# Magic Fund

Magic Fund is a Venture Capital based in Grand Cayman, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Grand Cayman, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** magic.fund
- **LinkedIn:** https://www.linkedin.com/company/themagicfund
- **Wikidata:** Q6714198

## About

Magic Fund is an SEC-registered investment adviser based in Grand Cayman, established in 2025. It is registered with the SEC.

## Sectors

- FinTech
- Enterprise Software
- AI/ML
- Digital Health
- PropTech
- EdTech

## People

- Matt Greenleaf — Managing Partner
- Ricky Li — Managing Partner

## 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.

### 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.

## Related profiles

- [MagiCapital](https://altss.com/profile/magicapital)
- [Magic Hour](https://altss.com/profile/magic-hour)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/magic-fund

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