MAGIC Fund is a Los Angeles-based early-stage venture capital firm founded in 2017 that operates as a decentralized “fund-of-micro-funds”. See contact routes.
MAGIC Fund is a Los Angeles-based early-stage venture capital firm founded in 2017 that operates as a decentralized “fund-of-micro-funds” built by founders for founders. The firm invests globally at the pre-seed and seed stages, with selective Series A participation, focusing on sectors including fintech, healthcare, gaming, B2B/SaaS, edtech, and logistics. Typical check sizes range from $50,000 to $5,000,000, with core investments averaging $250,000–$2,000,000, and the firm generally acts as a non-lead investor in syndicated rounds. Notable portfolio companies include Retool (a unicorn low-code internal tools platform), Bank Novo, Payfazz, Frubana, and Renda, a Nigerian logistics startup. MAGIC Fund’s distinctive point of view centers on the thesis that smaller, diverse founder-led funds outperform traditional VCs at early stages, leveraging autonomous founder-GPs across Africa, Latin America, the US, Europe, and Asia-Pacific to support underserved markets. The firm raised a $30 million Fund II in 2024 to continue its global early-stage deployment.
Details on this firm come from filing and round data held in the StartupFundraising directory, refreshed on ingest. Founders use profiles like this one to qualify fit and to shortlist investors in Los Angeles.
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