CONNECT WITH US
Gaming

Gaming

Mika Games raises $10m to fund mobile game studios

PocketGamer.biz logo

Published on

Add as a preferred source on Google
Mika Games raises $10m to fund mobile game studios

Cyprus-based investment company Mika Games has raised $10 million in fresh funding to help mobile games studios develop their titles and test paid marketing campaigns before they qualify for larger financing deals.

The round was led by Flint Capital, with participation from several new and existing investors.

Campaigns will aim to help studios measure player retention, monetisation and how quickly they can recover marketing costs. 

Founded in 2023 by Wargaming co-founder Nick Katselapov, Mika Games has expanded its portfolio from three studios to five this year. The Cyprus-based investment company backs free-to-play mobile studios at the soft launch stage, using equity investments to fund teams alongside separate funding for larger paid marketing tests. 

Mika Games' two latest investments are Bulberry Studio, which develops the PvP strategy game Wargard, and LevelApp, creator of merge-2 games Merge Dale and Sea Bloom.

Existing investments also include Legendale maker Guli Games and Punko maker Agonalea Games.

“Global gaming user acquisition spend reached $25 billion in 2025, while ad impressions increased 20%. Meanwhile, the number of new titles in the US top 1,000 by downloads fell from about 200 in 2020 to just over 100 in 2024, and games more than two years old generated over 80% of revenue in most genres," said Katselapov.

“Early marketing capital can therefore influence which games players ever get to discover. Our aim is to give new titles enough runway to reach players." 

In 2024, Mika Games announced a $50m investment fund to support mobile-first, free-to-play studios. At the time, Mika said it would back games at the soft launch stage, providing funding and business support to help studios grow.


Source link
Related Topics:Gaming

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.