Bitmagic - About the company
Bitmagic is a seed company based in Helsinki (Finland), founded in 2021 by Jani Penttinen and Juhana Wirtanen. It operates as a Developer of AI-powered game creation platform. Bitmagic has raised $4M in funding from Korea Investment Partners. The company has 3098 active competitors, including 153 funded and 169 that have exited. Its top competitors include companies like Team17, Nexon and Atari.
Company Details
Developer of AI-powered game creation platform. It provides a WebGL game engine that generates animated characters, environments, and unique missions based on user prompts. Users can create mini-games directly in their browser, utilizing AI to design their own worlds and characters. The platform offers an evolving game experience and encourages community interaction through feedback and collaborative design. A leaderboard will soon allow users to showcase their creations.
- Website
- bitmagic.ai
- Social
Key Metrics
Founded Year
2021
Location
Helsinki, Finland
Stage
Seed
Total Funding
$4M in 1 round
Latest Funding Round
Investors
Ranked
432nd among 3098 active competitors
Employee Count
10 as on Sep 30, 2026
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Bitmagic's funding and investors
Bitmagic has raised a total funding of $4M over 1 round. Its latest funding round was a Seed round on Jul 05, 2024 for $*****. 3 investors participated in its latest round. Bitmagic has 3 institutional investors.
Here is the list of recent funding rounds of Bitmagic:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 05, 2024 | 5938591 | Seed | 4617797 | 8701565 | 4543987 | 7776373 |
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Bitmagic's founders and board of directors
Founder? Claim ProfileThe founders of Bitmagic are Jani Penttinen and Juhana Wirtanen. Jani Penttinen is the CEO of Bitmagic.
Here are the details of Bitmagic's key team members:
- Jani Penttinen: Co-Founder & CEO of Bitmagic and founder of 4 other companies, including Bitmagic, Too Symphony and Transfluent. Contact Info: 1 email address
- Juhana Wirtanen: Co-Founder of Bitmagic and founder of 1 other company. Contact Info: 1 email address
View details of Bitmagic's Founder profiles and Board Members
Bitmagic's employee count trend
Bitmagic has 10 employees as of Sep 26. Here is Bitmagic's employee count trend over the years:
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Bitmagic's Competitors and alternates
Top competitors of Bitmagic include Team17, Nexon and Atari. Here is the list of Top 10 competitors of Bitmagic, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Team17 1990, Wakefield (United Kingdom), Public | Developer of indie games across multiple platforms and genres | $21.8M | 75/100 | |
2nd |  Nexon 1994, El Segundo (United States), Public | Developer and publisher of online multi-player games | - | 75/100 | |
3rd | Atari 1972, New York City (United States), Public | Developer and publisher of casual casino PC games | - | 70/100 | |
4th | Thatgamecompany 2006, Santa Monica (United States), Series D | Developer of PC and mobile-based games | $172M | 69/100 | |
5th | Nintendo 1980, Redmond (United States), Public | Consumer electronics and game development company | - | 69/100 | |
6th |  Rec Room 2016, Seattle (United States), Series F | Developer of a social application featuring user-generated games and experiences | $351M | 68/100 | |
7th | Games development studio and service provider | $20M | 64/100 | ||
8th | SNK Corporation 2001, Tokyo (Japan), Acquired | Developer and publisher of games | - | 63/100 | |
9th | Developer and distributer of online games | $8.12M | 62/100 | ||
10th |  Second Dinner 2018, Tustin (United States), Series B | Independent game development studio | $130M | 62/100 | |
432nd | Developer of AI-powered game creation platform | $4M | 35/100 |
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Bitmagic's Investments and acquisitions
Bitmagic has made no investments or acquisitions yet.
Reports related to Bitmagic
Here is the latest report on Bitmagic's sector:
News related to Bitmagic
•
Supercell steps up investment arm pushPocket Gamer•Mar 28, 2025•Supercell, Applivery, Bitmagic, Future Run and 1 other
•
Bitmagic raises $4M for AI platform that generates 3D games from consumer promptsVentureBeat•Jul 02, 2024•Bitmagic, Bitmagic, Korea Investment Holdings, Sisu
•
Bitmagic launches text-to-game creation platform in Steam Early AccessVentureBeat•Mar 15, 2024•Bitmagic, Steam, Bitmagic
•
Bitmagic Launches Public Test for AI-Based Game Creation PlatformAiThority•Dec 01, 2023•Bitmagic, Bitmagic
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