Mail.Ru’s MY.GAMES acquires Belarusian game studio SWAG MASHA; terms undisclosed

MY.GAMES, a subsidiary of Mail.Ru and one of Eastern Europe’s leading online entertainment brands, has announced its acquisition of Minsk, Belarus-based studio SWAG MASHA, which is behind popular mobile title Love Sick: Interactive Stories. With more than three million registered players around the world, the game was SWAG MASHA’s first ever released (last January). MY.GAMES […]

Finnish studio Surrogate.tv raises $2 million in seed funding to blur the lines between reality and gaming

Helsinki-based Surrogate.tv, which bills itself as a “reality-focused game development and video streaming technology company”, has raised $2 million in a seed round from early Supercell backer Initial Capital, early Small Giant Games backer PROfounders Capital, Brighteye Ventures and Business Finland. With the money, the fledgling company says it aims to bring real-life online gaming […]

Berlin-based gamedev studio Klang raises $8.95 million for its Seed MMO

German gamedev startup Klang has secured an $8.95 million Series A funding round led by Northzone, with participation from Makers Fund, Novator, and firstminute capital. The capital injection will support the development of the company’s new massively multiplayer online (MMO) title, Seed. Co-founded by game developers who used to work on the massively successful MMO […]

Icelandic social gaming startup Teatime Games raises $9 million

Teatime Games, an Icelandic social gaming company, has raised a $7.5 million Series A funding round, along with a $1.6 million Seed round, both led by Index Ventures. The venture capital firm Atomico also participated in the Series A round. Guzman Diaz of Index Ventures, Mattias Ljungman of Atomico, and David Helgason, founder of Unity […]

Finnish games studio Small Giant raises $41 million in fresh funding

Helsinki-based gaming company Small Giant Games has raised $41 million led by EQT Ventures with participation from Creandum, Spintop Ventures, and PROfounders. The company will use the new funds to expand its developer and graphic design team with a view to reaching international markets with its Empires & Puzzle RPG game and forthcoming titles. Empire […]