About Magify
Magify is a company based in Limassol (Cyprus) founded in 2008.. Magify has raised $1.1 million across 2 funding rounds from investors including Narwhal Accelerator. Magify offers products and services including Magify Analytics Platform, LiveOps Tools, and Payment Validation. Magify operates in a competitive market with competitors including Lysto, GameDriver, PlaytestCloud, Brainamics and Epoch ML, among others.
- Headquarter Limassol, Cyprus
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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 Magify Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.1 M (USD)
in 2 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Sep 11, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Magify
Magify offers a comprehensive portfolio of products and services, including Magify Analytics Platform, LiveOps Tools, and Payment Validation. 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.
Tool for predicting revenue and optimizing game performance data
Features for personalized offers and A/B testing in games
System to detect and eliminate fraudulent in-app purchases
Funding Insights of Magify
Magify has successfully raised a total of $1.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.1 million completed in September 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 2
- Last Round Seed — $1.1M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2024 | Amount | Seed - Magify | Valuation |
investors |
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| Jun, 2024 | Amount | Seed - Magify | Valuation |
investors |
| 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 Magify
Magify has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Narwhal Accelerator. 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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Narwhal Accelerator is focused on supporting gaming industry startups.
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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 Magify
| 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 - Magify
| 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 |
Magify Comparisons
Competitors of Magify
Magify 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 Lysto, GameDriver, PlaytestCloud, Brainamics and Epoch ML, 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 |
Game testing solutions are provided for studios and gamers.
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| domain | founded_year | HQ Location |
Video game testing and automation solutions are provided.
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| domain | founded_year | HQ Location |
Crowdsourced playtesting for mobile and browser games is facilitated.
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| domain | founded_year | HQ Location |
Game testing solutions are delivered using neurotechnology and machine learning.
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| domain | founded_year | HQ Location |
Game testing and zero-integration development platform are provided for games.
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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 Magify
Frequently Asked Questions about Magify
When was Magify founded?
Magify was founded in 2008 and raised its 1st funding round 16 years after it was founded.
Where is Magify located?
Magify is headquartered in Limassol, Cyprus.
Is Magify a funded company?
Magify is a funded company, having raised a total of $1.1M across 2 funding rounds to date.
What does Magify do?
Provider of analytics and testing tool for game developers. It offers features for game developers to validate in-game purchases directly on the server, ensuring transactions for players.
Who are the top competitors of Magify?
Magify's top competitors include Lysto, GameDriver and Epoch ML.
What products or services does Magify offer?
Magify offers Magify Analytics Platform, LiveOps Tools, and Payment Validation.
Who are Magify's investors?
Magify has 1 investor. Key investors include Narwhal Accelerator.