021. Its most recent investment on record is Kuunda's $2M Seed round in June 2022, alongside Future Africa, Seedstars, FINCA Ventures and 6 others. By category, its portfolio leans toward Consumer and social (3) and Lending and credit (2). It has co-invested with Seedstars, FINCA Ventures and Kepple Africa Ventures.
About MAGIC Fund
Funds raised
| Fund | Fund # | Size | Announced |
|---|---|---|---|
Bay Area, Miami | II | $30M | techcrunch.com |
What MAGIC Fund invests in
- Consumer and social · 3 · 33%
- Lending and credit · 2 · 22%
- Fintech · 2 · 22%
- Logistics and mobility · 2 · 22%
- Crypto x AI · 1 · 11%
- Health and bio · 1 · 11%
- Commerce and retail · 1 · 11%
- Manufacturing and industrial · 1 · 11%
MAGIC Fund recent investments
| Company | Round | Date | Alongside |
|---|---|---|---|
| Seed · $2M | Future Africa, Seedstars, FINCA Ventures +6 | ||
| Pre-seed · $3.5M | Surface Ventures (lead), N49P (lead), Impulsum Ventures +3 | ||
| Seed · $3.5M | Headwater Ventures, Labor Capital, Sigma Capital +2 | ||
| Seed · $3.2M | Hustle Fund, Eyitayo Oviosu, Soma Capital +6 |
How MAGIC Fund invests
MAGIC Fund portfolio companies
KKuunda$2MSeed · Jun 2022
UUplinq$3.5MPre-seed · Apr 2022
KKoda Health$3.5MSeed · Feb 2022
VVendease$3.2MSeed · Oct 2021
RRendabacker
JJitterbacker
AAI Insurancebacker
PPlaybitebacker
OOxygenbacker
| Company | Round with MAGIC Fund | Total raised | Latest raise |
|---|---|---|---|
Lending and credit |
Seed · $2M | $9.5M | Oct 16, 2025 Series A |
Crypto x AI |
Pre-seed · $3.5M | $9.1M | May 30, 2025 Series A |
Health and bio |
Seed · $3.5M | $10.5M | Oct 2, 2025 Series A |
Commerce and retail |
Seed · $3.2M | $3.2M | Mar 18, 2025 Series A |
Logistics and mobility |
backer | $1.9M | May 4, 2024 Pre-seed |
Consumer and social |
backer | undisclosed | — |
Fintech |
backer | undisclosed | — |
Gaming |
backer | $1M | Oct 30, 2023 round |
Lending and credit |
backer | undisclosed | — |
Most frequent co-investors
SSeedstars1 shared round · last Jun 13, 2022
FFINCA Ventures1 shared round · last Jun 13, 2022KKepple Africa Ventures1 shared round · last Jun 13, 2022
RRaliCap1 shared round · last Jun 13, 2022
KKairos Angels1 shared round · last Jun 13, 2022
FFuture Africa1 shared round · last Jun 13, 2022
MMercy Corps Ventures1 shared round · last Jun 13, 2022
GGreenHouse Capital1 shared round · last Jun 13, 2022DDotExe Ventures1 shared round · last Jun 13, 2022
DDVC1 shared round · last Apr 6, 2022
SSurface Ventures1 shared round · last Apr 6, 2022
NN49P1 shared round · last Apr 6, 2022
Similar investors
EEthereal Ventures9 companies · 5 deals in 12 mo
SSmash Capital9 companies · 5 deals in 12 mo
QQuadrille Capital9 companies · 3 deals in 12 mo
VVertex Ventures Israel9 companies · 3 deals in 12 mo
66 Degrees Capital7 companies · 6 deals in 12 mo
MMYSC7 companies · 3 deals in 12 mo
Investors whose portfolios on Recent Funding center on the same category (Consumer and social).
How this is counted
Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.
Venture funds MAGIC Fund raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.
Share is of the 4 rounds on Recent Funding that name MAGIC Fund. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.
Portfolio companies are the companies on Recent Funding with a round that lists MAGIC Fund, which is a subset of its real portfolio. API: /api/v1/investors/magic-fund (get a free API key). More: the most active VC firms and new venture capital funds.