My.Games Venture Capital recently announced it had invested $3 million into three eastern European gaming studios. The studios that received this money are Voxter, Tworogue Games, and Wideview Games.
The amount of money that each studio received has not been disclosed at this time. Moreover, all three deals have given My.Games a minority stake in the studios with options to purchase the entities at a later time.
“We look at the market as a whole and invest in studios that work in genres with high reach and revenue potential,” said MGVC executive producer Nikita Matsokin, in a statement. “At the same time, we specifically focus on genres that we do not yet have in the My.Games portfolio, which could significantly expand our expertise. One of our development goals is to diversify the gaming portfolio to the fullest with the possibility of further integrating the partner studios’ products into the group’s single ecosystem.”
My.Games Venture Capital has invested over $20 million in gaming companies since the organization was founded. According to VentureBeat, mobile gaming makes up 75% of the business’ revenue.
(All information was provided by VentureBeat)
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