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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. Continue reading