Gaming

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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The SPAC wave hits Russia

February 16, 2022

Could a company from Russia, or with strong connections to Russia, ever be targeted by a SPAC? The question remained open until very recently, given the small numbers of international IPOs from Russia — the latest example in the digital field being Ozon in November last year. Such a player has now emerged, with Nexters …

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After pandemic boosted gaming usage, Mail.Ru acquires cloud gaming startup

June 4, 2021

Mail.ru Group is in the process of acquiring game streaming startup Playkey. Through this acquisition, the LSE-listed Russian Internet major intends to “develop Playkey solutions within [its cloud gaming service] My.Games Cloud and scale cloud gaming in Russia.” Last week the group announced the acquisition of a controlling stake in the company — 80.05% according to the Russian company …

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Russian neurotech startup raises $7.4 million to “accelerate computer-integrated human evolution”

June 2, 2021

A Moscow-based startup called Neiry is developing “human-friendly neural interfaces” applicable to a variety of daily tasks — from gaming and entertainment, to medical therapy, to training, to business. Supported by Russian state innovation programs, this startup believes it can “improve and restore human abilities and functions that were previously unattainable,” and contribute to “the acceleration …

Russian neurotech startup raises $7.4 million to “accelerate computer-integrated human evolution” Read More

New $50 million fund to invest in gaming across Eastern Europe

October 8, 2021

A new fund is emerging on the tiny Russian venture scene. With $50 million in capital, ‘The Games Fund’ is the brainchild of Maria Kochmola and Ilya Eremeev, two former executives from My Games Venture Capital (MGVC), Forbes Russia reports.  Former Riot Games CTO Sergey Titov, alongside ex-top managers from GEM Capital, are also part of the …

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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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Tencent backs Russian game studio to re-create robotized Soviet atmosphere

February 5, 2021

Russian game publisher Mundfish has secured a Series B funding round led by Tencent. Two existing investors — Moscow-based GEM Capital  the investment vehicle of oil industry executive Anatoliy Paliy and Gaijin Entertainment’s founder Anton Yudintsev — also took part in the deal. The amount of the capital injection was not disclosed, but industry insiders told Russian business …

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Mail.ru Group and Google launch international accelerator for video game developers

November 23, 2020

Google and My.Games, a branch of Mail.ru Group, last week announced a joint accelerator program “for promising mobile game studios and projects.” Dubbed ‘Game Drive,’ this accelerator targets studios from the EMEA region, including Western Europe, Russia and other Russian speaking countries, region, Turkey, Israel, the Middle East and Africa. The selected projects will receive an …

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Mail.Ru buying spree: New investments in gaming and edtech

October 8, 2021

This week several new investments by Mail.ru Group, the LSE-listed Russian Internet giant, were reported. In the field of online education: Lomigor, a Cypriot subsidiary of the LSE-listed Russian Internet giant, purchased a 45% stake in Preprep.ru LLC, the startup behind exam preparation platform Tetrika. The transaction, which took place in September, was just revealed …

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Mail.Ru buying spree: My.Games invests in 3 game studios in 3 weeks

October 12, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to LSE-listed Mail.ru Group, has just acquired a majority stake in Russian game publisher Deus Craft, reports Rusbase. MGVC intends to put up to $49.1 million to acquire 51.16% of the company, including an immediate payment of $14.1 million and potential additional payments totalling $35 million, depending on the …

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New game features AI-driven Soviet-era policeman “with a precise moral compass”

September 24, 2020

‘Militsioner’ (what a policeman was called in the USSR and up until 2010) is a new indie game from Russian studio Tallboys, unveiled on Steam in July 2020. “Escape from the Giant Policeman before he catches you in this first-person open-sandbox game set in a mysterious world,” reads the project’s Steam page. The location is …

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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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