About Foonie Magus
Foonie Magus is a company based in Singapore (Singapore) founded in 2021 by Gem Ng and Frank C. It operates as a Blockchain-as-a-Service, and Freemium. Foonie Magus has raised $10 million across 1 funding round from investors including Hashed, DeFiance Capital and Morningstar Ventures. Foonie Magus offers products and services including Acid Rain World: Gray Dawn and Apeiron. Foonie Magus operates in a competitive market with competitors including Xterio, Bling Financial, MARBLEX, Pomerium and Dubit, among others.
- Headquarter Singapore, Singapore
- Founders Gem Ng, Frank C
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Foonie Magus Pte Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Seed
Apr 26, 2022
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Investors
Hashed
& 4 more
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Employee Count
Employee Count
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Products & Services of Foonie Magus
Foonie Magus offers a comprehensive portfolio of products and services, including Acid Rain World: Gray Dawn and Apeiron. 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.
A grand strategy game in beta release stage.
First god game integrated with blockchain technology.
Funding Insights of Foonie Magus
Foonie Magus has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in April 2022. 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 — $10.0M
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First Round
First Round
(26 Apr 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Foonie Magus | Valuation | Hashed |
| 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 Foonie Magus
Foonie Magus has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Hashed, DeFiance Capital and Morningstar Ventures. 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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Venture capital fund focused on crypto-assets
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Founded Year | Domain | Location | |
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Crypto-native investment firm focusing on Web3, DeFi, gaming, and infrastructure assets globally.
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Founded Year | Domain | Location | |
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Morningstar Ventures is engaged in digital asset and blockchain investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Foonie Magus
| 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 - Foonie Magus
| 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 |
Foonie Magus Comparisons
Competitors of Foonie Magus
Foonie Magus 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 Xterio, Bling Financial, MARBLEX, Pomerium and Dubit, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer and publisher of games
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| domain | founded_year | HQ Location |
Blockchain-based casual puzzle games are developed for mobile devices.
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| domain | founded_year | HQ Location |
Blockchain-based casual games are provided via mobile platforms.
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| domain | founded_year | HQ Location |
Web-based play-to-earn games with NFT items are developed.
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| domain | founded_year | HQ Location |
Games for metaverse, kids, and eSports are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Foonie Magus
Frequently Asked Questions about Foonie Magus
When was Foonie Magus founded?
Foonie Magus was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Foonie Magus located?
Foonie Magus is headquartered in Singapore, Singapore.
Is Foonie Magus a funded company?
Foonie Magus is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Apr 26, 2022.
What does Foonie Magus do?
Foonie Magus is engaged in creating unique digital entertainment experiences through game development. The company is committed to integrating blockchain technology and metaverse elements into gaming, ensuring NFTs are exchangeable and usable. Specializing in grand strategy games, their portfolio includes Acid Rain World: Gray Dawn, a mobile MMO, and Apeiron, a pioneering god game on the blockchain. Their approach emphasizes modernizing genres with multimedia franchises while prioritizing gameplay and fun.
Who are the top competitors of Foonie Magus?
Foonie Magus's top competitors include Xterio, MARBLEX and Bling Financial.
What products or services does Foonie Magus offer?
Foonie Magus offers Acid Rain World: Gray Dawn and Apeiron.
Who are Foonie Magus's investors?
Foonie Magus has 5 investors. Key investors include Hashed, DeFiance Capital, Morningstar Ventures, Spartan Group, and DeFi Capital.