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MAGIC Fund

Los Angeles, California · Invests in US; Africa; LATAM; Asia; Europe · Website

Pre-SeedSeedE-commerce & MarketplacesGamingB2B SaaSAI & Machine LearningDeveloper ToolsFintechFintech & PaymentsEnterprise SoftwareDeveloper Tools & InfrastructureHealthcare & Digital HealthReal Estate & PropTech

Thesis

The best founders want to be backed by other founders. Smaller funds run by founders perform best at pre-seed/seed stage. We operate as a decentralized fund-of-micro-funds empowering founder-GPs across global regions.

Likely not a fit for

We don't lead rounds; we're not a mega-fund; we don't provide deep operations teams like traditional VCs; we're not focused on late-stage capital deployment

How they invest

Lead or follow
Usually follows
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Passive
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

13 contacts on file

AO

Adegoke Olubusi

General PartnerManaging Partner · Primary contact

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a•••@ma•••.fund

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MG

Matt G.

PartnerPartner

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m•••@ma•••.fund

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KA

Kwamena Afful

General PartnerCo-Founder and Partner

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AC

Alison Cheung

General PartnerGeneral Partner (Women's Health Focus)

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MG

Matt Greenleaf

Platform & OpsFounding and Operating Partner

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TO

Troy Osinoff

General PartnerGeneral Partner

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EZ

Elvis Zhang

General PartnerGeneral Partner

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AY

Adeel Yang

General PartnerGeneral Partner

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DS

Dimeji Sofowora

General PartnerGeneral Partner

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TC

Thomas Chen

PartnerPartner

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JC

Jacob Cohen

PartnerPartner

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LD

Luke Day

General PartnerFounder, General Partner

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ML

Michael Lisovetsky

General PartnerGeneral Partner

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Portfolio

RetoolEnterprise Software

Retool is a platform that enables users to build internal software applications quickly and efficiently, leveraging AI capabilities to enhance the development process.

PayFazzFintech Payments

PayFazz is a financial technology company that provides a platform for bill payments and financial services, including payment processing for utilities and other services.

FrubanaEcommerce Marketplaces

Frubana is a company offering promotions and terms for purchases via its app and website. It runs various promotions, including cashback offers and giveaways.

NovoFintech Payments

Novo is a banking platform designed for small businesses, offering a range of financial services including business checking accounts, credit cards, and bookkeeping solutions.

Akido LabsHealthcare Digital

Akido Labs is focused on leveraging AI and advanced medical technologies to provide high-quality, personalized healthcare accessible to everyone. Their mission is to build a healthcare system that anticipates needs and responds with precision, ensuring accessibility regardless of financial means or geography.

HomebaseHr Tech Work

Homebase offers an all-in-one platform for employee scheduling, time tracking, payroll, and HR management, designed specifically for small businesses.

ProofSecurity Cyber

Proof is an identity-centric security platform that focuses on restoring trust in digital transactions through verified payments and identity verification solutions.

KiwibotRobotics Automation

Kiwibot builds robots for real-world deployment, focusing on delivery, logistics, and advertising. Their robots operate in dynamic environments, providing services like food delivery, cargo handling, and outdoor advertising.

SunhouseMedia Entertainment

Sunhouse is a technology company creating the future of AI for the music industry. Our mission is to shift the paradigm in music creation by powering transformative musical experiences based on human intuition.

Chronus HealthHealthcare Digital

Chronus Health is a revolutionary diagnostic platform that utilizes proprietary electrical sensing enabled by microfluidics, machine learning, and aptamers to deliver point-of-care blood testing with results in just 15 minutes.

CafeXEnterprise Software

CafeX Communications Inc. focuses on advanced, real-time AI-powered applications, offering solutions designed for demanding business environments, including collaboration platforms and robotic kiosks.

WorkcloutEnterprise Software

WorkClout helps quality engineering teams improve quality and get product-to-market faster with a fully digital quality management system.

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Research briefRead more
MAGIC Fund Research Investment Thesis MAGIC Fund operates on a "founders backing founders" thesis with the conviction that smaller, founder-led funds perform best at the pre-seed and seed stages. Founded in 2017 and based in Los Angeles, MAGIC Fund is uniquely structured as a decentralized fund-of-micro-funds run by 10-12+ repeat founder-GPs distributed across key regions: Africa, Latin America, U

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