Investors / MAGIC Fund
MAGIC Fund
Venture capital
MAGIC Fund is an early-stage venture capital fund that backs founders with capital from a network of founder-investors. It has raised a $30 million debut fund and reports having brought magic to 250+ startups over the last 7 years.
Invests inFintech
In its own wordsfintechsaashealthtechmarketplacesafricaecommerce
Your fit with MAGIC Fund
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsMAGIC Fund lists 49 checked portfolio companies on its own site and is named in 1 funding round. Its most frequent entry is Seed, 100% of the companies with a known first round. Its largest themes are Fintech (29%), AI & Machine Learning (11%) and Healthcare & Biotech (11%). 55% of its companies are based in United States. It invests most often alongside Y Combinator, Soma Capital and Duro Ventures.
Counts come from funding rounds that name MAGIC Fund, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not MAGIC Fund's whole history. Rounds on record name 1 company; its own site lists 49. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundMAGIC Fund does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 100% |
| Series A | 0% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 1 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 0 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 82th | 48 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 100th | 100% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 48th | 29% in its largest sector |
| Reach | 91th | 8 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 29% | 12% |
| AI & Machine Learning | 11% | 18% |
| Healthcare & Biotech | 11% | 15% |
| E-commerce & Marketplaces | 9% | 6% |
| Enterprise Software | 8% | 8% |
| Space & Defense | 7% | 3% |
| Media & Entertainment | 5% | 4% |
| Food & Agriculture | 4% | 3% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Y Combinator | 24 |
| Soma Capital | 5 |
| Duro Ventures | 4 |
| Resilience17 | 4 |
| Astir Ventures | 3 |
| Base Ventures | 3 |
| Ingressive Capital | 3 |
| Samurai Incubate Inc. | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers4796%
- No longer answers00%
- Points to another company24%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare MAGIC Fund head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with MAGIC Fund| Date | Company | Stage |
|---|---|---|
| 28 Nov 2022 | Seed |
Round details for MAGIC Fund
Amounts, full round histories and every co-investor in MAGIC Fund's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
49 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Acho provides customized ERP software for businesses to scale their operations and automate processes. | Enterprise SoftwareSpace & Defense | Portfolio page | ||
| Ai Insurance provides insurance management software to automate various aspects of insurance operations | FintechHealthcare & Biotech | Portfolio page | ||
| Akido Labs offers various insurance services, including life, disability, mental health coverage, medical reimbursement, and accident insurance. | Healthcare & BiotechFintech | Portfolio page | ||
| Apero Health provides software for medical practices to manage operations, including scheduling, billing, and patient care. | Healthcare & BiotechFintech | Portfolio page | ||
| Bankly provides personal and business banking services, including payment solutions and accounts | FintechFintech | Portfolio page | ||
| Novo provides free business bank accounts and related financial services to small businesses | FintechFintech | Portfolio page | ||
| Bimaplan provides an embedded insurance platform to enable partners to offer multiple insurance policies to their customers | FintechE-commerce & Marketplaces | Portfolio page | ||
| Blueberry Pediatrics provides virtual pediatric care services to parents and children | Healthcare & Biotech | Portfolio page | ||
| Bolt offers various mobility services, including ride-hailing, car-sharing, food and grocery delivery, and micromobility solutions. | Mobility & LogisticsFood & Agriculture | Portfolio page | ||
| Bongalow provides home financing from top lenders in one place, with guidance from application to approval. | Fintech | Portfolio page | ||
| Cafe X provides robotic coffee bars | Food & Agriculture | Portfolio page | ||
| Cantos invests in and supports various technology startups | FintechAI & Machine Learning | Portfolio page | ||
| Portfolio page | ||||
| Draftbit builds web and mobile apps with AI agents and human experts | AI & Machine LearningCybersecurity | Portfolio page | ||
| Dryvebox provides a mobile golf simulator for events, offering a trailer and pop-up enclosure with golfing equipment and staff | Enterprise SoftwareLegal & Compliance | Portfolio page | ||
| Evolve Credit provides a SaaS lending and banking platform for financial institutions | FintechLegal & Compliance | Portfolio page | ||
| Fieldproxy provides AI field service software that configures around a company's existing workflows | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Hideout delivers meals, including a Tokyo convenience store experience, to customers' doorsteps. | Food & Agriculture | Portfolio page | ||
| Fintual provides investment services to individuals and companies. | Fintech | Portfolio page | ||
FintechFintech | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- magic.fund
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 28 Nov 2022
- Companies checked
- 49
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get MAGIC Fund's profile as data
Pull MAGIC Fund's portfolio, co-investors and changes through one API key or MCP, open every portfolio row, compare it with other firms, and get an email when it adds a company or files a fund.
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$ curl -H "X-API-Key: YOUR_KEY" \
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