Magic Fuel Games Inc. - Comprehensive Analysis Report

Summary

Magic Fuel Games is a mobile and web game development studio established in 2015 []. Founded by Kevin Shrapnell, Rajan Tande, and Kip Katsarelis, the company is located in San Francisco, California [] and focuses on developing engaging games []. The studio was acquired by PlayStack on June 6, 2022 [].

1. Strategic Focus & Objectives

Core Objectives

Magic Fuel Games specializes in city-building and management games for mobile platforms []. They aim to create engaging gaming experiences by leveraging their team's expertise in simulation and city-building genres [].

Specialization Areas

The company specializes in simulation and strategy games developed for mobile, PC, and console platforms [].

Target Markets

Magic Fuel Games primarily targets players of city-building and management games on mobile platforms [].

2. Financial Overview

Funding History

Magic Fuel Games raised a total of $2.4 million in funding through one Series A round on February 23, 2016 []. Seasun Games was the sole investor []. Prior to its acquisition, the company had a loss before tax of $2.1 million and net assets of $0.2 million in the year ending December 31, 2021 []. PlayStack acquired Magic Fuel Games for US$3 million in cash, with $1.5 million paid immediately and $1.5 million payable in twelve months [].

3. Product Pipeline

Key Products/Services

• Fort Stars: A game developed and released by Magic Fuel Games [].

• Love Cooking: A game developed and released by Magic Fuel Games [].

• World War Bots: A game developed and released by Magic Fuel Games [].

• Cityscape: Rebuild: In 2022, the studio was working on this game []. The company planned to release new games in 2023 [].

4. Technology & Innovation

Technology Stack

Magic Fuel Games operates as a remote game development studio with team members distributed around the U.S. and overseas [].

5. Leadership & Management

Executive Team

• Kevin Shrapnell: Co-Founder and CEO of Magic Fuel Games, now Chief Operating Officer at PlayStack [].

• Rajan Tande: Co-Founder and CTO of Magic Fuel Games [].

• Kip Katsarelis: Co-Founder and CPO of Magic Fuel Games [].

• Chi Chan: Head of Art and Co-Founder [].

• Greg Eng: Software Engineer [].

• Guillaume Pierre: Senior Designer [].

• Colin Moore: Senior Software Engineer [].

6. Competitive Analysis

Major Competitors

Magic Fuel Games has 311 active competitors, including companies like Animoca Brands, FunPlus, and Rebellion [].

8. Strategic Partnerships

Simultaneous with the acquisition, PlayStack signed a contract with a global technology platform to which Magic Fuel will contribute [].