Strategy-game developer Nival is looking to expand into global markets. The studio announced today that it raised $6 million in its Series A funding round to help pay for the costs of that expansion.
Venture-capital firm Almaz Capital led the round. This $6 million is in addition to seed funding from Nival founder Sergey Orlovskiy, Russian software company 1C (which publishes games), and Russian Internet company Mail.ru Group.
“Nival represents our classic investment profile, a top technical team formed by a Russian entrepreneur who has the ability to build a global business,” Almaz managing partner Alexander Galitsky said in a statement.
Nival is responsible for strategy titles like Blitzkrieg, Heroes of Might and Magic V, Silent Storm, and Etherlords. The studio is currently developing competitive strategy title Prime World and Prime World: Defenders, which is a tower-defense game with card-game elements.
GamesBeat Next 2023
Join the GamesBeat community in San Francisco this October 24-25. You’ll hear from the brightest minds within the gaming industry on latest developments and their take on the future of gaming.
Prime World is a free-to-play PC game that is currently in open beta and is available to players in the Russian, U.S., and Turkish markets.
“At Nival, we’ve created a critically acclaimed development studio with more than 200 international press awards,” Nival chief executive Sergey Orlovskiy said. “Almaz Capital is an investment firm that has also won many prestigious awards including Alexander Galitsky winning the Russian Venture Oscars and the ‘Best Russian Entrepreneur’ in 2013. Our partnership is a clear fit between two award-winning companies with proven strategies for success.”
As part of the investment, Almaz Capital general partner Pavel Bogdanov will join Nival’s board.
“By investing in Nival, we’re showing our trust into the company’s ability to deliver popular cross-platform strategy games,” said Bogdanov. “We like how Nival brings innovations to traditional game genres and creates supreme experience for its players. Our investment will help Nival launch these games worldwide.”
Nival did not reveal the new markets it is planning to target.
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.