Badoo creator Andrew Andreev announces exciting new holding company Magic Lab

Andrew Andreev, the Russian entrepreneur famous for creating the popular dating and social networking site Badoo, was born February 3rd in 1974 in Moscow. His first business, Virus, was an online computer and computer parts online business.He always had passion for technology.  Andrey Andreev sold his first company only two years after the initial launch, however, it would be his 2006 dating site Badoo, available in 47 languages, that would be his most successful venture as an entrepreneur. To this day, the dating site ranks as one of the most popular in the world. The site has over 428 million users. 

Badoo has a feature called Badoo live. This feature makes the app unique from other dating apps because the user can do a live stream. Allowing the user to showcase their personality in a video format. 

Andreev has an estimated net worth of 2.4 Billion and invested $10 million to location-based dating app Bumble to launch the successful dating platform with Whitney Wolfe Heard. When Heard left Tinder, Andreev met with Heard and agreed to enter into a business venture together. What separates the app from others in the dating-app market, the woman must make the first contact. Andreev has recently announced the formation of a holding company called Magic lab for his myriad of companies, which include Badoo and Bumble. 

The astonishing detail about the announcement of Magic Lab, if you visit the website, you can pitch an idea directly to Andreev. Andreev created a $100 Million fund dedicated to find people and their new ideas that help the companies grow and continue to expand. You can include your name, email address, and your idea. This is a fantastic gesture on the part of Andreev. Ideas will be reviewed by Andreev directly. If your idea is chosen, you will receive the help of the technology and staff of Andreev’s existing companies. Also, you will get the opportunity to be mentored by the entrepreneur. 

Find some extra information about Andreev´s new projects at

Leave a Reply

Your email address will not be published. Required fields are marked *