MAGIC Fund
Investment Thesis
🌟 MAGIC Fund: Catalyst for African Tech Innovation 🌟 Empowering African startups with Pre-seed and Seed funding. Notable portfolio includes Eden Life, Voyance, Bamboo. Unique approach: 🚀 Early-stage focus to foster tech ecosystem growth 🌍 Pan-African reach, supporting startups across the continent 💡 Founder-friendly approach, nurturing entrepreneurial talent #AfricanTech #VCImpact #EmergingMarkets
Portfolio Preview
A sample from 22 verified portfolio companies.
Juicyway
With over $1.3 billion in transaction volume already, Juicyway is connecting Africa to the world and transforming global payments.
Klasha
Klasha is a Lagos-based startup which makes consumer goods online more accessible to customers across Africa.
Renda
Renda provides access to the end-to-end infrastructure which optimizes order fulfilment and enables businesss to easily scale across Africa.
Nestcoin
Nestcoin builds, operates and invests in crypto-native products for everyday people in frontier markets.
Payday
Payday is a Nigerian fintech startup which to enable swifts global payments for Africans.
Credable
Credable is connecting businesses to financial institutions to better serve the underbanked populations with products they need.
MAGIC Fund: quick facts
- Which startups has MAGIC Fund invested in?
- MAGIC Fund has backed at least 22 African startups, including Juicyway, Klasha, Renda, Nestcoin, Payday and 17 others.
- What stages does MAGIC Fund invest in?
- MAGIC Fund invests at the Pre-seed, Seed and Series A stages.
- Which sectors does MAGIC Fund invest in?
- Its portfolio spans FinTech, Financial Services, Internet, Food and Beverage, SaaS and Mobile Payments.
