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MyGames has bought minority stakes in three studios for a mixed $3 million.
The money was cut up between Tworogue Video games, WideView Video games, and VOX Studio. As a part of the funding spherical, MyGames has the choice to buy a controlling stake in all three firms additional down the road.
Tworogue is a Moscow-based studio that is presently growing an upcoming mid-core freemium RPG for cell gadgets. WideView, in the meantime, is headquartered in Minsk and created AR title Tamadog, which was named Apple’s Sport of the 12 months within the Tech & Innovation – AR class in Russia.
Lastly, VOX is greatest identified for creating the VOX app for voice relationship. The corporate, additionally situated in Moscow, has attracted thousands and thousands of customers to its novel relationship app since being based in 2020.
MyGames invested the money via its Enterprise Capital division, and mentioned it hopes all three offers may help diversify its portfolio.
“We have a look at the market as an entire and spend money on studios that work in genres with excessive attain and income potential,” mentioned Nikita Matsokin, government producer at MyGames Enterprise Capital. “On the identical time, we particularly deal with genres that we don’t but have within the MyGames portfolio, which might considerably broaden our experience.”
MyGames has invested in quite a few studios this 12 months, and most not too long ago sunk money into hyper-casual studio Mamboo Video games and Spanish developer The Breach Studios.
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