Receiving funds from a publisher and an investor are completely different experiences. A publisher conducts a marketing campaign for a specific game, sets its price, organizes testing, and assists with the console version. Meanwhile, an investor often invests not just in the game, but in the team. This broadens the team’s capabilities without canceling collaboration with the publisher. But how do you secure investments for development? We share the experiences of the creators of Indika,…

In the past couple of years, the investment landscape in the gaming industry has changed significantly. We have gathered up-to-date information as of the end of 2025 on the nuances of fundraising at different stages, current multipliers, deal closing times, and “red flags” during due diligence. Experts from funds such as The Games Fund and GEM Capital assisted us in this.

Continuing the publication of transcript reports from the July conference “Gaming Industry,” next in line is a presentation by Nikita Pokruchin, the founder of Level 26 Games. He discussed what fundraising is and how it should be approached today.

We continue to publish transcripts of lectures from the “Gaming Industry” conference held in July. Up next is the presentation by Maryam Karpova, head of the “Start the Game” competition. Her talk focused on the current funds available in Russia ready to subsidize game development.

The Chinese giant Tencent has become significantly less invested in foreign companies, the GameLook portal reports, citing data from IT Juzi (IT桔子) analysts. In 2023, the holding concluded 37 such deals, which is the lowest figure in the last ten years.

The Irish startup W4 Games, founded by Godot veterans, recently announced a Series A funding round. As part of it, the studio will receive a transfer of $15 million from a group of investors.

The Irish startup W4 Games, founded by Godot veterans, recently announced a Series A funding round. As part of it, the studio will receive a transfer of $15 million from a group of investors.

Indie publisher and developer Toge Productions, known primarily for the visual novel about the barista Coffee Talk, decided to expand. The company announced that it has joined the Mojiken Studio.

The Chinese colossus is preparing for another major deal. Tencent will acquire a key Techland package. This was announced by Pawel Marchewka, the founder and permanent CEO of the Polish company.

Victoria Belyaeva, who is responsible for business development and PR at AppQuantum, has prepared a guide on how to properly approach the issue of making an investment pitch.

In early February, VK Play announced the launch of the VK Play Investments division and plans to invest 300 million rubles through it in Russian gaming teams. We have sent the company a number of questions regarding the future work of the division. We share the answers we received.

A young Cypriot game development studio Eschatology Entertainment raised $4 million during the seed round to develop an AAA first-person shooter.

The studio that worked with Green Grey announced the attraction of new investments. Infusion Games managed to “raise” a little more than $0.8 million from various sources.

The investment boom does not plan to end. Publisher AppQuantum has launched a business program for game developers. Participants can expect to receive investments of up to a million dollars.

It became known about a new player in the data analysis market — the Mad Curve company. It is founded by people from MY.GAMES and 101XP. The startup managed to launch the service of the same name in a test mode and attract $ 1.15 million from The Games Fund.

The developer and publisher of mobile games Azur Games announced the sale of shares in studios located in Russia (as well as Belarus). The official reason: the desire to focus on other markets.

Azur Games is increasingly active in terms of M&A. The mobile publisher became the owner of 81% of the shares of the studio that developed the Mushroom Wars series of games. The amount of the transaction was not disclosed.

NetEase continues its global expansion. She negotiated the purchase of the French studio Quantic Dream. This is the first company from Europe to become part of a Chinese technology giant.

The developer and publisher of mobile games Azur Games has signed a deal with Pinpin Team. He acquired 30% of the French company and promised it strategic support. How much such a purchase cost is not disclosed.