Gaming

Moscow Seed Fund injects $210,000 into educational game publisher Mersibo

April 23, 2014

Moscow Seed Fund, the venture arm of the Moscow city authorities, has invested 6 million rubles (approximately $210,000) in Mersibo, a developer of online educational games for children. The funds will be used to strengthen staff, develop mobile versions and create new games. The startup is also considering international expansion. It plans to release a …

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Tvigle becomes first online broadcaster on PS3 in Russia

January 21, 2014

Moscow – Tvigle has launched its app for Sony PlayStation 3, bringing Russia’s biggest library of free-to-view licenced video content to more than 1.2 million PS3 consoles in Europe’s largest online video market. PS3 owners can watch the whole Tvigle library of more than 20,000 films and TV shows, including global hits such as “The Walking …

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Global game developer Nival raises $6 million from Russia’s Almaz Capital

October 6, 2016

Nival, a global developer of cross-platform strategy games, announced today that it has secured $6 million from the Russian fund Almaz Capital to fuel its global expansion strategy. The valuation of this Series A round has not been disclosed. To date Nival has been financed by CEO and founder Sergey Orlovskiy, who holds a majority …

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Mail.Ru Group launches new gaming platform for game developers from all around the world

December 4, 2013

Mail.Ru Group today launched a new platform for the publication and promotion of online games on [email protected], Mail.Ru’s expansive game portal. The new platform gives US and European game developers an opportunity to access the large game buying audience of http://games.mail.ru/– more than 14 million people per month – and to be able to launch …

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Mail.ru Group “invades America”

November 22, 2013

Earlier this week the Mail.Ru Group, a top Russian Internet group listed on the London Stock Exchange, announced the US launch of My.com, which is developing English language communication and entertainment applications. By installing its subsidiary in the heart of Silicon Valley, the group is following in the footsteps of Russian tech giants such as …

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US game publisher Valve expands cash payment network throughout Russia and neighboring countries

September 18, 2013

Valve, the creators of a number of best-selling games, has selected Payelp Global, a subsidiary of St. Petersburg-based payment aggregator and solution provider Dengi Online, to help gamers from Russia and neighboring countries make purchases on game platform Steam. As cash is the primary method of payment in Russia and CIS countries, consumers use cash-in kiosks …

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Russian gamedev startup Playtox secures $3 million from Runa Capital

October 6, 2016

Last week Runa Capital, a Moscow-based, $135 million tech fund that operates internationally, closed a $3 million funding deal with Playtox, a software developer and publisher that specializes in free-to-play mobile browser games. As a result of the series A financing round, Runa Capital has purchased an undisclosed minority stake in Playtox. Founded in 2010, …

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Game Insight founder Alisa Chumachenko: “Russians are more emotional in their spending habits but it’s the Japanese who spend the most on in-app purchases.”

December 28, 2021

Russian game publisher Game Insight has been in the news over the last year for having opened an office in San Francisco, reached sales of $90 million and made the Forbes’ list of top 30 most successful Russian web companies. The company develops free apps for iOs, Android, Facebook and VKontakte. In this interview with Russia …

Game Insight founder Alisa Chumachenko: “Russians are more emotional in their spending habits but it’s the Japanese who spend the most on in-app purchases.” Read More

Belorussian publisher of ‘World of Tanks’ posted $287 million revenue in 2012

May 9, 2013

Belorussia’s Wargaming.net, famous for its massive multiplayer online (MMO) game World of Tanks, has posted $287 million in revenue during 2012, the Russian business daily Vedomosti reported on Tuesday. The company’s net income reached about $8 million. World of Tanks is a free-to-play MMO game, where users control different tanks and can pay a fee …

Belorussian publisher of ‘World of Tanks’ posted $287 million revenue in 2012 Read More

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