The investment division of MY.GAMES announced an investment in the Hypemasters studio, which was founded by immigrants from Russia. Now developers are working on creating two mobile projects at once.MY.GAMES Venture Capital (MGVC) has acquired a minority stake in the studio with the possibility of further integration into MY.GAMES.
Under the terms of the deal, Hypemasters will receive financial, marketing, human resources and operational support from the investor.
Hypemasters was founded by Boris Kalmykov (worked as a sales specialist at Facebook and Unity) and Sergiy Petrov (co-founder of Last Level, developer of World War Heroes and Modern Strike Online games). Now the company’s offices are located in St. Petersburg and London, and the team has people from Wargaming, Playrix and other studios.
Hypemasters’ debut project was Hype City, a mobile game in the idle tycoon genre, which was released last year. The studio is currently working on two more titles: a new taikun for managing the island of Town Rivals (currently in beta testing) and an unannounced real-time strategy.
The head of MGVC Ilya Karpinsky highly appreciates the prospects of cooperation: “In the MGVC portfolio there are several examples of teams that came to us with only one idea, from which real hits grew in less than a year.”
Recall that last week the MY.GAMES investment division rebranded and changed its name from Mail.ru Games Ventures on MY.GAMES Venture Capital.
Also on the topic:
- MY.GAMES: The Russian video game market earned 120.4 billion rubles ($1.8 billion) in 2019A studio with Russian roots Donut Lab has raised $ 1.6 million to develop the game
- MY.GAMES earned $105 million in the first quarter
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