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."
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.
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