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Magic Fund

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 181
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 146
Rounds per year 25.86
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.18
Exits 2
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Financial Services
  • Health Care
  • FinTech
  • Information Technology

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Klasha, Inc.

E-Commerce
Information Technology
16 Oct 2024 San Francisco, California, United States

Renda

Logistics
Supply Chain Management
Transportation
$1M02 May 2024 Ikeja, Lagos, Nigeria

LunaJoy

Health Care
Medical
Therapeutics
$4M16 Apr 2024 Tampa, Florida, United States

Eleos

Insurance
Life Insurance
Software
$842K02 Nov 2023 London, England, United Kingdom

Playbite

Gaming
Online Games
$1M30 Oct 2023 St Louis, Missouri, United States

Partum Health

Health Care
Home Health Care
Medical
$3M23 Sep 2023 Chicago, Illinois, United States

Acho

Cloud Computing
Cloud Data Services
Cloud Infrastructure
Data Integration
Data Storage
Software
15 Aug 2023 Boston, Massachusetts, United States

Frigade

Developer Tools
Software
$3M21 Jul 2023 San Francisco, California, United States

Balad

Finance
Financial Services
FinTech
08 May 2023 Cairo, Al Qahirah, Egypt

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Total investments 181
Average round size 1M
Rounds per year 25.86
Peak activity year 2021
Lead investments 2
Follow on index 0.18
Exits 2
Group Appearance index 0.53

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Klasha, Inc.

E-Commerce
Information Technology
16 Oct 2024 San Francisco, California, United States

Renda

Logistics
Supply Chain Management
Transportation
$1M02 May 2024 Ikeja, Lagos, Nigeria

LunaJoy

Health Care
Medical
Therapeutics
$4M16 Apr 2024 Tampa, Florida, United States

Eleos

Insurance
Life Insurance
Software
$842K02 Nov 2023 London, England, United Kingdom

Playbite

Gaming
Online Games
$1M30 Oct 2023 St Louis, Missouri, United States

Partum Health

Health Care
Home Health Care
Medical
$3M23 Sep 2023 Chicago, Illinois, United States

Acho

Cloud Computing
Cloud Data Services
Cloud Infrastructure
Data Integration
Data Storage
Software
15 Aug 2023 Boston, Massachusetts, United States

Frigade

Developer Tools
Software
$3M21 Jul 2023 San Francisco, California, United States

Balad

Finance
Financial Services
FinTech
08 May 2023 Cairo, Al Qahirah, Egypt
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