Magic Tavern

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Magic Tavern - overview

Established

2013

Location

Beijing, -, China

Primary Industry

Software

About

Magic Tavern specializes in developing engaging mobile games that combine match-3 puzzle mechanics with design elements, captivating players through immersive storylines and customization features. Founded in 2013, Magic Tavern is a mobile game development company based in Beijing, China. The company has notably pivoted its strategy to focus primarily on mobile gaming, launching hit titles such as 'Matchington Mansion' and 'Project Makeover'. Yongkai Zhao, the CEO, has been instrumental in guiding the company’s direction since its inception.


In June 2016, Magic Tavern raised Series A funding from Hike Capital, with financial terms undisclosed, marking a significant investment in its growth trajectory. Magic Tavern is primarily known for its engaging mobile games that blend match-3 puzzle mechanics with design and customization elements. The flagship titles include 'Matchington Mansion,' launched in 2017, and 'Project Makeover,' released in November 2020. These games allow players to explore intricate storylines while solving puzzles and undertaking design tasks that range from decorating homes to revitalizing communities.


Magic Tavern’s games cater to a diverse audience across multiple geographical markets, including North America, Europe, and Asia, having been featured prominently in over 183 countries on the App Store and 116 countries on Google Play. The company focuses on enhancing user experience through regular updates and new content, ensuring player engagement and satisfaction. Magic Tavern generates revenue primarily through in-app purchases within its mobile games, which allow players to buy game currency, special items, and design enhancements. The transaction structure is direct-to-consumer, leveraging a freemium model that encourages players to engage with the games for free while offering premium content for purchase.


Notable revenue-generating features include limited-time promotional events and exclusive content that incentivizes players to spend. The success of flagship games like 'Matchington Mansion' and 'Project Makeover' has significantly contributed to the company's financial performance, as evidenced by their large daily active user base. Such a model not only enhances player retention but also drives recurring revenue through ongoing player engagement and participation in in-game transactions. Looking ahead, Magic Tavern plans to expand its product offerings with new games that are currently in development, although specific release dates are not disclosed.


The company is also targeting expansion into additional markets in Asia and Europe by the end of 2024. The funding raised in June 2016 will be utilized to support these initiatives, helping to enhance game development capabilities and market reach.


Current Investors

Hike Capital

Primary Industry

Software

Sub Industries

Gaming

Website

www.magictavern.com

Verticals

Mobile Apps

Company Stage

Series A

Total Amount Raised

Subscriber access only

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