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MagicLab
MagicLab is a company that owns and operates popular dating and social networking platforms like Badoo, Bumble, Chappy, and Lumen.
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Financials
Funding Rounds1
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Their latest funding was raised on 01.01.2008. Their latest investor FinSight Ventures. Their latest round Series A
FinSight Ventures
FinSight is a global VC firm focused on FinTech and enterprise IT.
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FinSight Ventures
FinSight is a global VC firm focused on FinTech and enterprise IT.
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Victor Remsha
Victor Remsha is a partner at FinSight. Victor is a founder of a large investment group – Finam Investment Holding, which consists of a global multi-asset trading network for active traders with over 155k customers globally and $240 Billion in transactions in 2013, asset management business, commercial bank, US registered broker-dealer – WhoTrades Inc., and other companies. Since early 2000’s, Victor has been personally investing in Internet companies. Together with Alexey Garyunov, he launched the largest publicly traded mutual fund in Eastern Europe specializing in TMT and Internet sectors. Victor’s successful investment track record has been recognized by Forbes magazine when he was named as #2 most renowned Russian Internet investor.
current job
Acquisitions2
Huggle App acquired by Badoo
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Huggle App
Huggle App is a dating and friendship app that matches users based on shared places.
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Lulu acquired by Badoo
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Lulu
Lulu is a mobile app that allows women to privately review and recommend guys.
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Founders1
Andrey Andreev
Andrey Andreev is the CEO of the social audio app, Stereo, the Founder of Badoo and the founding partner of Bumble, Chappy and Lumen. Andrey’s pioneering work in dating and social discovery has helped define how people meet in the modern, mobile age. Andrey founded Badoo in 2006 after a series of successful early internet ventures, including Virus, SpyLog, Begun, and Mamba. Badoo experienced explosive international growth through his leadership, launching the first mass-consumer mobile dating application on iOS and Android in 2009. Andrey is credited with the development of many industry standard features, including profiles that enable people to “vote” on other users and paid features like virtual gifts, the ability to “rise up” in the search results, or the ability to see “who likes you”. In 2014, he partnered with Whitney Wolfe Herd to create Bumble with the mission to end misogyny by empowering women to make the first move. Two of his latest products include Lumen, ending ageism by helping over 50s meet, and Chappy, the safe space for gay connections. All of these platforms leverage the shared product and technology infrastructure Andrey had built with Badoo. In June 2019, Andrey consolidated Bumble, Badoo and his other dating apps into MagicLab, his umbrella of internet companies with over 600 million users worldwide and 600-member team, marking the first major step toward an IPO. Andrey has transformed the lives of hundreds of million people around the world. He and his team at MagicLab have innovated new ways for people to meet through the magic of technology. In November of 2019, Andrey announced that Blackstone took a majority stake in MagicLab, valuing the company at approximately $3 billion. As part of the acquisition, Andrey sold his stake and stepped down from the business, handing the CEO role to Whitney Wolfe Herd.
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Andrey Andreev
Employee Profiles159
Yulia Nayda
Payments and pci dss compliance project manager