Nexters raised $50 million and announced the closing dates of the SPAC deal

Nexters has become one step closer to entering the stock exchange. A gaming company with Russian roots has reported attracting investments worth $50 million. This makes it possible to talk about the closure of the SPAC deal already in the third quarter.PIPE investments were received from a fund from Abu Dhabi Mubadala Investment Company and VPE Capital.

Now the total amount of funds raised by Nexters has reached $100 million, taking into account $50 million previously received from the Kismet Acquisition One Corp. SPACE company.

It is through the merger with it that Nexters plans to enter the stock exchange before the end of the current quarter. The total amount of funds raised now corresponds to the minimum amount required for the successful closing of the transaction.

The company also reported financial results for the second quarter of 2021:

• revenue from in—game purchases and advertising reached $154 million – 40% more in annual terms;the growth is due to an increase in the number of monthly paying users — their number reached 400 thousand, which is 43% more compared to the second quarter of last year;
• at the same time, the average revenue from one paying user remained at last year’s level and amounted to $ 125.
• Nexters’ plans to enter the stock exchange became known at the end of January.

Then the company entered into an agreement with Kismet, and its market value was estimated at $ 1.9 billion. After the closing of the SPAC transaction, Nexters will enter the Nasdaq Global Select Market under the ticker “GDEV”.