MAGIC Fund

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Apr 1, 2024	Berachain	$100.0M Series B	—	Animoca Brands, Draper Associates, Polygon, Unruly Capital, Balaji Srinivasan, Roneil Rumburg
Sep 1, 2023	Rengage	$3.0M Seed	—	Baukunst, Bolt, Deciens Capital, DNX Ventures, Flex Capital, Flybridge Capital Partners, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Charles Delingpole
Jun 1, 2023	Eko	$960K Seed	—	2048 Ventures, High Alpha, Motivate Ventures, Techstars
Feb 1, 2023	NoRamp	$450K Seed	—	Animoca Brands, Outlier Ventures, ParaFi Capital
Dec 1, 2022	Gynger	$12.0M Seed	—	Baukunst, Bolt, Cocoa, Deciens Capital, DNX Ventures, Felicis Ventures, Flash Ventures, Flex Capital, Flybridge Capital Partners, Gradient Ventures, Humba Ventures, Northzone, Nyca Partners, Polychain Capital, Precursor Ventures, QED Investors, Recharge Capital, Reciprocal Ventures, Tet Ventures, Trajectory Ventures, Tribe Capital, Unusual Ventures, Vera Equity, Andrej Henkler, Andy Leaver, Asif Moosani, Charles Delingpole, Jason Lemkin, Louis Beryl, Mark Ghermezian, Tom Blomfield
Nov 1, 2022	Eko	$700K Seed	—	2048 Ventures, High Alpha, Motivate Ventures, Techstars
Aug 1, 2022	Cashmere	$3.0M Seed	—	100X.VC, Animoca Brands, Asylum Ventures, Climate Capital, Hack VC, KRM Interests LLC, Moonfire Ventures, Orange Fund (Orange DAO), Alex Pack, Balaji Srinivasan, Charles Delingpole, Greg Kidd, Jeremy Edberg, Louis Beryl, Phillip Chambers, Rubin Ritter, Will Prendergast
Jul 1, 2022	Fieldproxy	$750K Seed	—	Baukunst, Bolt, Deciens Capital, DNX Ventures, Jenny Fielding, Scott Hartley, Flex Capital, Flybridge Capital Partners, KRM Interests LLC, Precursor Ventures, Recharge Capital, Reciprocal Ventures, SparkLabs Global Ventures, SuperAngel.Fund, Tet Ventures, Trajectory Ventures, Untapped Capital, Unusual Ventures, Vera Equity, Charles Delingpole, Luke Sherwin, Mark Ghermezian, Neil Parikh
Jun 1, 2022	NymCard	$23.0M Series A	—	500 Falcons, Baukunst, Bolt, Deciens Capital, DNX Ventures, Flex Capital, Flybridge Capital Partners, Precursor Ventures, QED Investors, Recharge Capital, Reciprocal Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Charles Delingpole, Mark Ghermezian
May 1, 2022	FloorFound	$11.0M Series A	—	Alumni Ventures, Baukunst, Bolt, Deciens Capital, DNX Ventures, FirstMark Capital, Flex Capital, Flybridge Capital Partners, LiveOak Venture Partners, Next Coast Ventures, Precursor Ventures, Recharge Capital, Reciprocal Ventures, S3 Ventures, Schematic Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Charles Delingpole, Mark Ghermezian
Apr 1, 2022	Market AI	$5.0M Venture Round	—	Baukunst, Bolt, Deciens Capital, DNX Ventures, Flex Capital, Flybridge Capital Partners, Lerer Hippeau, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Sapphire Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Charles Delingpole, Mark Ghermezian
Feb 1, 2022	Living Carbon	$15.0M Series A	—	8090 Industries, Addition, BoxGroup, Comal Ventures, Company Capital, Earlybird Venture Capital, ENIAC Ventures, EQT Ventures, Felicis Ventures, Future Planet Capital, General Atlantic, GE Ventures, Infinite Niches, Launchpad Capital, Lowercarbon Capital, Pareto Holdings, TCV, Third Kind Ventures, Union Square Ventures, Village Global, Xfund, David Mytton, Matt Brezina, Patrick S. Chung, Scott Belsky
Feb 1, 2022	Endgame	$30.0M Series B	—	Accel, Array Ventures, Austin Ventures, Baukunst, Bolt, Buckley Ventures, Deciens Capital, DNX Ventures, Emergence Capital, Endeavor8, EQT Ventures, Flex Capital, Flybridge Capital Partners, Founder Collective, Golan Ventures, Grace Beauty Capital, Kaya Ventures, LGF, Menlo Ventures, Monarch Collective, Next Coast Ventures, Precursor Ventures, Race Capital, Recharge Capital, Reciprocal Ventures, Recursive Ventures, Red Swan Ventures, S3 Ventures, SoftBank Investment Advisers, Springdale Ventures, StartHer, Tet Ventures, Todd and Rahul's Angel Fund, Trajectory Ventures, Unusual Ventures, Vera Equity, Vitalize Venture Group, Zero Capital, Aaron Rosenson, Allison Pickens (Allison Pickens Ventures), Brian Cruver, Charles Delingpole, Dave Balter, Elad Kushnir, Ethan Austin, Ian Lopatin, Jiake Liu, Mark Cuban, Mark Ghermezian, Ran Makavy, Suhail Doshi, Thomas Vu, Vince Thompson
Jan 1, 2022	HUBUC	$10.0M Seed	—	20VC, 2xN, 8090 Industries, Alt Capital, Andreessen Horowitz, Asset Management Ventures, Banana Capital, Baukunst, Bolt, Buckley Ventures, Casa Verde Capital, Comal Ventures, CRV, Deciens Capital, DNX Ventures, Aniq Kassam, Felicis Ventures, Flex Capital, Flybridge Capital Partners, Founder Collective, Founders Fund, GE Ventures, Greylock, Hyper, Infinite Niches, Initialized Capital, LGF, Lightspeed Venture Partners, LocalGlobe, Lowercarbon Capital, Not Boring Capital, O'Reilly AlphaTech Ventures, Owl Ventures, Plaid, Point Nine Capital, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Rubicon VC, Stripe, Tet Ventures, The Hit Forge, TLcom Capital, Todd and Rahul's Angel Fund, Trajectory Ventures, Tribe Capital, Two Sigma Ventures, Union Square Ventures, Unusual Ventures, Vera Equity, Village Global, WndrCo LLC, Y Combinator, Anne Wojcicki, Carmelo Anthony (Melo7 Tech Partners), David Mytton, Frank Westermann, Halle Tecco, James Beshara, Jason Katzer, Mark Ghermezian, Matt Brezina, Namrata Ganatra, Sahin Boydas, Scott Belsky, Susan Danziger
Dec 1, 2021	Whym	$6.0M Seed	—	7GC & Co, Accel, Baukunst, B Capital Group, Bolt, Commerce Ventures, Deciens Capital, DNX Ventures, FinTech Collective, Flex Capital, Flybridge Capital Partners, F-Prime Capital Partners, Gaingels, Illuminate Financial Management, Innovation Endeavors, Investo, Jump Capital, Luno Expeditions, March Capital, Hans Tung, Oak HC/FT, Point72 Ventures, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Wollef Ventures, WorldQuant Ventures, XFactor Ventures, Ayush Sood, Charles Delingpole, Derrick Li, Jonathan Swanson, Mark Ghermezian, Matt Brezina, Scott Belsky, Tom Eisenmann
Nov 1, 2021	Lovely Day Foods	$3.0M Seed	—	Baukunst, Bolt, Deciens Capital, DNX Ventures, Flex Capital, Flybridge Capital Partners, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Charles Delingpole, Mark Ghermezian
Nov 1, 2021	Maker Wine	$2.0M Seed	—	040 Capital, 1/1 Capital, 1776, 2xN, 9Yards Capital, AirAngels, Alchemy Ventures, Andreessen Horowitz, Archetype, Awesome Ventures, Baukunst, BBG Ventures, Bessemer Venture Partners, Beta Boom, Blackbird Ventures Australia, Blockchain.com Ventures, Bolt, Breakthrough Energy Ventures, Capital Today, Climate Capital, Cowboy Ventures, CRV, Cubit Capital, Deciens Capital, DNX Ventures, Firework Ventures, Flex Capital, Flexsteel Industries Inc., Flybridge Capital Partners, Founders Fund, FPV Fund, Geek Ventures, gener8tor, General Catalyst, Goat Capital, GSV Acceleration, Hack VC, Harrison Metal, Helium-3 Ventures, Heretic Ventures, Immeasurable, Incisive Ventures, Index Ventures, Initialized Capital, Jetstream, Kleiner Perkins, LAUNCHub Ventures, Lightspeed Venture Partners, LombardStreet Ventures, Main Sequence Ventures, Mantis VC, Mosaic Ventures, Offline Ventures, Owl Ventures, Pear VC, Penny Jar Capital, Pillar VC, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Salesforce Ventures, Sapphire Ventures, Sequoia Capital China, Serena Ventures, Shield Capital, SNR, Tet Ventures, Thirty Five Ventures, Trajectory Ventures, Tribe Capital, Twenty Seven Ventures, Ulu Ventures, Union Square Ventures, Unpopular Ventures, Unusual Ventures, Vera Equity, Vista Venture Partners, Wellington Management, Yes VC, Alex Pack, Anastasia Andrianova, Andre Iguodala, Andy Katz - Mayfield, Carlos Julio Garcia, Charles Delingpole, Chris Fanini, Curtis Lee, Daniel Kan, Darrell Silver, David Vélez, Elliott Cohen, Fernando Martinelli, Gabriel Braga, Gabriel Jarrosson, George Ruan, Henry Davis, Immad Akhund, James Beshara, James Park, Julian Shapiro, Keith Masback, Kyle Vogt, Louis Beryl, Manish Chandra, Mark Ghermezian, Matt Bellamy, Nate Cavanaugh, Nick Green, Odell Beckham Jr., Pablo Gonzalez, Philippe Teixeira da Mota, Ricardo Weder, Scott Tannen, Stani Kulechov, TJ Parker, Tom Blomfield, Tracy Sun, Vikas Sabnani, Vince Thompson, William Hockey
Oct 1, 2021	Payday	$1.0M Seed	—	Camber Creek, CapitalG, Citi Ventures, Concrete Ventures, N49P Ventures, Pareto Holdings, Techstars, Two Small Fish Ventures, Y Combinator, Haroon Mokhtarzada, Immad Akhund, Jeff Seibert, Juha Paananen, Louis Beryl, Wayne Chang
Oct 1, 2021	Payday Global	$1.0M Seed	—	Perseus Mlambo
Oct 1, 2021	Superdao	$1.0M Seed	—	2048 Ventures, Invariantes Fund, Motivate Ventures, S J
Sep 1, 2021	Fieldproxy	$270K Seed	—	Baukunst, Bolt, Deciens Capital, DNX Ventures, Flex Capital, Flybridge Capital Partners, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Charles Delingpole, Mark Ghermezian
Jul 1, 2021	Endgame	$12.0M Series A	—	Baukunst, Bolt, Deciens Capital, DNX Ventures, Flex Capital, Flybridge Capital Partners, Menlo Ventures, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Allison Pickens (Allison Pickens Ventures), Charles Delingpole, Mark Ghermezian
Jul 1, 2021	Endgame	$5.0M Seed	—	Abstract Ventures, AirAngels, Alt Capital, Andreessen Horowitz, Audacious Ventures, Austin Ventures, Balderton Capital, Baukunst, Bolt, C2 Investment, CRV, Deciens Capital, DNX Ventures, Flex Capital, Flybridge Capital Partners, Flying Fish Partners, Founder Collective, Goat Capital, Grace Beauty Capital, Gradient Ventures, Index Ventures, Kaya Ventures, La Famiglia, LGF, Monarch Collective, Next Coast Ventures, Offline Ventures, Operator Partners, Outrun Ventures, Playfair Capital, Polychain Capital, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Redpoint Ventures, Red Swan Ventures, S3 Ventures, Sequoia Capital, SignalFire, SoftBank Investment Advisers, Springdale Ventures, StartHer, Stripe, Tet Ventures, Todd and Rahul's Angel Fund, Trajectory Ventures, Unusual Ventures, Vera Equity, Y Combinator, Adam Gross, Akshay Kothari, Amit Agarwal, Brian Cruver, Charles Delingpole, Christian Reber, Dave Balter, Ethan Austin, Gokul Rajaram, Ian Lopatin, Jacques Fu, Jason Katzer, Jiake Liu, Kenny Van Zant, Mark Cuban, Mark Ghermezian, Mathilde Collin, Matias Woloski, Nicolas Pinto, Scott Belsky, Suhail Doshi, Thomas Vu, Vince Thompson, Yvonne Wassenaar
Jun 1, 2021	Whym	$1.0M Venture Round	—	645 Ventures, 8VC, Amplo, TJ Nahigian, Baukunst, Bolt, Bow Capital, Buckley Ventures, Companyon Ventures, Deciens Capital, DNX Ventures, DVx Ventures, Eunoia Capital Partners, Flex Capital, Flybridge Capital Partners, Foundry Group, Freestyle Capital, Goodwater Capital, Green Generation Fund, Hyde Park Venture Partners, i/o Ventures, Launch Capital, Liquid 2 Ventures, Mayfield, Niu Ventures, Oak HC/FT, Overline VC, Plug & Play Ventures, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Recursive Ventures, Sandwith Ventures, SOSV, Techstars, Tet Ventures, Trajectory Ventures, True Ventures, Unpopular Ventures, Unusual Ventures, Vera Equity, XFactor Ventures, Ayush Sood, Balaji Srinivasan, Brandon Krieg, Charles Delingpole, Immad Akhund, Jay Vijayan, Kevin Lin, Mark Ghermezian, Thomas Noonan
Jun 1, 2021	Paperchain	$1.0M Seed	—	Founders' Co-op, Innovation Works, Momenta Ventures, Motivate Ventures, RET Ventures, Vitalize Venture Group

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at MAGIC Fund.

Leadership Team

Key people at MAGIC Fund.

Deep Dive

MAGIC Fund is a global, founder-led early-stage venture capital fund that invests primarily at the pre-seed and seed stages across diverse industries and geographies including the US, Africa, Latin America, and Asia-Pacific. Founded by experienced entrepreneurs, it focuses on backing founders solving complex challenges by providing not only capital but also strategic guidance, mentorship, and access to a broad network of founders and investors. The fund has supported over 200 startups spanning sectors such as financial services, consumer products, business services, and life sciences, aiming to accelerate early-stage growth and long-term success for innovative and disruptive companies[1][2][3][5][6].

MAGIC Fund was established by a collective of repeat founders who believe that smaller, founder-run funds deliver superior early-stage investment outcomes. Its unique model operates as a "fund of micro-funds," with 10-12+ founder general partners distributed globally, each bringing local expertise and operational experience. This decentralized approach allows MAGIC Fund to leverage deep founder networks and provide hands-on support beyond capital. The fund’s evolution reflects a commitment to founder-centric investing and global reach, scaling its debut $30 million fund to back a wide range of technology-driven startups worldwide[1][3][6].

Core Differentiators

Founder-led and founder-focused: Built by entrepreneurs who have scaled companies themselves, offering operational insights and mentorship.
Global decentralized model: Multiple founder general partners across regions enable local expertise and diverse deal flow.
Broad sector and geographic coverage: Investments span financial services, healthcare, consumer products, and frontier technologies across multiple continents.
Strategic support beyond capital: Provides access to a rich network of founders and investors, plus hands-on guidance to navigate early-stage challenges.
Track record: Over 200 portfolio companies including notable names like Bank Novo, Payfazz, Frubana, and Retool[1][3][5][6].

Role in the Broader Tech Landscape

MAGIC Fund rides the trend of founder-driven, decentralized venture capital that leverages local insights and networks to identify high-potential startups globally. This timing is critical as early-stage innovation increasingly emerges outside traditional tech hubs, especially in emerging markets like Africa and Latin America. The fund’s model aligns with market forces favoring diverse, founder-centric investment approaches that can adapt quickly to regional nuances. By empowering founders with capital and operational support, MAGIC Fund helps democratize access to venture capital and accelerates innovation ecosystems worldwide[1][3][6].

Quick Take & Future Outlook

Looking ahead, MAGIC Fund is poised to expand its global footprint and deepen its impact by continuing to back ambitious founders solving complex problems across sectors and geographies. Trends such as the rise of frontier technologies, fintech in emerging markets, and decentralized investment models will shape its journey. As the venture landscape evolves, MAGIC Fund’s founder-led, network-driven approach positions it to remain influential in nurturing early-stage innovation and scaling startups that address global challenges[1][3][6]. This reinforces its mission of being a true partner to founders worldwide, combining capital with strategic support to fuel long-term success.

Sources

Core Differentiators

Founder-led and founder-focused: Built by entrepreneurs who have scaled companies themselves, offering operational insights and mentorship.
Global decentralized model: Multiple founder general partners across regions enable local expertise and diverse deal flow.
Broad sector and geographic coverage: Investments span financial services, healthcare, consumer products, and frontier technologies across multiple continents.
Strategic support beyond capital: Provides access to a rich network of founders and investors, plus hands-on guidance to navigate early-stage challenges.
Track record: Over 200 portfolio companies including notable names like Bank Novo, Payfazz, Frubana, and Retool[1][3][5][6].