Turkish startup Magfi backed up with $1.1M by Eleven Ventures
Summary
Magfi is a pioneer in enabling simultaneous advertising across Telegram and Discord communities through machine learning and AI technologies. The founders and the team impressed us with their vision, deep understanding of the Web3 world, and strong passion for product excellence. They are relentless and we are excited to join them in this journey, says Svetozar Georgiev, a Partner of Eleven Ventures.Magfi analyzes public groups on Telegram and Discord, labeling them by extracting parameters such as audience, view, and click predictions. Its diverse customer base includes fast-growing and multinational companies such as major banks in Turkey, global e-commerce firms, and world-renowned advertising agencies.The world is shifting towards Web3-based messaging, with Telegram and Discord leading the way as the pioneering platforms in this sector. Magfi seeks to bring the same level of sophistication and effectiveness of popular social media advertising platforms to the world of chat-based communities.