MAGIC Fund races into Q3 with $30M fund

Pic: Magical team behind MAGIC FUND

What better way to enter the second half of 2021 than to announce the closing of a $30mm fund?

That is the story of MAGIC Fund, which announced it closed its second fund of $30mm today. MAGIC Fund is a global collective of founders who back early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia.

Founded in 2017, MAGIC has invested in 70 companies at pre-seed and seed stages across these emerging markets. Some of these companies include Retool, Novo, Payfazz, and Mono.