Mail.Ru Group to invest $100 million in gaming companies

Russian Internet giant Mail.Ru Group announced the creation of a division Mail.ru Games Ventures, which will invest in game publishers and developers.

This is reported today, April 25, by Vedomosti and VentureBeat.

The total planned investment is $100 million. Of this amount, $10 million has already been allocated for transactions that are planned for the near future.

Mail.Ru Group is interested in both established studios that need funds to scale their business, and novice teams.

First of all, the investor will consider mobile projects, but Mail.Ru The Group is also ready to finance projects for other platforms.

Financing means not only the purchase of the company as a whole, but also the purchase of part of the company, as well as investing in a specific project in place of future royalties.

Sources: Vedomosti, VentureBeat