MAGIC Fund
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E-commerce
Bumpa Raises $4 Million to Facilitate Production, Profitability for SMEs
The fund will fast-track Bumpa’s goal to build the future of commerce for African sellers. Other investors who participated in…
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Funding
Vendease Raises $30m to Transform Business Operations for Restaurants across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business…
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GFA Spotlight
GFA Spotlight: MAGIC Fund
One of the most main challenges that entrepreneurs face is a lack of capital. Entrepreneurship is significantly influenced by access…
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Funding
Mauritius Based Kuunda Completes Seed Funding Round With USD 2.25 Million Led by Accion Venture Lab
Kuunda provides liquidity to the informal sector through its liquidity API, and proprietary credit scoring algorithms, to generate behavioral and…
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Funding
VeendHQ Raises a Total of $330,000 in Pre-Seed Funding
We are excited to announce that we hit yet another milestone this quarter. We have raised a US$330,000 pre-seed fund.…
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Funding
Egyptian health-tech startup, Bypa-ss, secures US$1mn in a pre-Seed funding round
Egypt-based health-tech startup Bypa-ss has secured a US$1mn round from Egyptian and foreign investors to accelerate its drive to improve…
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Venture Capital Firm, MAGIC Fund receives $30mn Funding To Support Early-Stage Startups Globally
MAGIC Fund — a global collective of founders — has announced that it raised $30mn to continue its mission of backing early-stage startups around…
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