AppMagic raises $3 million in latest funding round

AppMagic has successfully secured $3 million in its series A funding round, primarily financed by GEM Capital.

The leading venture capital firm contributed $2.5 million, while an additional $500,000 was invested by the venture fund Vibranium.

The recently acquired funds are earmarked for advancing AppMagic's software research and development, as well as expanding their sales workforce in the United States, China, Korea, and Japan.

"AppMagic is devoted to creating an inclusive and comprehensive set of tools for mobile app market analysis," expressed Mark Samorukov, the CEO and founder of AppMagic. "This funding will expedite our efforts to enhance product development, incorporating new data types and improving data precision.

"We also maintain our commitment to supporting small enterprises and the developer community by offering adaptable pricing structures and substantial functionality accessible at no cost."