Fundz

Magify raised €1M from Steam Power Investments to enhance AI features and support product development for its gaming analytics platform.

PRIVATESep 11, 2024

Amount Raised

€1 Million

Round Type

Seed

LimassolSoftwareAnalytics

Investors

Steam Power Investments

Description

Magify, a Cyprus-based Business Intelligence and LiveOps platform, has secured €1 million in funding to further develop its product and expand into new markets. This investment from Steam Power Investments will support enhancements in AI and product features.

Quick answer

Magify raised €1 Million in a Seed round, dated September 11, 2024. Investors: Steam Power Investments. Magify is based in Limassol, Cyprus, Cyprus.

How much did Magify raise?
Magify raised €1 Million in a Seed round on September 11, 2024.
Who invested in Magify?
Steam Power Investments is named as investors in this round.
What does Magify do?
Magify is a Cyprus-based Business Intelligence and LiveOps platform designed for game developers.
Where is Magify based and how big is it?
Magify is based in Limassol, Cyprus, Cyprus.
Who are the decision-makers at Magify?
Fundz holds 1 contact at Magify. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Analytics and Software around the same time

Companies in the same sectors as Magify that raised within 45 days of this round, from Fundz verified event records.

  • Simbe Robotics raised $50M (Series C) on October 24, 2024.
  • Onesurance raised an undisclosed amount (Seed) on October 17, 2024.
  • Edgee raised $2.9M (Pre-Seed) on October 17, 2024.
  • Enlitic raised $950K (Seed) on October 16, 2024.
  • Simbe Robotics raised $48M on October 15, 2024.
  • MiLaboratories raised $10M (Series A) on October 10, 2024.

Who to call at Magify, and when

A new round usually means Magify is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Magify, from your own LinkedIn network

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Company Information

Company

Magify

Location

Limassol, Cyprus, Cyprus

About

Magify is a Cyprus-based Business Intelligence and LiveOps platform designed for game developers. It offers a pay-as-you-go, end-to-end solution that integrates advanced analytics tools to optimize game performance and player engagement. The platform simplifies financial planning, user segmentation, and product development, resulting in significant cost savings for studios. Founded by Evgeniy Kurenkov, Magify aims to empower game studios of all sizes to compete effectively in the market.

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Magify raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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