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Commits $100M for next generation brand name incubations
LONDON and NEW YORK /PRNewswire/ — Andrey Andreev , Founder and CEO for the team which develops, has, and operates market-leading dating and social media apps, Badoo, Bumble, Chappy and Lumen together with their founders, today announced the creation of Magic Lab to act as a keeping company for the growing amount of brands.
Inside the team, each one of the brands continues to take advantage of a provided built-in technology platform built with a best-in-class engineering group ensuring functional efficiencies and freedom. Using this unique foundation, Magic Lab is able to regularly introduce and quickly scale mass consumer services and products to push future development. The brands will give attention to marketing to solve societal dilemmas such as for instance misogyny, stereotypes, ageism and self-doubt. Currently, over fifty percent a billion individuals all over globe have already been linked through the Magic Lab’s category of brands.
“Today we’re making our objective recognized to the entire world – Magic Lab produces life-changing moments for thousands of people because they build relationships,” stated Andrey Andreev , Founder and CEO, Magic Lab. “Those unique moments when individuals meet for the very first time are why is life memorable. The forming of this team reflects our belief that the world-wide-web may be used being a force for good and that everyone else deserves a link, regardless of your social, ethnic or financial history.”