MAGIC Fund
Signal active
Investment Firm
Overview
Magic Fund is built on a thesis that smaller funds run by founders perform best in early-stage investing (pre-seed/seed). We're a fund of micro-funds run by repeat founders with strong expertise in specific industries and geographies.
Highlights
Founded
2017
Industry
Developer Tools
Employees
11-50
Investment
171
Lead Investment
4
Exits
11
Stages
Seed, Early Stage Venture
Investor Type
Accelerator, Micro Vc, Venture Capital
Location
United States, North America
Contact Information
Social
Profile Resume
MAGIC Fund, established in 2017 and headquartered in United States, North America., specializes in Seed, Early Stage Venture investments across Financial Services, Venture Capital, Augmented Reality, Finance, Artificial Intelligence (AI), Robotics, FinTech, InsurTech, Productivity Tools, Angel Investment. The organization boasts a portfolio of 171 investments, with an average round size of $4.7M and 11 successful exits. Their recent investments include Y Combinator, AltaIR Capital, Toro Ventures, Liquid 2 Ventures, Renda. The highest investment round they participated in was $37.5B. Among their most notable exits are Y Combinator and AltaIR Capital. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
MAGIC Fund has made 171 investments. Their most recent investment was on May 02, 2024, when Renda raised $1.3M.
MAGIC Fund has made 28 diversity investments. Their most recent diversity investment was on Sep 23, 2023, when Partum Health raised $3.1M.
investments
171
Diversity investments
28
Lead investments
4
Number of exits
11
Investments
171
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Oct 30, 2023 | Playbite | Gaming | 1.0M |
| Nov 02, 2023 | Eleos | Insurance | 749.9K |
| Apr 16, 2024 | LunaJoy | Health Care | 4.2M |
| May 02, 2024 | Renda | Transportation | 1.3M |
Exits
11
Funding Timeline
Funding rounds
171
Investors
0
Funds
1
Funding Rounds
171
MAGIC Fund has raised 171 rounds. Their latest funding was raised on May 02, 2024 from a Pre Seed Round - Renda round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Oct 30, 2023 | Seed Round - Playbite | - | 1.0M | - |
| Nov 02, 2023 | Pre Seed Round - Eleos | - | 749.9K | - |
| Apr 16, 2024 | Seed Round - LunaJoy | - | 4.2M | - |
| May 02, 2024 | Pre Seed Round - Renda | - | 1.3M | - |
Investors
0
There is no funding round available on this profile
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
There is no recent news or activity for this profile.