Opportunity for Early-Stage Startups - MAGIC Fund Raises $30 million - Curzon PR London Strategic Public Relations

Opportunity for Early-Stage Startups – MAGIC Fund Raises $30 million

Opportunity for Early-Stage Startups – MAGIC Fund Raises $30 million

14 July 2021

A global collective of founders backing founders across Africa, Europe, Latin America, North America, and Southeast Asia with a $30 Million Fund.

Since MAGIC Fund launched in 2017, it has invested in 70 companies at pre-seed and seed stages globally including Retool, Novo, Payfazz, Mono and  Bamboo.  MAGIC Fund 2 will support early-stage startups globally, with funding between $100,000 and $300,000. The firm’s focus will be on Fintech, healthcare, Software as a Service (SaaS) and enterprise, women’s health, and developer tools.

MAGIC Fund has 12 founders who act as general partners and Its Africa-focused investments will be overseen by Kauffman Fellow and founder GP, Temi Marcella Awogboro, who is also a Partner in MAGIC’s investments in Healthcare, Fintech and female founders cohorts.

“Driven by my belief in the central role of technology in bridging the gap between emerging and developed nations. I have been privileged to operate at the intersection of healthcare, finance, technology. I am passionate about investing in and nurturing revolutionary companies that will emerge as today’s regional champions and tomorrow’s global challengers.” Awogboro said. 

MAGIC Fund’s support for these startups will go beyond money. Each partner is able to provide value by leveraging their unique experience and network. guiding them through the discovery of product-market fit, facilitate introductions, and support with expansion into new regions, strategy, marketing, fundraising, and strategic hiring.

Magic Fund is accepting pitches from founders through their website.

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About MAGIC Fund

Founded in 2017, MAGIC Fund is an early-stage fund built on the thesis that smaller funds run by diverse founders perform best at early-stage investing (pre-seed/seed). We’re a fund of micro-funds run by repeat founders who possess strong expertise in specific industries and geographies, with a keen focus on fintech, healthcare, and emerging markets (Africa, LATAM, SE Asia). Find out more at www.magic.fund.

About Temi Marcella Awogboro

Temi Marcella Awogboro is a leading investment professional and executive with over 15 years of experience in developed and growth markets across sectors including technology, healthcare, and financial services. She is often described as a pioneer and change agent as she seeks to unlock the power of capital as a catalyst for transforming lives through her work.  Temi is a Founding Partner with the Magic Fund and Kairos Angels.