Magic Fund
Magic Fund is a venture capital firm focused on early-stage investments in startups. Founded in 2017 and based in Los Angeles, California, the firm seeks opportunities across several regions, including Africa, Europe, Latin America, North America, and Southeast Asia. It typically writes checks ranging from US$0.1 million to US$0.3 million to support pre-seed and seed-stage companies. The firm emphasizes founder-led, domain-specific expertise and operates as a network of micro-funds guided by repeat founders with experience in particular industries and geographies to help portfolio companies scale.
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Past deals in Maine
Wallit
Seed Round in 2022
Wallit operates as a rewards-based savings platform for families with teens. It offers an account aggregator that links users' checking and savings accounts, displaying combined balances. Wallit partners with financial institutions to offer rewards for achieving savings goals or completing tasks. Founded in 2016, the company is headquartered in Westbrook, Maine.
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