Discover Products, Get Discovered.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Since 2020, Magic Fund has backed 9 African startups across 10 disclosed funding rounds totaling $15.4M, most heavily in Nigeria and Fintech.
Magic Fund is an early-stage venture capital fund that invests in pre-seed and seed startups. It has participated in 7 funding rounds, deploying a total of $12.3M from July 2020 to December 2024. The fund focuses primarily on seed-stage investments (6 rounds), with one venture round. Its investments target fintech (4 companies), alongside e-commerce & retail, health tech, and productivity & workspace sectors. Geographically, it prioritizes Nigeria (5 investments), followed by Tanzania and Ghana. Notable portfolio companies include Juicyway and Klasha in Nigeria's fintech space, Getbumpa for e-commerce, and Kuunda in Tanzania.
Data updated · Mar 27, 2026
Sign in to see all 9 portfolio products
Free account — full portfolios, timelines, and the weekly funding digest
Sign in to see all 10 rounds
Free account — full portfolios, timelines, and the weekly funding digest
Magic Fund has backed 9 African startups across 10 disclosed funding rounds tracked on Liners, totaling $15.4M since 2020.
Mostly Seed: 8 of its 10 tracked rounds are at that stage, followed by Pre-Seed (1).
Its tracked rounds lean toward Fintech (7), E-commerce & Retail (1), Health Tech (1), and 1 more sector.
Magic Fund most often shares rounds with Future Africa (4 shared deals), Microtraction (2 shared deals), Ventures Platform (2 shared deals).
Magic Fund has backed 5 companies in Nigeria: Juicyway (fintech), Klasha (fintech), Getbumpa (e-commerce & retail), Klump (fintech), and Eden (productivity & workspace).
Magic Fund's investments focus on Nigeria (5 companies), Tanzania (1), and Ghana (1). All investments are in African countries.