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Venture Capital
magic.fund

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Investments

19

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.

MAGIC Fund Headquarter Location

350 Arballo Dr

San Francisco, California, 94132,

United States

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Latest MAGIC Fund News

Nue Life Health Raises USD 23M In Financing

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.

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MAGIC Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/6/2022

Seed VC

Uplinq

$3.5M

Yes

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

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$99M

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10

2/9/2022

Seed VC

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$99M

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10

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

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Amount

$3.5M

$0.78M

$0.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

4

1

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

2 Team Members

MAGIC Fund has 2 team members, including current Managing Partner, Adegoke Olubusi.

Name

Work History

Title

Status

Adegoke Olubusi

Managing Partner

Current

Dimeji Sofowora

General Partner

Current

Name

Adegoke Olubusi

Dimeji Sofowora

Work History

Title

Managing Partner

General Partner

Status

Current

Current

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