19.02.2018

Mail.Ru Games Ventures and Epic Games have made a deal. They will look for games for investment together

February 19 investment division Mail.Ru Games Ventures and developer studio Epic Games have announced the beginning of a joint collaboration. One of the main objectives of the partnership is to find and support promising gaming products. Both financial and expert assistance is planned.

What does the deal imply?

The new high-profile initiative is built around two key points.

The first is that Epic Games will start helping Mail.Ru Games Ventures is looking for promising projects for investment. Monetary support will be offered to both young and experienced teams exclusively for the launch and scaling of projects.

The second point is traditional for target investors. Within the framework of the partnership, funds will not only be invested, but the teams will also be supported by expertise, as well as access to analytical, marketing and technological services.

Important: Mail.Ru Games Ventures will invest, and Epic Games acts as a “strategic partner”.

“This cooperation will open up additional financial opportunities for developers to create fantastic games on the Unreal Engine,” he said Mike Gamble, head of the European branch of Epic Games.

Background of the event

Mail.ru Games Ventures has been launched Mail.Ru Group as a separate structure specializing in the financing of gaming companies. A figure of $100 million was mentioned as the planned expenditures of the fund. From the very beginning, it was also about buying companies, not just supporting them.

Concerning Epic Games, then it has its own Unreal Dev Grants system. Within the framework of the system, the company quarterly issues relatively small amounts to individual developers who create projects on Unreal Engine 4. For example, in January of this year, the company paid a total of $ 200 thousand to teams.

Also on the topic:

Comments
Write a comment...
Related news