Wargaming cofounder launches Mika Games to invest up to $50M in mobile games

Wargaming cofounder Nick Katselapov has launched Mika Games, a gaming investment сompany that aims to invest $50 million in mobile game studios.

So far, Mika Games has raised $10 million in an initial funding round led by Boston-based venture capital firm Flint Capital.

Nicosia, Cyprus-based Mika Games wants to provide capital and comprehensive growth support to mobile game studios in their soft launch stage, meaning they have a game ready to launch for testing in a single market.

The goal is to ultimately invest $50 million in a portfolio of gaming studios, in order to help them become self-sufficient and scale from the seed stage, increasing valuations and aiming at an eventual initial public offering.

Mika Games, established in 2023, said it is one of the few specialized investment companies of its kind in the gaming market, and has already invested in two ...