Private fairness funding targets progress in Cyprus gaming sector

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Zubr Capital has introduced a Series A funding in Soloband Games, marking a notable step within the continued growth of Cyprus’ gaming and know-how ecosystem.

The funding is predicted to help Soloband Games because it scales its flagship cell title, World Tour Merge, and strengthens its place within the aggressive world cell gaming market. The sport operates throughout the fast-growing “Merge 2” style, the place gamers mix gadgets to unlock new content material and progress by ranges.

Soloband Games presently employs a staff of round 25 professionals, together with founders with greater than a decade of business expertise spanning sport design, dwell operations, and product scaling. The improvement staff consists of expertise with prior expertise at established studios resembling Playrix and Melsoft. Early-stage backing additionally got here from business veterans Andrei Yarantsau and Alexander Shilyaev, who offered each capital and operational steering.

The funding comes amid sturdy progress expectations throughout the worldwide cell gaming market, with in-app revenues projected to strategy $100 billion by 2028. Within this setting, Soloband Games has reported encouraging early traction, surpassing a million downloads for its flagship title and sustaining a excessive participant score alongside bettering income efficiency.

According to Nikita Krivelevich, Soloband Games aligns with the agency’s funding technique of backing firms with confirmed product-market match, sturdy retention metrics, and clear scaling potential. The funding is meant to assist the studio increase its content material choices, enhance monetization methods, and improve long-term participant engagement.

Aleksandr Kislitsyn described the funding as a turning level for the corporate, noting that the funding will help the scaling of its flagship product, growth into new worldwide markets, and optimization of consumer acquisition and dwell operations methods.

For Zubr Capital, the transaction displays its broader give attention to high-growth know-how companies with worldwide potential. The agency manages roughly $250 million in property throughout 30 know-how firms, together with two unicorn investments. Its investor base consists of main institutional backers such because the European Bank for Reconstruction and Development and the Dutch Entrepreneurial Development Bank, in addition to business members together with Wargaming.

The deal additionally highlights Cyprus’ rising significance as a regional hub for know-how and gaming innovation, supported by rising inflows of worldwide capital and experience into the native ecosystem.

Source: Cyprus Mail