# MAGIC Fund

> MAGIC Fund is a VC fund backing FinTech and Financial Services. See 216 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Los Angeles, United States
- Total investments: 216
- Last investment: Mar 2026
- Lead investor: 3%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/themagicfund/
- Website: https://magic.fund

MAGIC Fund is a VC fund in Los Angeles focused on FinTech and Financial Services. Magic Fund is built on a thesis that smaller funds run by founders perform best in early-stage investing (pre-seed/seed). We're a fund of micro-funds run by repeat founders with strong expertise in specific industries and geographies.

## Contacts

5 contacts available for MAGIC Fund. Shizune tracks 11 team members at MAGIC Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/magic-carpet?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 41 | 19% |
| Financial Services | 40 | 19% |
| Software | 36 | 17% |
| Health Care | 24 | 11% |
| Information Technology | 17 | 8% |

200 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 114 | 53% |
| Pre-Seed | 55 | 25% |
| Series A | 7 | 3% |
| Series B | 3 | 1% |
| Funding Round | 3 | 1% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 88 | 41% |
| Nigeria | 16 | 7% |
| India | 9 | 4% |
| Colombia | 6 | 3% |
| Indonesia | 5 | 2% |

24 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Adeel Yang | General Partner | 0 | https://shizune.co/investors/profile/adeel-yang |
| Adegoke Olubusi | Managing Partner | 6 | https://shizune.co/investors/profile/adegoke-olubusi |
| Alison Cheung | General Partner | 0 | https://shizune.co/investors/profile/alison-cheung |
| Dimeji Sofowora | General Partner | 4 | https://shizune.co/investors/profile/dimeji-sofowora |
| Elvis Zhang | General Partner | 1 | https://shizune.co/investors/profile/elvis-zhang |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MicroSky Technology |  |  | Seed | Mar 24, 2026 |  |
| Gen AI Last | Gen AI Last is a technology company that specializes in leveraging the power of artificial intelligence to revolutionize content creation. At the heart of Gen AI Last mission is the development of a cutting-edge AI content creator tool designed to assist businesses, marketers, writers, and creative professionals in generating high-quality,engaging, and contextually relevant content with unprecedented efficiency. | $550K | Seed | Mar 01, 2026 |  |
| ZZ Driggs | ZZ Driggs creates, designs, crafts, and restores furniture, creating a solution to an industry that urgently requires change. Since its inception in 2014 in Brooklyn, New York, ZZ Driggs keep ranges from the designers and fabricators who construct the furniture in their library of design, to the master woodworkers, to the expert upholsterers, tothe true — and often overlooked — historians who supply their collectible and antique works. |  | Seed | Dec 19, 2024 |  |
| Juicyway | Juice is a developer of a payment network platform for cross-border business payments for businesses and individuals. It facilitates financial transactions between parties regardless of location to allow enterprises to participate in international trade and the exchange of goods and services. | $3M | Pre-Seed | Dec 16, 2024 |  |
| Klasha | Klasha is a global technology company, building a platform and APIs to move money to and from emerging markets frictionlessly. With Klasha, businesses can collect, send money and hold exotic and hard currencies through our extensive API stack. Enterprise businesses use our rails and infrastructure to power their cross-border payments. Founded in2021 by Jess Anuna, Klasha collects and sends over 120 currencies, saving merchants time and money. | $2M | Seed | Oct 16, 2024 |  |
| Renda | Renda facilitating the development and operation of e-commerce companies. No part of our physical infrastructure or technological platform that is designed for your e-commerce firm is off-limits. | $1.3M | Pre-Seed | May 02, 2024 |  |
| LunaJoy | LunaJoy helps women access mental care through virtual therapy, counseling, and medication management services. The company provides online women's holistic mental health counseling and therapy provided by licensed mental health counselors and therapists. It connects patients with medical providers who can virtually assess their needs andprovide a variety of care options, such as holistic therapy, psychiatry, and mental health coaching, all over the phone or via video call. LunaJoy allows users receive one on one telemedicine sessions, wellness tools, and a holistic care plan that’s designed for them, as well as 24/7 access to the company's care navigation team. | $4.2M | Seed | Apr 16, 2024 |  |
| Axle Health | Axle Health provides scheduling and workforce management software for home health care providers. The Axle platform includes a mobile app for clinicians, an operations dashboard for office teams, proprietary logistics algorithms to optimize scheduling, and a patient engagement and booking solution. Axle is integrated with a wide range of EMRs, andthe entire Axle product can be customized and accessed modularly via API. Some of the biggest home health care providers in the country use Axle’s software to improve the utilization of their clinical teams, and automate the operational burden of scheduling and dispatching. | $1.6M | Seed | Feb 22, 2024 |  |
| Eleos | Eleos is rebuilding insurance from the ground up to give individuals and families the cover they need, quickly and painlessly. Eleos makes protecting their finances affordable, inclusive and less intimidating. | $805K | Pre-Seed | Oct 31, 2023 |  |
| Eleos | Eleos is rebuilding insurance from the ground up to give individuals and families the cover they need, quickly and painlessly. Eleos makes protecting their finances affordable, inclusive and less intimidating. | $747.4K | Angel | Oct 31, 2023 |  |

10 of 216 investments shown.

## Co-investors
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 25 deals together
- [2am VC](https://shizune.co/investors/profile/2-am-ventures) — VC Fund, 13 deals together
- [Hustle Fund](https://shizune.co/investors/profile/hustle-fund) — VC Fund, 12 deals together
- [Goodwater Capital](https://shizune.co/investors/profile/goodwater-capital) — VC Fund, 11 deals together
- [Soma Capital](https://shizune.co/investors/profile/soma-capital) — VC Fund, 11 deals together
- [Ventures Platform](https://shizune.co/investors/profile/ventures-platform) — VC Fund, 11 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does MAGIC Fund invest in?

MAGIC Fund invests primarily in FinTech, Financial Services and Software startups, most often at Seed and Pre-Seed stage. Most of the 216 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact MAGIC Fund?

Public channels for MAGIC Fund include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at MAGIC Fund?

The team at MAGIC Fund includes Adeel Yang (General Partner), Adegoke Olubusi (Managing Partner) and Alison Cheung (General Partner), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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