About Bitmagic
Bitmagic is a company based in Helsinki (Finland) founded in 2021 by Markus Hjort, Markus Kiukkonen, Juhana Wirtanen, and Jani Penttinen.. Bitmagic has raised $4 million across 1 funding round from investors including Supercell, Korea Investment Partners and Sisu. Bitmagic offers products and services including Bitmagic Mini. Bitmagic operates in a competitive market with competitors including Nexon, Take-Two Interactive, Atari, Playrix and Nintendo, among others.
- Headquarter Helsinki, Finland
- Founders Markus Hjort, Markus Kiukkonen, Juhana Wirtanen, Jani Penttinen
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Bitmagic Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Jul 05, 2024
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Investors
Supercell
& 2 more
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Employee Count
Employee Count
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Products & Services of Bitmagic
Bitmagic offers a comprehensive portfolio of products and services, including Bitmagic Mini. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Web app that generates and plays AI-created mini games instantly.
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Funding Insights of Bitmagic
Bitmagic has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.0M
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First Round
First Round
(05 Jul 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Seed - Bitmagic | Valuation | Korea Investment Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bitmagic
Bitmagic has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Supercell, Korea Investment Partners and Sisu. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Mid-core mobile games are developed for iOS and Android platforms.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bitmagic
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bitmagic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitmagic Comparisons
Competitors of Bitmagic
Bitmagic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nexon, Take-Two Interactive, Atari, Playrix and Nintendo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Nexon is recognized as a leading developer of online games.
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Video games for PC and console platforms are developed.
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Developer and publisher of casual casino PC games
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Casual video games are developed for mobile and PC platforms.
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Nintendo is recognized for developing gaming consoles and software.
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Developer of PC and mobile-based games
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitmagic
Frequently Asked Questions about Bitmagic
When was Bitmagic founded?
Bitmagic was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is Bitmagic located?
Bitmagic is headquartered in Helsinki, Finland.
Who is the current CEO of Bitmagic?
Jani Penttinen is the current CEO of Bitmagic. They have also founded this company.
Is Bitmagic a funded company?
Bitmagic is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Jul 05, 2024.
What does Bitmagic do?
Developer of AI-powered game creation platform. It provides a WebGL game engine that generates animated characters, environments, and unique missions based on user prompts. Users can create mini-games directly in their browser, utilizing AI to design their own worlds and characters. The platform offers an evolving game experience and encourages community interaction through feedback and collaborative design. A leaderboard will soon allow users to showcase their creations.
Who are the top competitors of Bitmagic?
Bitmagic's top competitors include Nexon, Playrix and Take-Two Interactive.
What products or services does Bitmagic offer?
Bitmagic offers Bitmagic Mini.
Who are Bitmagic's investors?
Bitmagic has 3 investors. Key investors include Supercell, Korea Investment Partners, and Sisu.