Investor
MAGIC Fund
MAGIC Fund is an early-stage venture capital fund based in the United States, focusing on backing founders who are solving significant challenges globally. The fund employs a unique model of distributed general partners to leverage local networks and deal flow.
Online destinations
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Official links
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Third-party rankings
Where MAGIC Fund ranks
| Ranking | Edition | Position | Since last edition | Trust | What it measures |
|---|---|---|---|---|---|
 Top 50 Startup Accelerators, Ranked by Exit Rate | 2026 | #34 | No prior edition | C | Performance |
Overview
MAGIC Fund is an early-stage venture capital fund founded to support founders by other founders. Established in 2017, the organization is based in the United States and focuses on backing entrepreneurs with first-hand experience in building companies. The fund emphasizes investing in early-stage companies across various sectors, including technology, finance, healthcare, and consumer services. Its investment thesis centers on supporting innovative solutions created by founders in their respective fields, aiming to scale a global vision of founders backing founders.
Focus
MAGIC Fund invests in early-stage companies, primarily at the pre-seed and seed stages. The fund's investment strategy is centered around supporting founders who are developing groundbreaking solutions in their respective fields. With a commitment to a high volume of investments, MAGIC Fund seeks to maintain a diverse portfolio that spans multiple sectors and geographies.
Support
MAGIC Fund adds value to its portfolio companies by leveraging the expertise and networks of its founder-GPs, who provide mentorship, strategic guidance, and access to resources. The fund's unique model fosters collaboration among founders, enabling them to share insights and best practices, ultimately enhancing their chances of success.
Questions
What are MAGIC Fund's investment criteria?
MAGIC Fund primarily invests in early-stage companies at the pre-seed and seed stages, focusing on sectors such as healthcare, consumer services, and SaaS. The fund typically invests between $50,000 and $500,000.
How can I apply or pitch to MAGIC Fund?
Founders interested in pitching to MAGIC Fund can visit their website at magic.fund for more information on the application process.
What makes MAGIC Fund different from other venture capital firms?
The unique aspect of MAGIC Fund is its model of 'founders backing founders,' where experienced entrepreneurs serve as GPs, providing mentorship and insights to portfolio companies. This approach enhances the support available to startups.
What is the geographic scope of MAGIC Fund's investments?
MAGIC Fund invests globally, with a focus on North America, Africa, Latin America, and Southeast Asia, allowing them to tap into diverse markets and opportunities.
What is MAGIC Fund's post-investment involvement like?
MAGIC Fund actively engages with its portfolio companies, leveraging the expertise of its founder-GPs to provide mentorship, strategic guidance, and access to valuable resources.
What is the size of MAGIC Fund's current fund?
MAGIC Fund currently manages a total of $30 million in its second fund, which was raised in 2021.
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