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/Investors/Magic Fund

Magic Fund

7 investmentsΒ·7 products on Liners
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.

Total Invested

$12.3M

Active Since

Jul 2020

Latest Investment

Dec 2024

Top Stage

Seed

Magic Fund Investment Regions

πŸ‡³πŸ‡¬ Nigeria (5)πŸ‡ΉπŸ‡Ώ Tanzania (1)πŸ‡¬πŸ‡­ Ghana (1)

Magic Fund Investment Sectors

Fintech (4)E-commerce & Retail (1)Health Tech (1)Services & Marketplaces (1)

Magic Fund Investment Timeline

Favicon of JuicywayJuicywaySeed$3MDec 2024
withP1 VenturesMicrotractionFuture AfricaAndrew AlliVentures Platform
Favicon of KlashaKlashaSeed$2MOct 2024
withMyAsiaVCBreegaResilience17Alumni VenturesExpert Dojo+1 more
Favicon of BumpaBumpaSeed$4MOct 2022
withFast ForwardJedar CapitalPlug and PlayBase10 PartnersE62 Ventures+4 more
Favicon of KlumpKlumpSeed$780,000Mar 2022
withWill NealeSeedcampAssembly InvestorsAbdul HassanYellowwoods+10 more
Favicon of KuundaKuundaSeed$2.3MDec 2021
withFINCA VenturesGreenhouse Capital PartnersLaunch Africa VenturesSeedstarsFuture Africa+2 more
Favicon of InstantRadInstantRadVenture (Round not Specified)$200,000Nov 2021
withMicrotractionLoftyInc Capital
Favicon of EdenEdenSeedJul 2020
withMusha VenturesVillage GlobalLoftyInc CapitalSamurai Incubate Africa

Products Backed by Magic Fund

Favicon of Juicyway
JuicywayπŸ‡³πŸ‡¬
Send, exchange, and move money across borders
Fintech
Favicon of Klasha
KlashaπŸ‡³πŸ‡¬
Accept and send cross-border payments in local currencies
Fintech
Favicon of Bumpa
BumpaπŸ‡³πŸ‡¬
Run retail sales, inventory, and online orders in one app
E-commerce & Retail
Favicon of Klump
KlumpπŸ‡³πŸ‡¬
Offer customers instalment payments with a 25% deposit
Fintech
Favicon of Kuunda
KuundaπŸ‡ΉπŸ‡Ώ
Embedded liquidity and growth financing for agents and MSMEs
Fintech
Favicon of InstantRad
InstantRadπŸ‡¬πŸ‡­
Cloud teleradiology with PACS, RIS, and diagnostic viewing
Health Tech
Favicon of Eden
EdenπŸ‡³πŸ‡¬
Put home chores on autopilot
Services & Marketplaces

Investors Similar to Magic Fund

Microtraction (2)Future Africa (2)LoftyInc Capital (2)P1 Ventures (1)Andrew Alli (1)Ventures Platform (1)MyAsiaVC (1)Breega (1)

FAQs About Magic Fund

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