My.Games Venture Capital invests $3M in 3 Eastern European game studios

My.Games Venture Capital has invested $3 million in three new sport studios in Japanese Europe. The studios are Voxter, Tworogue Video games, and Wideview video games.

A part of Moscow’s Mail.ru Group, My.Video games has been investing in sport studios. It has additionally invested not too long ago in Expresso Publishing in Amsterdam and Pizza Membership Video games in San Francisco. About 75% of My.Video games’ income comes from cell video games.

The corporate didn’t say how a lot every studio raised. In all three offers, MGVC acquired minority stakes within the studios with choices to  buy management later. The funding quantity since MGVC was based exceeded $20 million in line with the InvestGame platform. Japanese Europe has 1000’s of sport studios, in line with The Video games Fund. (Maria Kochmala, cofounder of The Video games Fund, will converse at our upcoming GamesBeat Summit Next on-line occasion on November 9-10).

“We take a look at the market as a complete and spend money on studios that work in genres with excessive attain and income potential,” mentioned MGVC govt producer Nikita Matsokin, in an announcement. “On the similar time, we particularly concentrate on genres that we don’t but have within the My.Video games portfolio, which may considerably develop our experience. One in every of our improvement targets is to diversify the gaming portfolio to the fullest with the potential for additional integrating the accomplice studios’ merchandise into the group’s single ecosystem.”

Tworogue Video games was based in Moscow and at present has 17 workers. The core workforce was shaped again in 2016 and has been working collectively for 5 years. The studio is creating a mid-core cell free-to-play hero collector RPG. Tworogue Video games plans to create a novel expertise within the battlers style utilizing new combos of core gameplay and development. The sport is deliberate for launch in 2022.

WideView Video games studio was based in 2016 in Minsk. The workforce of 20 is concentrated on cell sport improvement. Their Tamadog mission was named Apple’s Sport of the Yr within the class Tech & Innovation — AR: Russia. The studio is creating two cell informal free-to-play video games scheduled for subsequent 12 months. WideView Video games experiments with gameplay and meta-mechanics to create a novel and interesting gaming expertise for informal audiences.

And Voxter was based in 2020 in Moscow. The studio with 16 workers is  engaged on the Vox app for voice relationship. Up to now, Vox has greater than 14 million voice recordings, or 8.5 years of listening to voice messages and greater than three million {couples}. Voice communication is exclusive in a approach it gives better immersion in communication for the individuals, in addition to better interactivity. For MGVC, investing in Vox means increasing its funding areas with a attainable future synergy of the group’s whole product portfolio.

In line with InvestGame, within the first half of 2021, MGVC was one of many high 15 largest funding funds on the earth. Over 4 years since its basis, MGVC has consolidated eight studios and its portfolio now consists of greater than 40 studios in complete.

The corporate has 150 titles in its portfolio together with Warfare Robots, Hustle Fortress, Rush Royale, Left to Survive, Skyforge, and Allods On-line. In the meantime, My.Video games operates video games comparable to Warface.