AppMagic raised $3 million in investments

The mobile app analytics service AppMagic successfully closed its Series A funding round, raising $3 million. The investment group GEM Capital contributed $2.5 million, while the venture fund Vibranium provided an additional $500,000.

The funds will be used to advance AppMagic. The service aims to improve its accuracy by adding new types of tracked data. Additionally, the owners of AppMagic plan to open new sales offices in the United States, China, South Korea, and Japan.

AppMagic was officially launched in early 2018 by Maksim Samorukov, former product head of the studio Crazy Panda. Initially, the service operated under the name DataMagic but later underwent rebranding. In 2020, AppMagic secured its first investment, receiving $200,000 from the marketing agency RoasUp.