MAGIC Fund announced that it has raised a $30 million Fund II to continue backing early-stage startups.

MAGIC Fund is a fund of micro-funds run by repeat founders who possess strong expertise in specific industries and geographies, with a keen focus on fintech, healthcare and emerging markets (Africa, LATAM, SE Asia).

MAGIC is a global collective of founders that backs other founders solving daunting challenges. Since debuting in 2017, they have invested in 70 companies through ...