Bumble Inc was originally called Magic Lab which was a holding company started in 2019 by Andrey Andreevh. This company included all the dating brands that Andrey had founded and was a major investor in. This includes Badoo, Bumble, Chappy, and Lumen. These 4 dating service combined have over 500 million users worldwide. The group of dating services also share in resources including component-based technology infrastructure and employees.

Late in 2019 Andrey Andreevh sold his majority stake in MagicLab to Blackstone. At this time Bumble founder Whitney Wolfe Herd, was made CEO of MagicLab.

In late February 2020 the gay dating app Chappy was closed with the Bumble brand becoming Magic Labs choice for LGBTQ+ singles to join. In November of the same year the Over 50's dating app Lumen was closed. Later on in preparation for the IPO Magic Lab was renamed to Bumble Inc.

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