About MagicLab
MagicLab is a company based in London (United Kingdom) founded in 2006 was acquired by Blackstone in November 2019.. MagicLab offers products and services including Bumble App and Friendship Features. MagicLab operates in a competitive market with competitors including Tinder, Feeld, Adult Chat, MeetKing and ooOo, among others.
- Headquarter London, United Kingdom
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
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Acquired by
Blackstone
(Nov 08, 2019)
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Products & Services of MagicLab
MagicLab offers a comprehensive portfolio of products and services, including Bumble App and Friendship Features. 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.
App for online dating and forming equitable relationships.
Tools within app for building platonic relationships.
Funding Insights of MagicLab
| 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 |
Investors in MagicLab
MagicLab has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone. 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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Diversified investment management is provided across multiple asset classes.
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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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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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Investments & Acquisitions by MagicLab
| 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 - MagicLab
| 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 |
Magiclab Comparisons
Competitors of MagicLab
MagicLab 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 Tinder, Feeld, Adult Chat, MeetKing and ooOo, 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 |
Proximity-based online dating and matchmaking are facilitated through mobile swiping.
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| domain | founded_year | HQ Location |
A dating platform is offered for like-minded singles to connect.
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| domain | founded_year | HQ Location |
Offers an app-based dating platform driven by questionnaires.
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| domain | founded_year | HQ Location |
An app-based dating platform connecting singles for meaningful relationships.
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| domain | founded_year | HQ Location |
Free app for online dating, chatting, and making new friends.
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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 Magiclab
Frequently Asked Questions about MagicLab
When was MagicLab founded?
MagicLab was founded in 2006.
Where is MagicLab located?
MagicLab is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What does MagicLab do?
MagicLab was founded in 2006 in London, United Kingdom, with operations centered on the online dating sector. Dating platforms such as Bumble, an app for user connections; Badoo, a site integrating photo sharing and messaging; Lumen, targeted at singles; and Chappy, aimed at gay men, are developed by the company. Mobile apps are provided for Android and iOS devices, accessible via the domain magiclab.co. (68 words).
What products or services does MagicLab offer?
MagicLab offers Bumble App and Friendship Features.
Who are MagicLab's investors?
MagicLab has 1 investor. Key investors include Blackstone.
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