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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. Its official website describes the fund as backing founders around the world at the pre-seed and seed stages. The available official information does not confirm a base location. In the African investment activity provided, MAGIC Fund participated in 10 rounds across Nigeria, Kenya, and Tanzania. The rounds were primarily Seed, with one Pre-Seed and one round whose stage was not specified. Fintech accounts for seven of the listed investments, alongside e-commerce and retail, health tech, and services and marketplaces.
Data updated · Oct 3, 2026
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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).
The companies listed include Juicyway, Klasha, _able, Bumpa, VeendHQ, Klump, Kuunda, InstantRad, and Eden. Their sectors include fintech, e-commerce and retail, health tech, and services and marketplaces.
The listed African investment activity spans July 2020 through December 2024, with 10 rounds recorded during that period.
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