Investments
19Funds
1Latest MAGIC Fund News
Apr 20, 2022
Nue Life Health, a Miami, FL-based mental wellness company, raised USD 23m in Series A equity and debt financing. The round was led by Obvious Ventures, with participation from MAGIC Fund, Myelin VC, Palm Drive Capital, certain Getty family investors, Jon Oringer, founder and executive chairman of Shutterstock, Brent L. Saunders, chairman of Vesper Healthcare and former chairman and president of Allergan, and Andrey Ostrovsky, MD, who also joins Nue Life’s advisory board, as well as additional venture debt financing from Western Technology Investment.
MAGIC Fund Investments
19 Investments
MAGIC Fund has made 19 investments. Their latest investment was in Uplinq as part of their Seed VC on April 4, 2022.
MAGIC Fund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/6/2022 | Seed VC | Uplinq | $3.5M | Yes | DVC Syndicate, Impulsum Ventures, MoVi Partners, N49P, Surface Ventures, and Undisclosed Angel Investors | 1 |
3/10/2022 | Seed VC | Klump | $0.78M | Yes | 4 | |
3/3/2022 | Seed VC | Blocknom | $0.5M | Yes | 1 | |
3/2/2022 | Seed VC | |||||
2/9/2022 | Seed VC |
Date | 4/6/2022 | 3/10/2022 | 3/3/2022 | 3/2/2022 | 2/9/2022 |
|---|---|---|---|---|---|
Round | Seed VC | Seed VC | Seed VC | Seed VC | Seed VC |
Company | Uplinq | Klump | Blocknom | ||
Amount | $3.5M | $0.78M | $0.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | DVC Syndicate, Impulsum Ventures, MoVi Partners, N49P, Surface Ventures, and Undisclosed Angel Investors | ||||
Sources | 1 | 4 | 1 |
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
2 Team Members
MAGIC Fund has 2 team members, including current Managing Partner, Adegoke Olubusi.
Name | Work History | Title | Status |
|---|---|---|---|
Adegoke Olubusi | eBay, PayPal, and Goldman Sachs | Managing Partner | Current |
Dimeji Sofowora | General Partner | Current |
Name | Adegoke Olubusi | Dimeji Sofowora |
|---|---|---|
Work History | eBay, PayPal, and Goldman Sachs | |
Title | Managing Partner | General Partner |
Status | Current | Current |
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