The Magic Of Diversity
If there’s magic in MAGIC Fund, it’s in three things: the Fund’s diversity, network, and global presence.
The brainchild of Managing Partner, Adegoke Olubusi, MAGIC Fund is much more than a VC fund. It’s a Global Founders Fund that finds pre-seed and seed-stage startups in North America, Africa, Europe, Asia, and Latin America then uses the partners’ financial and intellectual resources to help those companies grow and prosper.
Each of the partners in MAGIC Fund is a founder themselves and has run a successful company from startup. They know what it takes to build and scale a business – the idea, the plan, the team, the leadership, the grit. They commit their money, time, experience, and knowledge to the startups they invest in. This provides the startups with exceptional strategic insights to overcome hurdles they will eventually face in their journeys. This model also attracts more great startups to the fund as founders seek out experienced founders for advice.
For investors, like YC’s Micheal Siebel and Tim Draper, who are already signed up as LPs, the benefits are two-fold. They get access to a broad portfolio of technology-based startups from around the world. With a single investment, investors participate in 100+ deals for their Fund 2.
The second and potentially more important benefit is fund investors get first access when the MAGIC Fund’s companies go to follow-on rounds; Series A, B, and more.
In Fund 1, 70 companies were invested in and supported by the fund’s partners which led to exceptional performance for the fund; a 4.74x Multiple on Invested Capital and 85.40% Internal Rate of Return. In addition, one in three Fund 1 companies have gone on to raise A and B rounds.
Diversity is a key tenet of MAGIC Fund, not just in the companies represented, but the partners themselves. The men and women hail from all regions of our world including North America, Asia, Africa, Europe, and Latin America. With partners like Payfazz’s Hendra Kwik, Temi Marcella Awogboro, and Micheal Lisovetsky, who lead investments in South East Asia, Africa, and US Fintech companies, respectively. They are able to invest in companies in a wide range of sectors including Healthcare, Fintech, E-commerce, Gaming, Biotech, and more.
Contact FORCE Family Office for more information about MAGIC Fund and we’ll put you in touch with the partners who can further explain the benefits of investing in their vision.
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