Online games

Moscow-based “funtech incubator” invested in 20 companies in one year

August 29, 2018

The Moscow-based investment firm FunCubator has invested 35 million rubles ($550,000) in PlatformaVR, a Russian VR-oriented game publisher. The deal was closed in April and publicly announced earlier this month. The funding will be used to create new content as well as for PlatformaVR’s international expansion. The startup has “one of the strongest teams in …

Moscow-based “funtech incubator” invested in 20 companies in one year Read More

Mail.Ru Group takes control of mobile game developer Bit.Games

April 27, 2018

Last week Mail.Ru Group, the LSE-listed Russian Internet giant, announced that it acquired a majority stake —51% — in Russian mobile games developer Bit.Games. The amount of the deal has not been disclosed. Mail.Ru Group said it will provide the team with access to all of its resources, including development, analytics and marketing, “to fuel …

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From cloud to blockchain, Russian startup aims to make online gaming accessible to all

May 26, 2021

The Russian gaming technology startup Playkey, which has asserted itself as notable player on the global cloud gaming scene, was born just five years ago out of a child’s dreams. Its founder, Egor Guriev, has been passionate about computer games since he was a schoolboy, when he saved on meals and textbooks to buy his …

From cloud to blockchain, Russian startup aims to make online gaming accessible to all Read More

Belarusian Wargaming and Russian VRTech invest $16 million in VR gaming company

February 6, 2018

Wargaming, the famous Belarusian game publisher, has teamed up with VRTech to make the popular tank battles of the World of Tanks available in virtual reality (VR) format. To this end, the two companies intend to inject $16 million in a dedicated joint venture named Neurogaming, as reported in late January by the Russian business …

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Russian cloud gaming startup Playkey raises nearly $11 million in ICO, targets Asian and American markets

December 7, 2017

Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, raised more than $10.5 million in its ICO which ended on Dec. 1. This amount comes in addition to some $4 million raised during a pre-ICO sale in October. In the course of the ICO, no less than …

Russian cloud gaming startup Playkey raises nearly $11 million in ICO, targets Asian and American markets Read More

Russian game streaming startup raises $1.3 million in pre-ICO, Oculus co-founder joins as advisor

December 1, 2017

Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, has already secured $1.3 million in its ongoing pre-ICO campaign. The news was reported last week by Russian online publication Firrma.ru. The fund were brought by US-based fund Uncharted Capital (Playkey has managed to secure some $300,000 from …

Russian game streaming startup raises $1.3 million in pre-ICO, Oculus co-founder joins as advisor Read More

Report: Russia is among the most attractive markets for mobile game marketing

August 22, 2017

Despite fast growth rates, Russia’s online and mobile gaming market still looks modest by size: it reached just $1.4 billion last year, a far cry from China’s $24 billion and significantly less than Europe’s top markets (around $4 billion in the UK and Germany). However, international publishers and marketers may find unusually attractive conditions in Russia, …

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Skoltech partners with UK and US firms to launch eSports academy

July 29, 2017

Competitive video gaming (known as “eSports,” or “computer sports” in Russian) has gained significant traction in Russia over the past few years, with billionaire Alisher Usmanov announcing a $100 million investment in the industry and the government fully recognizing this sports discipline. A new initiative came earlier this month from Skoltech, a private graduate research university …

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Yandex.Money distributes Nintendo Switch games in Russia and Turkey

April 25, 2017

Today Yandex.Money, a leading Russian e-payment system with some 30 million user accounts, announced a digital distribution agreement for Nintendo Switch in Russia. The e-payment service has made available on its website such games as The Legend of Zelda: Breath of the Wild, Mario Kart 8 Deluxe*, 1-2-Switch, Snipperclips: Cut it out – together. Before this distribution agreement …

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French Blacknut plans to expand to Russia

April 25, 2017

The French video game startup Blacknut intends to expand to Russia by the end of this year, as reported last week by Les Echos based on exchanges with Blacknut’s CEO Olivier Avaro. Blacknut offers instant access to games with no installation or dedicated hardware required. Games can be played virtually anywhere, at home or outside. The company …

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Report: Russia’s gaming market topped $1.4 billion in 2016

March 27, 2017

In 2016, Russia’s gaming market was worth $1.4 billion — up from some $1 billion in 2015 — making it the 11th largest market in the world and the largest one in Central and Eastern Europe. This post covers an overview of Russian gaming over 2016 based on research by Newzoo from their 2016 Global Games Market Report and consumer …

Report: Russia’s gaming market topped $1.4 billion in 2016 Read More

Alibaba invests $150 million and partners with Mail.Ru Group for global games distribution plan

March 26, 2017

Last week Alibaba announced a plan to enter the international game distribution industry with an investment of 1 billion yuan ($150 million). The Chinese group is teaming up with Mail.Ru Group, TFJoy, Efun and ONEMT to establish the “Global Strategic Alliance of Game Distribution.” An LSE-listed Russian Internet group, Mail.Ru Group is a major player on the Russian and global online …

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