Magic Lab is the newly formed umbrella to household names Badoo, Bumble, Chappy, and Lumen. Founded by Andrey Andreev, the group’s mission is to create magic today by inventing the technology of tomorrow.
Andreev has committed $100 million to developing the holding company, seeking to identify, recruit and support the next generation of product visionaries and innovative founders.
The CEO said at launch: “Today we are making our mission known to the world – Magic Lab creates life-changing moments for millions of people by building relationships.
“Those special moments when people meet for the first time are what makes life memorable. The formation of this group reflects our belief that the internet can be used as a force for good and that everyone deserves a connection, no matter your social, ethnic or economic background.”
GDI Founder Simon Corbett said: “We’re incredibly pleased to be welcoming Magic Lab to GDI London 2019 as first time sponsors.
“The brands in their portfolio are real leaders within the dating space, and attendees can expect top quality insight from their session.
“They join a terrific speaker lineup at our fifth flagship event. Grab your tickets via the website and secure your place at Europe’s #1 industry conference!”