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AppMagic secures $3m in funding round

Usa China Japan city Gem business Funding

23.07.2024 - 13:32

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gamesindustry.biz:

AppMagic has raised $3 million in a series A funding round led by GEM Capital.

The investment company contributed $2.5 million to the mobile market intelligence tool, while venture fund Vibranium provided $500 million.

The funding will support research and development in AppMagic's software, and will be used to establish new sales teams for the US, China, Korea, and Japan.

"AppMagic remains committed to developing a user-friendly, full-spectrum toolset for mobile app market research," said AppMagic CEO and founder Mark Samorukov. "This investment will accelerate our product development, adding new types of data and increasing its accuracy.

"We also continue to support smaller companies and developer communities with very flexible pricing and rich functionality accessible for free."

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