MAGIC Fund races into Q3 with $30M fund Pic: Magical team behind MAGIC FUND What better way to enter the second half of 2021 than to announce the closing of a $30mm fund? That is the story of MAGIC Fund, which announced it closed its second fund of $30mm today. MAGIC Fund is a global collective of founders who back early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia.