How to apply to Magic Fund as an African founder

TL;DR

Magic Fund invests in Fintech, Healthtech, SaaS, Enterprise, and E-commerce companies at Pre-Seed and Seed, writes cheques of $100K -- $300K, and takes applications through a direct online application.

Who Magic Fund is

Magic Fund is a Global (Africa, North America, Europe, Latin America, Southeast Asia) investor headquartered in San Francisco; Lagos. Its stated focus is Fintech, Healthtech, SaaS, Enterprise, and E-commerce. The thesis, in the fund's own words: Going back to how early-stage venture capital began: founders investing in other founders and supporting them through the journey.

On the ground, Magic Fund operates as a Pre-Seed and Seed investor with an Africa focus described as "Strong -- dedicated Africa GP, significant Nigerian and Kenyan portfolio". The fund's managing partner is Adegoke Olubusi, alongside Temi Marcella Awogboro (Co-Founder, Partner) and Dimeji Sofowora (General Partner).

What they invest in

Stages: Pre-Seed and Seed
Sectors: Fintech, Healthtech, SaaS, Enterprise, and E-commerce
Cheque size: $100K -- $300K
Geography focus: Global (Africa, North America, Europe, Latin America, Southeast Asia) / Strong -- dedicated Africa GP, significant Nigerian and Kenyan portfolio

How to apply

Apply directly at https://www.magic.fund/. That link is the fund's own application channel, listed in their Trampoline entry as of 2026-07-29. Fill out whatever the form asks for completely: skipped fields read as a rushed application, and a rushed application is an easy first-pass reject at any fund fielding more submissions than it can meaningfully review.

Portfolio pattern

Magic Fund's portfolio, as listed in their Trampoline fund page, includes:

Mono (Nigeria): Financial data API connecting apps to users' bank accounts
Bamboo (Nigeria): Investment platform giving Africans access to global securities
Juicyway (Nigeria): Global payments platform processing $1.3B+ connecting Africa to international markets
Klasha (Nigeria): Cross-border e-commerce making consumer goods accessible across Africa
Indicina (Nigeria): Credit infrastructure and decisioning tools for lenders

That spread gives you a sense of what a real check from Magic Fund has funded, not just what the thesis claims it funds.

Before you apply

Have these ready before you reach out:

Deck: Check your readiness first so you know where the gaps are
Metrics dashboard: Set up your metrics dashboard so you can show real traction, not slides
Cap table
A one-line description of what your company does

FAQ

Does Magic Fund invest in Fintech?

Yes. Fintech is listed among Magic Fund's stated sector focus areas.

What stage does Magic Fund typically write cheques at?

Magic Fund invests at Pre-Seed and Seed, with cheque sizes of $100K -- $300K.

Do you need a warm intro to apply to Magic Fund?

No. Magic Fund takes applications through a form on their website, so a warm intro is not required to apply, though it can still help your submission stand out.

Does Magic Fund invest outside Global (Africa, North America, Europe, Latin America, Southeast Asia)?

Magic Fund's Africa focus is described as "Strong -- dedicated Africa GP, significant Nigerian and Kenyan portfolio". Check the full fund profile for the exact geographic boundaries before you apply.

Is Magic Fund a remote or in-person fund?

Magic Fund's format is listed as Direct investment (no accelerator).