AppMagic has successfully raised $3 million in a Series A funding round led by GEM Capital. This investment might position AppMagic for substantial growth, leveraging the market dynamics following the Sensor Tower-Data.ai merger.
The funding, which includes $2.5 million from GEM Capital and $500,000 from Vibranium, will support research and development, as well as the establishment of sales teams in key markets such as the US, China, Korea, and Japan.
“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,” said Kirill Gurskiy, Managing Director of GEM Capital. “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 capitalize on its strengths. We are excited to support Max and his team in this promising venture.”
About AppMagic
Founded in 2016 by Max Samorukov, AppMagic has rapidly advanced in market analytics. With seed funding from RoasUp, the company developed tools like the 'Success Meter' for identifying hit market segments and the 'Live-Ops' analysis tool for game retention and monetization insights. Serving over 250 global clients, including Google, AppMagic has established a reputation for delivering actionable insights.
"This investment from GEM Capital will accelerate our product development and global presence," said CEO Max Samorukov. "We remain committed to supporting smaller companies and developer communities with flexible pricing and rich functionality."
About GEM Capital
Founded in 2017 by Anatoliy Paliy, GEM Capital is a leading gaming-focused investor based in Cyprus. With a recent $50 million raise for 2024 and 2025, GEM Capital manages a $150 million portfolio supporting over 25 companies globally. Recognized by InvestGame and nominated for Investor of the Year at the MENA Games Industry Awards 2024, GEM Capital is a key player in the industry.
About Vibranium.VC
Vibranium.VC is a Silicon Valley-based venture fund focusing on early-stage SaaS and AI startups with US headquarters.