MAGIC Fund

MAGIC Fund is a global, founder-built venture capital fund that invests at the pre-seed and seed stages. Its remit is early-stage company formation: it provides capital to entrepreneurs at the outset, alongside strategic support, experience and connections drawn from a network of founders and operators. The fund describes its approach as founders backing founders, with an emphasis on understanding the practical demands and uncertainty of building a company firsthand.

Over the last seven years the fund has supported more than 250 startups across 22 countries, indicating a portfolio built at volume and across geographies rather than concentrated in a single market. Sector coverage spans software, artificial intelligence, robotics and financial technology, with additional investments in financial services, healthcare, logistics and commerce. The stated ambition is to help ambitious teams tackle significant challenges and build new businesses.

For candidates, the relevant features are the fund's stage focus - pre-seed and seed - and the degree to which its value proposition rests on the network it can deploy on behalf of portfolio companies, rather than on capital alone. Team size and founding year are not disclosed. Further detail is available at https://www.magic.fund/.