As ICO activity shows no sign of slow down in the region, Play2live has announced the completion of a token sale which it claims generated the equivalent of $30 million in less than two months. Launched last year, this startup with roots in Belarus and Russia offers an original approach to eSports in terms of …
Driven by industry boom, eSports startup Play2live raises $30 million in ICO Read More
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
Russian punters will soon be able to receive their betting wins online through the Mastercard payment network. The news was reported last week by Betting Business Russia, citing Mastercard. The international operator announced that it will soon make possible domestic transactions in this field in Russia, as is already the case in a range of other countries. These …
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 …
Belarusian Wargaming and Russian VRTech invest $16 million in VR gaming company Read More
The beginning of this year saw major moves on the Russian eSports scene, a sizable European market with established players operating globally. Thus, last week Mail.Ru Group — an LSE-listed Internet company which controls the largest Russian-language social networks and a range of online gaming companies — announced the full acquisition of ESforce. This company, …
2 acquisitions and 1 ICO: the Russian eSports market is heating up Read More
Last week MTS, a leading Russian mobile operator, announced the acquisition of Praliss Enterprises, the parent company of Gambit Esports, for an undisclosed amount. Gambit Esports has four teams (16 players in total) participating in the most popular cyber game disciplines: Counter-Strike: Global Offensive (CS:GO), League of Legends (LoL), Dota 2 and FIFA. Gambit Esports teams have repeatedly earned …
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 …
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 …
Panzerdog, a Finnish-Russian mobile gaming startup, has secured a €800,000 seed stage round from Mail.Ru Games Ventures, the games investment division established earlier this year by Mail.Ru Group. This is the first investment made by the division, which says it has considered “nearly 500 applications” before choosing Panzerdog. “Mobile games are the main driver of …
Finnish-Russian game startup Panzerdog secures €800,000 from Mail.Ru Games Ventures Read More
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, …
Report: Russia is among the most attractive markets for mobile game marketing Read More
Gaming is one of Russia’s biggest industries, and Russia has the largest market for video games in Eastern Europe. In 2016, Russia’s gaming market was worth $1.4 billion, making it the 11th largest market in the world. This makes it no surprise that Russia would place second in the top five eSports countries in Europe. According …
Playkey, a Russian cloud gaming startup, has just attracted 160 million rubles (approximately $2.7 million at the current exchange rate) in equity funding from the Internet Initiatives Development Fund (IIDF, or FRII in Russian). The information was confirmed by Playkey’s PR manager Maria Trushnikova in an exchange with East-West Digital News. Playkey’s technology allows users to play the latest …
