The Russian online gaming market is the largest in Europe. However, access to it by leading foreign developers from the United States and South Korea is difficult due to the need to have fast Russian-speaking customer support and to ensure effective engagement of users using Russian-language resources not used in these international geographies. This creates a good opportunity for the local Russian companies to obtain rights to publish the best online games from the world’s largest developers on Russian territory.
Business: More than $3M revenue per year, zero profit, more than 10.000 paying users monthly.
Deal: $7M cash-in for purchase of licenses for the right to publish in new world-famous games in Russia.
Deal Industry: Internet
Deal Type: Venture investment