Magic Fund Raises $30 Million, to Give $100 – $300k Checks to Founders in Emerging Markets
MAGIC Fund, a global collective of founders that backs other founders to solve business challenges has announced a $30 Million Fund II raise to continue backing early-stage startups. A third of the fund was contributed by its founder Global Partners who share its unique vision and approach to supporting early-stage companies
With a proven track record and an expanded vision, the team at Magic is planning to use its new fund to back more early-stage companies. It announced that it will be writing checks between $100K and $300K in early-stage companies across different sectors and geographies.