Magic Fund closes $30m second vehicle, backs four Asian startups in last three months
Photo: Alexander Schimmeck / Unsplash
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Magic Fund, a global venture fund established by a collective of founders-turned-investors, has closed its second vehicle at around $30 million, its Southeast Asia general partner Hendra Kwik told DealStreetAsia.
Besides other geographies, the fund will target startups in South and Southeast Asia, said Hendra adding that Magic Fund recently made four investments in Asia in the last three months
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