Common Magic
Common Magic is a venture capital fund founded in 2023 by Sarah Drinkwater, based in London, England. The firm focuses on pre-seed and seed-stage investments, with a total fund size of approximately £10 million. Common Magic aims to support 30–35 startups primarily in Europe and the United States, investing between £100,000 and £150,000 in each. The firm specializes in backing companies that create products with community at their core. This includes platforms where user collaboration and engagement drive product value, such as enterprise software, AI tools, and community-driven consumer prod
Investing activity
Common Magic appears in 4 AI deals tracked by the AI Lounge deals desk. The rounds are mostly Pre-seed and Seed, with a median round size of $4M and the largest at $5M. The most recent are Embedd (Pre-seed, €2.31M, Aug 2026), Xylo (Pre-seed, £2.8M, Jul 2026) and Modern Relay (Seed, $2.9M (EUR 2.5M), Apr 2026).
Common Magic most often invests alongside Seedcamp, Underline Ventures, Cocoa Ventures and u.ventures, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Common Magic
What AI companies has Common Magic invested in?
Common Magic's AI investments include Embedd, Xylo, Modern Relay and Bounti. The 4 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Common Magic based?
Common Magic is based in Bengaluru, Karnataka, India.
What stage does Common Magic invest at?
In the rounds tracked on AI Lounge, Common Magic has invested at Pre-seed and Seed, with a median round of $4M.
Who does Common Magic co-invest with?
Common Magic's most frequent co-investors on AI Lounge are Seedcamp (1 deal), Underline Ventures (1 deal), Cocoa Ventures (1 deal), u.ventures (1 deal) and Roosh Ventures (1 deal).
How can founders reach Common Magic?
Founders on AI Lounge can see Common Magic's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Common Magic to their Investor Pipeline to track the conversation.