AppMagic Secures $3m Investment

AppMagic Secures $3m Investment

Investments

23 July 2024 14:26

AppMagic, founded in 2016 by Max Samorukov, has secured $3m in a Series A funding round led by GEM Capital, with a $2.5m investment, and additional funding of $500m from Vibranium. The company specializes in providing comprehensive data insights for apps and games, encompassing revenue and download estimates, app rankings, global and regional market analysis, ad intelligence, and live operations analytics.

According to the release, the funding will primarily support AppMagic's research and development efforts to enhance its platform with new features. Additionally, the company intends to expand its presence by establishing dedicated sales teams in key app markets across the US, China, South Korea, and Japan.

More:Alpine Esports Rebrands

Max Samorukov, who previously served as Chief Product Officer at mobile games publisher Crazy Panda, leads AppMagic. GEM Capital MD Kirill Gurskiy stated “We were impressed with what AppMagic has achieved with just $200k in seed funding. They became the third-largest mobile market intelligence tool by number of clients. As AppMagic users ourselves, we believe it is the best product on the market in terms of UI/UX. The simplicity and ease of use, combined with the depth and complexity of its analysis, are unparalleled. The recent Sensor Tower and data.ai deal opens a window of opportunity for AppMagic to capitalise on its strengths. We are excited to support Max and his team in this promising venture.”

Tags: AppMagic

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Blue Ocean Games Reveals New Fund

Blue Ocean Games, has officially launched with a $30 million investment fund aimed at supporting indie game developers at the...

Investments

Apr 23, 2025

Motorsport Games Receives $2.5m Investment

Motorsport Games has announced a strategic investment worth $2.5 million (~£1.8 million), led by Delaware-based virtual reality (VR) technology...

Investments

Apr 16, 2025

Kameha Ventures Reveals New Fund

Kameha Ventures has launched a €25 million ($27 million) fund aimed at supporting early-stage startups in the games technology sector. The...

Investments

Apr 01, 2025

Tencent Invests $1.25B in Ubisoft

Ubisoft has announced a significant step in its transformation, following a $1.25B investment from Chinese tech giant Tencent. This move...

Investments

Mar 28, 2025

G2 Secures Series B Investment Round

G2 Esports has successfully closed a seven-figure Series B funding round, marking a significant milestone as the organization approaches...

Business

Mar 20, 2025

AppMagic Secures $3m Investment

Investments

23 July 2024 14:26

Tags: AppMagic

AppMagic, founded in 2016 by Max Samorukov, has secured $3m in a Series A funding round led by GEM Capital, with a $2.5m investment, and additional funding of $500m from Vibranium. The company specializes in providing comprehensive data insights for apps and games, encompassing revenue and download estimates, app rankings, global and regional market analysis, ad intelligence, and live operations analytics.

According to the release, the funding will primarily support AppMagic's research and development efforts to enhance its platform with new features. Additionally, the company intends to expand its presence by establishing dedicated sales teams in key app markets across the US, China, South Korea, and Japan.

More:Alpine Esports Rebrands

Max Samorukov, who previously served as Chief Product Officer at mobile games publisher Crazy Panda, leads AppMagic. GEM Capital MD Kirill Gurskiy stated “We were impressed with what AppMagic has achieved with just $200k in seed funding. They became the third-largest mobile market intelligence tool by number of clients. As AppMagic users ourselves, we believe it is the best product on the market in terms of UI/UX. The simplicity and ease of use, combined with the depth and complexity of its analysis, are unparalleled. The recent Sensor Tower and data.ai deal opens a window of opportunity for AppMagic to capitalise on its strengths. We are excited to support Max and his team in this promising venture.”

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Blue Ocean Games Reveals New Fund

Blue Ocean Games, has officially launched with a $30 million investment fund aimed at supporting indie game developers at the...

Investments

Apr 23, 2025

Motorsport Games Receives $2.5m Investment

Motorsport Games has announced a strategic investment worth $2.5 million (~£1.8 million), led by Delaware-based virtual reality (VR) technology...

Investments

Apr 16, 2025

Kameha Ventures Reveals New Fund

Kameha Ventures has launched a €25 million ($27 million) fund aimed at supporting early-stage startups in the games technology sector. The...

Investments

Apr 01, 2025

Tencent Invests $1.25B in Ubisoft

Ubisoft has announced a significant step in its transformation, following a $1.25B investment from Chinese tech giant Tencent. This move...

Investments

Mar 28, 2025

G2 Secures Series B Investment Round

G2 Esports has successfully closed a seven-figure Series B funding round, marking a significant milestone as the organization approaches...

Business

Mar 20, 2025