Investments
40Funds
1
Want to inform investors similar to MAGIC Fund about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest MAGIC Fund News
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.
MAGIC Fund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/8/2023 | Pre-Seed | Balad | Yes | Acasia Group, First Circle, Future Africa, Launch Africa, MAGIC Fund, Sunny Side Ventures, Undisclosed Investors, and V&R Africa | 8 | |
4/21/2023 | Pre-Seed | Rebel Tech | $1.64M | Yes | 1 | |
3/20/2023 | Seed VC | Credable | $2.5M | Yes | Acacia Ventures, Adaverse, Asia Africa Investment Consulting, EMURGO, Launch Africa, MAGIC Fund, Undisclosed Angel Investors, and Ventures Platform | 13 |
2/23/2023 | Seed VC | |||||
2/1/2023 | Bridge |
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 | ||
Amount | $1.64M | $2.5M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | Acasia Group, First Circle, Future Africa, Launch Africa, MAGIC Fund, Sunny Side Ventures, Undisclosed Investors, and V&R Africa | Acacia Ventures, Adaverse, Asia Africa Investment Consulting, EMURGO, Launch Africa, MAGIC Fund, Undisclosed Angel Investors, and Ventures Platform | |||
Sources | 8 | 1 | 13 |
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 | eBay, PayPal, and Goldman Sachs | Managing Partner | Current |
Name | Adegoke Olubusi | |||
|---|---|---|---|---|
Work History | eBay, PayPal, and Goldman Sachs | |||
Title | Managing Partner | |||
Status | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.