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/Investors/Magic Fund

Magic Fund

13 investmentsΒ·10 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

$18.4M

Active Since

Jul 2020

Latest Investment

Sep 2025

Top Stage

Seed

Magic Fund Investment Regions

πŸ‡³πŸ‡¬ Nigeria (10)πŸ‡°πŸ‡ͺ Kenya (1)πŸ‡ΉπŸ‡Ώ Tanzania (1)πŸ‡¬πŸ‡­ Ghana (1)

Magic Fund Investment Sectors

Fintech (6)E-commerce & Retail (5)Health Tech (1)Quick Commerce (1)

Magic Fund Investment Timeline

Favicon of OrdaOrdaSeed$1.1MSep 2025
withMicrotractionLoftyIre AderinokunNorrsken Foundation
Favicon of JuicywayJuicywaySeed$3MDec 2024
withP1 VenturesMicrotractionFuture AfricaAndrew AlliVentures Platform
Favicon of KlashaKlashaSeed$2MOct 2024
withMyAsiaVCBreegaResilience17Alumni VenturesExpert Dojo+1 more
Favicon of CredableCredableSeed$2.5MMar 2023
withVentures PlatformLaunch AfricaAcasia VenturesAsia Africa Investment & ConsultingAdaverse+2 more
Favicon of BumpaBumpaSeed$4MOct 2022
withFast ForwardJedar CapitalPlug and PlayBase10 PartnersE62 Ventures+4 more
Favicon of VeendHQVeendHQPre-Seed$330,000Jun 2022
withThe Oak CapitalFuture AfricaBerrywood CapitalFirst Circle CapitalAngel investors
Favicon of KlumpKlumpSeed$780,000Mar 2022
withWill NealeSeedcampAssembly InvestorsAbdul HassanYellowwoods+10 more
Favicon of OrdaOrdaSeed$1.1MJan 2022
withHustle FundOxford Seed FundJesse OviaMicrotractionEnza Capital+6 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 OrdaOrdaSeedMay 2021
withHustle FundOxford Seed FundMicrotractionDFS Lab
Favicon of OrdaOrdaSeed$1.1MJan 2021
withHustle FundOxford Seed FundMicrotractionLoftyInc CapitalNorrsken Foundation
Favicon of Eden LifeEden LifeSeedJul 2020
withMusha VenturesVillage GlobalLoftyInc CapitalSamurai Incubate Africa

Products Backed by Magic Fund

Favicon of Orda
OrdaπŸ‡³πŸ‡¬
Run restaurant orders, payments, and inventory in one system
E-commerce & Retail
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 Credable
CredableπŸ‡°πŸ‡ͺ
Embed credit, savings, and payments into digital channels
Fintech
Favicon of Bumpa
BumpaπŸ‡³πŸ‡¬
Run retail sales, inventory, and online orders in one app
E-commerce & Retail
Favicon of VeendHQ
VeendHQπŸ‡³πŸ‡¬
Get instant salary-backed loans without collateral
Fintech
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 Life
Eden LifeπŸ‡³πŸ‡¬
Put home chores on autopilot
Quick Commerce

Investors Similar to Magic Fund

Microtraction (6)LoftyInc Capital (4)Norrsken Foundation (3)Future Africa (3)DFS Lab (3)Hustle Fund (3)Oxford Seed Fund (3)Ire Aderinokun (2)

FAQs About Magic Fund

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