Nikolay Katselapov, one of the founders of Wargaming, has opened his own investment fund. It's called Mika Games. He will invest in mobile startups.
According to VentureBeat, Mika Games recently raised $10 million in a Series A funding round led by venture capital firm Flint Capital. In total, Mika Games is going to raise $ 50 million.
Mika Games will cooperate primarily with teams that have a game ready for soft launch. The Foundation will give preference to free-to-play online games. At the same time, it does not matter to him in which country the studio is based — the foundation plans to work all over the world. Mika Games itself is located in Cyprus.
It is unknown how much Mika Games intends to invest in each studio and on what terms. But it is reported that he wants to help the games achieve monthly revenue of at least $ 1 million. To do this, he will not only give developers investments, but also share tips on marketing, building business processes, monetization, etc.
At the moment, Mika Games has announced two deals.
The fund invested in the Cyprus-registered studio Hot Siberians. She specializes in typhoons and idle games. Her projects include Zombie Hospital Tycoon, Idle Antique Gym and two parts of Delivery City.
He also invested in Guli Games studio, which is also officially based in Cyprus. She has so far managed to release only one farm simulator game, Adventure Lands.
Katselapov assumed the role of CEO of Mika Games. In addition to him, Anton Kolkovsky, investment director and Chief Operating Officer of Mika Games, is listed in the management of the fund. Like Katselapov, Kolkovsky worked in the past at Wargaming, where at various times he held the positions of director of business development, director of product and others. Since May 2020, he has been running Bulberry Studio.