Gaming investment company Mika Games has recently launched a $50 million investment fund dedicated to the mobile games industry.
The company, founded by Nick Katselapov, co-founder of Wargaming, aims to provide support to mobile game studios during their soft launch stages, helping them become self-sufficient studios. Mika Games has already secured an initial $10 million investment led by VC firm Flint Capital and has made investments in two mobile studios: Hot Siberians and Guli Games.
Empowering Mobile Gaming Growth
Nick Katselapov’s passion for mobile gaming is the driving force behind Mika Games’ focus on investing in the handheld platform. Recognizing the potential of promising projects, the company provides financial backing and business guidance to propel them forward.
With the mobile gaming market projected to reach $111.4 billion this year, Mika Games is set to invest globally in mobile-first, free-to-play live service games with strong monetization prospects.
“83% of mobile games fail within three years, often due to the lack of financial support and guidance,” explained Katselapov. Mika Games aims to help studios scale up their operations to achieve a monthly revenue milestone of at least $1 million.
“Through our decentralized operating model, we equip our teams with the necessary resources for success, unlocking their full potential. Our expanding ecosystem fosters synergies through shared knowledge and collaboration,” the company stated.
