# Magic Ventures

Magic Ventures is a Venture Capital based in Fremont, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Fremont, United States
- **Region:** North America
- **Address:** Fremont, CA, United States
- **Founded:** 2015
- **Assets under management:** <$100M (Altss estimate)
- **Website:** www.magic.vc

## Regulatory record

- **Reports private funds:** No

## About

Magic Ventures is a company based in Las Vegas, Nevada. It creates custom magic illusions for the entertainment industry. The firm provides illusions for corporate gatherings, headline shows, and cruise ship performances.

## Sectors

- AI/ML
- Enterprise Software
- Industrial Tech
- Robotics & Automation
- ClimateTech

## People

- Matt Kraning — Managing Partner & Co-Founder
- Chris Yeh — General Partner & Co-Founder

## Questions

### Who runs investment decisions at Magic Ventures?

Matt Kraning serves as Managing Partner and makes final investment committee decisions alongside General Partner Chris Yeh. Kraning holds a PhD in optimization and machine learning from Stanford and previously served as the CTO of Qadium, the wide-area network analytics company acquired by a major defense contractor. The investment team operates as a flat structure with all members contributing to technical due diligence.

### How does Magic Ventures source proprietary deal flow?

The firm sources heavily through Stanford's engineering and AI research ecosystem, leveraging Kraning's network from his doctoral work and Qadium tenure. Portfolio founders frequently introduce subsequent deals, with Shield AI and Astranis both traceable to repeat founder relationships. Magic Ventures also co-develops proof-of-concept reference architectures with technical founders before leading seed rounds, creating a sourcing pipeline that originates before any competitive process begins.

### Which sectors does Magic Ventures focus on?

Magic Ventures concentrates on frontier technology sectors where algorithmic systems meet physical-world infrastructure: autonomous systems and robotics, orbital and space infrastructure, machine intelligence, and advanced manufacturing. The firm has publicly confirmed investments in defense autonomy (Shield AI), satellite broadband (Astranis), and robotic fabrication (Machina Labs). Consumer internet, enterprise SaaS without hardware components, and biotech are excluded from the firm's documented investment activity.

### Does Magic Ventures maintain separate investment vehicles for different strategies?

Magic Ventures has not launched opportunity funds, growth vehicles, or sector-specific side funds. The firm operates through sequentially numbered core funds — Magic Fund I (2016, approximately $10 million) and subsequent undisclosed vehicles. All frontier-tech investments run through the same pooled vehicle, with general partners co-investing their own technical and financial capital alongside LPs in a single unified strategy.

## Related profiles

- [Magic Hour](https://altss.com/profile/magic-hour)
- [Magma Partners](https://altss.com/profile/magma-partners)

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

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

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