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MAGIC Fund is an early-stage venture capital firm, specializing in pre-seed and seed investments for technology startups. Its distinctive model delivers capital and strategic support through a "by founders for founders" approach. The firm leverages its investor network's collective entrepreneurial experience, providing portfolio companies practical guidance alongside financial backing.
Established about seven years ago, MAGIC Fund was founded on the insight that ambitious entrepreneurs greatly benefit from backing by individuals with direct company-building experience. This core philosophy shaped its investment strategy, bridging a crucial gap in early-stage venture capital. Managing Partner Goke Olubusi is instrumental in leading this founder-centric vision.
MAGIC Fund primarily serves nascent technology companies, providing critical early-stage capital and mentorship. Its vision centers on cultivating a global ecosystem where experienced founders empower the next generation of entrepreneurs. The firm fosters innovation and sustainable growth by supporting exceptional talent with resources and expertise.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2022 | NUE Life Health | $23.0M Series A | James Joaquin | Pareto Holdings, Myelin VC, Palm Drive Capital, Alexandra Tynion |