Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

VCPro Database 2014 (17th Edition) Now Available! Newly released


Venture Capital Deals Spreadsheet Now Available Newly released


 

Nival Secures $6M Series A Funding From Almaz Capital

MENLO PARK, Calif., December 12, 2013-- Nival, developer of cross-platform strategy games, today announced a $6M Series A round of funding led by Almaz Capital. The funds will be used to expand into global markets.

Almaz Capital joins Nival's previous investors: Sergey Orlovskiy, CEO and founder of Nival, holding the majority stake; 1C, a leading Russian software distributor; and Mail.ru Group, one of the biggest Internet companies in Russia.

Since being founded 17 years ago, Nival has created many successful game franchises, including Blitzkrieg, Heroes of Might and Magic V, Silent Storm, Etherlords and Allods. Currently, Nival is working on several unannounced titles, the award-winning role-playing PC strategy game, Prime World, and cross-platform tower defense game, Prime World: Defenders.

"Nival represents our classic investment profile, a top technical team formed by a Russian entrepreneur who has the ability to build a global business," said Alexander Galitsky, Managing Partner and co-founder of Almaz Capital.

Sergey Orlovskiy, CEO and founder of Nival, noted: "At Nival we've created a critically acclaimed development studio with more than 200 international press awards," He added, "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."

"By investing in Nival, we're demonstrating our belief in the company's ability to deliver popular cross-platform strategy games," said Pavel Bogdanov, general partner at Almaz Capital who joins Nival's board. "We like how Nival bring innovations to traditional game genres and creates supreme experience for its players. Our investment will help Nival launch these games worldwide."

About Nival

Nival is an independent game developer focused on the strategy genre. The company was founded in 1996 by games industry veteran Sergey Orlovskiy, who currently serves as company's CEO. Nival began to self-publish its own games in 2005. Nival's track record includes the best-selling Blitzkrieg, Prime World, Heroes of Might and Magic V, Silent Storm and Etherlords game series. With offices in Hallandale, Florida; Moscow and St. Petersburg, Russia; Kiev, Ukraine and Minsk, Belarus Nival currently has more than 200 employees across four development studios. For more details about the company, please visit http://nival.com

About Almaz Capital

Founded in 2008, the Almaz Capital team practices a "geo-connect strategy" focused on early and expansion stage venture investments in high-growth tech sectors, including enterprise and cloud computing, mobile, internet infrastructure and services, data storage and management, and ecommerce with an emphasis on Series A rounds in capital efficient businesses. Almaz Capital investors include Cisco, EBRD and IFC. The following companies are among Almaz Capital's realized exits over the last three years: Qik, acquired by Skype in 2011; Yandex, IPO 2011; and Vyatta, acquired by Brocade in 2012. Almaz Capital has offices in Silicon Valley and in Moscow. For more information, please visit http://www.almazcapital.com.


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals New
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

Venture Capital StarterPak
VC Pitch
Private Placement Memorandum
Confidentiality Agreement Package
Series A Preferred Term Sheet
Bridge Financing Contract
Employment Agreements
Understanding Employee Stock Options

Business Plan Tools

Free Business Plan Template
Sample Business Plans
Business Plan Pro

 

 

Copyright 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer