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.