# Luke Day

> Luke Day is Co-founder and General Partner at MAGIC Fund, a $30M seed-stage venture firm built on the conviction that the best founders want money from people who've built things themselves. Focused on gaming, metaverse, and sports investments, Day came up through engineering recruiting at Discord and Roblox before co-founding one of the few truly decentralized VC funds - a 12-partner, multi-continent operation where each GP invests autonomously from their own domain expertise. MAGIC Fund's portfolio spans 250+ startups across 30+ countries with one unicorn (Retool) and a reported 5x return on its debut fund.

- **Role:** Co-founder and General Partner at MAGIC Fund
- **Organizations:** MAGIC Fund, Roblox, Discord
- **Nationality:** American
- **Education:** Double major in Information Systems and Supply Chain Management, Arizona State University, W.P. Carey School of Business
- **Known for:** Co-founded MAGIC Fund, which delivered 5x returns on its debut $1.5M Fund I over 3 years, Helped build a 250+ company portfolio spanning 30+ countries, Backed Retool before it became a unicorn in 2021

## Career timeline

- **2017** — Co-founded MAGIC Fund with 11 other repeat founders, contributing personal capital to Fund I ($1.5M total)
- **2018** — Hired and assembled engineering teams at Discord
- **2019** — Joined Roblox in recruiting/talent acquisition role focused on engineering teams
- **2021-07** — MAGIC Fund announced $30M Fund II raise, growing from 70 to 110+ portfolio companies
- **2021** — Retool, a MAGIC Fund portfolio company, became a unicorn
- **2022-11** — Departed Roblox, focusing fully on MAGIC Fund as General Partner
- **2024** — MAGIC Fund Fund II surpassed 110 portfolio companies across 30+ countries
- **2026-01** — Mono (MAGIC Fund portfolio company) acquired by Flutterwave

## Achievements

- Co-founded MAGIC Fund, which delivered 5x returns on its debut $1.5M Fund I over 3 years
- Helped build a 250+ company portfolio spanning 30+ countries
- Backed Retool before it became a unicorn in 2021
- Helped structure one of VC's most genuinely decentralized fund models - 12 autonomous founder-GPs
- MAGIC Fund has seen 9 portfolio acquisitions to date
- Led fund raise of $30M for MAGIC Fund II, announced July 2021

## Latest updates

- **2026-01** — MAGIC Fund portfolio company Mono acquired by Flutterwave
- **2024-12** — MAGIC Fund II portfolio surpassed 110+ companies invested across 30+ countries
- **2021-07** — MAGIC Fund closed $30M Fund II, announced via TechCrunch

## Links

- Website: https://www.itslukeday.com
- LinkedIn: http://www.linkedin.com/in/daydayday
- Instagram: https://www.instagram.com/dayzings

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Profile page: https://yespress.io/luke-day
Published by YesPress — https://yespress.io
Last updated: 2026-05-18