Search Results for: playrix

Yandex could dismantle itself amid domestic and international pressure

November 26, 2022

Yandex, arguably the most successful and emblematic Russian digital company over the past 25 years, could be split amid the international and domestic tensions that have followed Russia’s attack on Ukraine on Feb. 24.  Confirming earlier media reports (FT, NYT, The Bell), Yandex announced Friday it had “commenced a strategic process to review options to restructure the …

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Playrix fully withdraws from Russia and Belarus, keeps operating in Ukraine

October 30, 2022

Playrix today announced it is fully withdrawing from Russia and Belarus, “due to the continued aggression against Ukraine and in order to maintain its operations.” The Russian-founded global mobile gaming giant will “close all the company’s offices” and “shut down all operations of its studios” in Russia and Belarus. The remaining staff will be “relocated from Russia and Belarus …

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How Russian game developers have been hit by the shockwave of war

July 7, 2022

Russia’s war on Ukraine and the subsequent western sanctions seem to have put the once-thriving Russian and Belarusian gaming industries in serious trouble. It took just weeks to Wargaming, the Belarusian-born, Cyprus-headquartered developer of World of Tanks and World of Warships, to react to the events. In early April, the company announced its decision to “leave Belarus and …

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Russian-founded gaming giant Playrix continues investment spree

February 22, 2022

Playrix, a global Russian-founded mobile gaming giant, acquired a minority stake in AppQuantum, a Cyprus-based, Russian founded mobile gaming developer and publisher. The deal took place in late 2021 but was announced only in early February.  Launched in 2017 by Evgeny Maurus, AppQuantum is behind such titles as Dragon Champions, Evil Clicker and Gold & Goblins. While claiming “dominant positions” in clicker and …

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Russian-founded Jiffy raises $28 million to roll-out super fast food delivery service in the UK

September 27, 2021

Jiffy, a 10 month-old UK grocery delivery and dark store startup, has secured a $28 million Series A round. Coming after two funding rounds completed earlier this year, this capital injection brings to $35 million the total amount raised so far by the startup, as reported by TechCrunch. Led by family-owned investment company Heartland, the round was supported by Baring Vostok, …

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Russian-founded mobile game publisher launches co-investment vehicle, displays IPO goals

August 4, 2021

Earlier this month Green Grey, a Russian-founded publisher of mobile games and apps, announced the launch of NPU Games. This new casual games studio offers co-investment opportunities to back the development of casual games.  An initial capital injection of $800,000 was brought by Green Grey itself to develop a pilot project, Cook’s Voyage — a casual …

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Russian gaming giant Playrix acquires Ukrainian Boolat Games

March 24, 2021

Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal have not been disclosed.  Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studio’s portfolio features dozens …

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My.Games invests in Russian-founded studio Hypemasters

September 22, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to Mail.ru Group, and Aii Corporation, a Finnish VC firm, have teamed up to invest in a US-headquartered mobile games studio called Hypemasters.   “Under the new partnership, MGVC will provide marketing, HR, operations, and financial support to Hypemasters to drive the development of current and future titles,” …

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“Better than India and Ireland:” Putin announces big tax cuts to transform Russia into an IT hub

January 7, 2021

In a televised address to the nation Tuesday, Putin also announced big tax cuts for the IT sector, apparently a bid to “turn Russia into India” by using tax incentives to attract and retain tech entrepreneurs. Putin claimed that, even in the midst of a pandemic, it was clear how the Russian IT sector has …

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After Belarus and Ukraine, Russian gaming giant Playrix acquires studio in Armenia

March 5, 2020

Playrix, a global Russian-founded gaming giant, announced today the acquisition of Armenian game studio Plexonic. The terms of the deal have not been disclosed.  The Yerevan-based team, still led by Plexonic’s founder and CEO Gevorg Sargsyan, has already started developing a new casual mobile game, according to a corporate statement.  “Together with the talented Plexonic team, we will …

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Russian game giant Playrix acquires Ukrainian game studio

November 5, 2019

Last week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Zagrava Games.  Founded in 2003 (known as ‘Friends’ Games’ at that time), this game development service company is located in Rivne (Rovno), Western Ukraine, and employs 60 people. Its creations include ‘Greedy Bunnies,’ ‘The Hunt for Red Panda’  and ‘Chasing Chaster.’  Among its clients …

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August 2019 in Eastern Europe: Sberbank extends its empire, US automation leader buys Ukrainian startup, Belarusian VR suit tested in zero-gravity

September 13, 2019

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The August review highlights the …

August 2019 in Eastern Europe: Sberbank extends its empire, US automation leader buys Ukrainian startup, Belarusian VR suit tested in zero-gravity Read More

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