Adegoke Olubusi

Managing Partner, MAGIC Fund
Adegoke Olubusi used his Helium Health experience scaling across Africa to back foundational software founders in emerging markets, bridging overlooked entrepreneurs with proof of grit to global investor groups.
How to contact Adegoke Olubusi
Stages their fund invests in
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Sectors their fund invests in
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Avg Check
$50K - $5M
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Does their fund Lead?
No
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Geos their fund invests in
USA, Africa, LatAm, Asia-Pacific
Adegoke Olubusi
Stages their fund invests in
N/A
Sectors their fund invests in
Fintech
SaaS
Health
Enterprise
AI
N/A
Avg Check
$50K - $5M
N/A
Leads?
No
N/A
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About Adegoke Olubusi

Adegoke Olubusi is a Nigerian-born venture capital investor at MAGIC Fund who co-founded and scaled Helium Health across multiple African countries, giving him rare hands-on experience with healthcare infrastructure that he now uses to back founders building foundational software tools in emerging markets. He explicitly focuses on bridging the gap between African founders and global capital by backing overlooked entrepreneurs who demonstrate "proof of grit" through competitions and early traction in challenging environments, while serving as a cultural translator for founders raising from mixed African, U.S., European, and Gulf investor groups. 

Adegoke Olubusi's Interests

What they've been talking about across their social media accounts
  • Emphasizes internal fortitude and self-awareness, frequently sharing philosophical thoughts on how struggle contributes to personal growth and why seeking external validation is a trap. He suggests that those who worry too much about the opinions of others become enslaved to them and encourages maintaining a personal code of conduct.
  • Values the human element of company building over pure skill, explicitly stating that trust is more important than competence when working with others. He also acknowledges the extreme emotional highs and lows founders face, from cofounder friction and the exhaustion of remote work across time zones to the mix of stress and excitement that comes with launching something new.
  • Connects life lessons to entertainment and media, finding deep wisdom in animated series like Avatar The Last Airbender regarding hope and persistence during dark times. He also engages enthusiastically with Marvel content, appreciating specific acting performances and cultural commentary within shows like The Falcon and the Winter Soldier.
  • Appreciates the power of conviction in the next generation, noting that a young person with a clear and strong vision is a formidable force to be reckoned with. He champions those who have the audacity to dream regardless of whether others think they are ready or qualified.
  • Maintains a perspective grounded in spirituality, often attributing success and protection to a higher power or citing scripture to frame business opportunities and challenges.
  • Highlights the innovation within the African tech ecosystem, drawing comparisons between local solutions like M-Pesa and Western counterparts to showcase the unique market dynamics of the region.

About their Fund

Sectors
Fintech, SaaS, Health, Enterprise, AI
Rounds
Seed - Series A
Avg Check Size
$50K - $5M

MAGIC Fund operates as a "fund of micro-funds" run by repeat founders, with 10-12+ founder-GPs distributed across regions like Africa, LatAm, US, Europe, and Asia, rather than using a single centralized partnership structure. They built this model on the thesis that "smaller funds run by founders perform best" at pre-seed/seed stage, deliberately keeping check sizes small and empowering many founder-GPs instead of growing into a traditional large VC platform.

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