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Venture Capital
magic.fund

Investments

40

Funds

1

About MAGIC Fund

MAGIC Fund is an early-stage venture capital fund built by founders for founders at the pre-seed and seed stages.

Headquarters Location

350 Arballo Dr

San Francisco, California, 94132,

United States

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Latest MAGIC Fund News

Egypt’s Fintech Balad Secures Seven-Figure Pre-Seed Fund Round Led by Acasia Ventures

May 11, 2023

Egypt’s fintech Balad has raised a seven-figure pre-Seed round led by Acasia Ventures. Other investors in the round included Launch Africa, Future Africa, V&R, Magic Fund, First Circle, Sunny Side, and several family offices. This is the fintech’s first funding round. Founded in 2022 by Adham Azzam, Sally Asaad and Mohamed Assem, Balad is a [...] The post Egypt’s Fintech Balad Secures Seven-Figure Pre-Seed Fund Round Led by Acasia Ventures appeared first on Innovation Village | Technology, Product Reviews, Business.

MAGIC Fund Investments

40 Investments

MAGIC Fund has made 40 investments. Their latest investment was in Balad as part of their Pre-Seed on May 5, 2023.

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MAGIC Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/8/2023

Pre-Seed

Balad

Yes

8

4/21/2023

Pre-Seed

Rebel Tech

$1.64M

Yes

1

3/20/2023

Seed VC

Credable

$2.5M

Yes

13

2/23/2023

Seed VC

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$99M

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10

2/1/2023

Bridge

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10

Date

5/8/2023

4/21/2023

3/20/2023

2/23/2023

2/1/2023

Round

Pre-Seed

Pre-Seed

Seed VC

Seed VC

Bridge

Company

Balad

Rebel Tech

Credable

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Amount

$1.64M

$2.5M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

8

1

13

10

10

MAGIC Fund Fund History

1 Fund History

MAGIC Fund has 1 fund, including MAGIC Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/6/2021

MAGIC Fund II

$30M

2

Closing Date

7/6/2021

Fund

MAGIC Fund II

Fund Type

Status

Amount

$30M

Sources

2

MAGIC Fund Team

4 Team Members

MAGIC Fund has 4 team members, including current Managing Partner, Adegoke Olubusi.

Name

Work History

Title

Status

Adegoke Olubusi

Managing Partner

Current

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Name

Adegoke Olubusi

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Work History

Title

Managing Partner

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Status

Current

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