Gaming

Grishin Robotics teams up with Shakira and Gérard Piqué to back enigmatic US startup

September 7, 2017

Grishin Robotics, an international venture capital fund with Russian roots, has led a $14 million round of financing for Wonder, a Los Angeles-based startup which is developing an “all-in-one and one-for-all-gamers” product with a focus on virtual reality (VR) features. The startup makes much ado about what it says will be a “new type of …

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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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Mail.Ru announces $100 million global investment program in online gaming

December 4, 2018

Today Mail.ru Group, an LSE-listed Russian Internet company, announced the creation of ‘Mail.Ru Games Ventures’ (MRGV), a new division to invest in game development, technology and marketing worldwide. “Up to $100 million” is allocated to this investment program, of which $10 million has already been spent for the first deals, which have not been disclosed. The group targets “accomplished game studios …

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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 …

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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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German data center Darz invests in Russian video game streaming service

July 24, 2017

Darz, a major German data center company, has invested $1.5 million in the Russian startup Playkey. The deal, the terms of which have not been disclosed, was reported earlier this month by the Russian media and by Skolkovo, the international tech hub located near Moscow which hosts the startup. Playkey is a cloud gaming service …

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Mail.Ru Group acquires Warface publishing rights for North America and Europe

January 18, 2017

Starting from next month My.com, the international branch of Mail.Ru Group, will take over publishing and operations in North America and Europe for Warface, an online multiplayer video game developed by Crytek. Crytek, which released the game in 2013, will now focus on the development aspect, bringing more content and updates to Warface. Crytek and My.com say that they have developed a …

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Sistema VC invests $1 million in VR and AR game developer

October 27, 2016

Sistema VC has just injected 65 million rubles (slightly more than $1 million at the current exchange rate) in Luden.io, a Moscow-based developer of virtual reality (VR) and augmented reality (AR) games. The fund has received a 25% stake in the company, Luden General Manager Alexey Katkov told business daily Vedomosti. Sistema VC is one of the corporate …

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Mail.ru Group acquires mobile game firm Pixonic for $30 million

October 4, 2016

Yesterday Mail.ru Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic. The LSE-listed group has acquired 100% of the company for $30 million in cash, including $20 million upfront and $10 million deferred and based on performance indicators. Gaming is one of the key activities of the group, whose …

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Mail.ru Group launches social network and online games in Asia

September 28, 2016

Russia’s second most popular social network, Odnoklassniki.ru (Russian for “Classmates”), owned by Mail.Ru Group, has expanded to China, Iran, Iraq and Macao, Izvestia reported last week. On August 31, the network’s new Android app was launched under the OK.RU brand in these countries, the Russian newspaper learned from unnamed sources close to the company. When …

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