Updated:
Magic Fund
Magic Fund is a venture capital based in Grand Cayman, founded 2017; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
Magic Fund
Magic Fund is an SEC-registered investment adviser based in Grand Cayman, established in 2025. It is registered with the SEC.
General information
Firm type
Venture Capital
Year founded
2017
Location
Region
North America
Country
United States
City
Grand Cayman
Corporate office
Los Angeles, CA, United States
Principals
Matt Greenleaf
Managing Partner
Ricky Li
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Magic Fund?
Managing Partners Matt Greenleaf and Ricky Li lead investment decisions. Greenleaf handles day-to-day operations and pipeline review, while Li, based in Asia, covers deal flow across emerging markets. The firm operates with a flat partnership structure where both founders share final authority on commitments.
How does Magic Fund source proprietary deal flow?
The firm sources through a combination of accelerator relationships, syndicate networks, and founder referrals. Magic Fund's high-volume model means it sees significant incoming deal flow as a known active seed-stage investor. The firm also reviews companies passing through Y Combinator and similar programs where batch investing is common.
What investment stages does Magic Fund typically target?
Magic Fund exclusively targets pre-seed and seed-stage companies. The firm writes initial checks ranging from $40,000 to $300,000 and typically participates in rounds alongside other seed funds, angels, and accelerators. There is no indication of Series A or growth-stage activity.
Does Magic Fund participate in fund commitments or only direct deals?
Magic Fund makes direct equity investments into startup companies. There is no public evidence that the firm commits capital as a limited partner into other venture funds, operating instead as an entirely direct-investment vehicle.
Which sectors and geographies does Magic Fund focus on?
The firm is sector-agnostic across technology verticals, with confirmed positions in fintech, enterprise software, AI/ML, digital health, and propTech. Geographically, Magic Fund invests across the United States, Africa, Latin America, and Southeast Asia, with no single dominant region.
How is Magic Fund structured — is it a single fund or multiple vehicles?
Magic Fund launched with a $10 million debut vehicle in 2017 and has since raised additional fund structures, though specific fund sizes beyond the debut raise are not publicly confirmed. The partnership operates under the Magic Fund brand with a single investment strategy across vehicles.
What is Magic Fund's known posture on co-investments alongside external GPs?
Magic Fund routinely co-invests alongside other seed-stage investors, accelerators, and angel syndicates. The firm's small check size makes syndicated rounds the default format. Known co-investor relationships include participation alongside Y Combinator-backed cohorts and Pioneer Fund portfolio companies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on venture capital firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: