MGVC Opens 2023 Investment Cycle Hitting 57th Deal by Investing Into Two European Studios
Since its foundation, MGVC has invested in 57 studios, completing its recent deals in January by investing in DC1AB (Portugal), together with Global Top Round, and AMT Games (Switzerland)
MGVC, a strategic gaming investor and part of the Netherlands-headquartered gaming company MY.GAMES, has signed strategic partnerships with Portuguese studio DC1AB, as a part of a co-investment round with Global Top Round, and Swiss studio AMT Games.
“MGVC continues to invest in talented teams and promising projects globally, building and expanding its strong community of developers. According to our analytics, in 2022, acquisitions and investments into Portuguese gaming studios and gaming hardware developers amounted to more than $85 million, while more than $90 million in Swiss studios demonstrates the great potential of these markets,” commented Nick Matsokin, Executive Director of MGVC.
Along with the investments in DC1AB and AMT Games studios, the deals include full support in scaling the business, including marketing, game design, employee recruitment, and product analytics, as part of MGVC’s effective approach to strategic investment.
DC1AB was founded in 2020 in Madeira, Portugal. The team boasts strong expertise in mobile games development, publishing and marketing, and is currently developing the cross-platform game, Dominus. Since being founded, DC1AB has taken part in Google Indie Game Accelerator and GameBCN accelerator, constantly working on improving the game. Dominus is a skill-based MMO strategy title inspired by classics such as the Civilization Series and Clash of Clans, with a focus on asynchronous and synchronous multiplayer. The individual battles are tied together by a meta that is a game in itself, involving tough economic decisions, meandering technological advancements, treacherous trading, and politics as players advance through the ages to dominate the world of Dominus.
AMT Games was founded in 2008 in Switzerland. The studio has launched more than ten popular games, with the number of installs exceeding 50 million. In 2023, the team will focus on the global launch of its flagship project Heroes of War, a team-battle game with strategic elements and player-versus-player and player-versus-environment modes, with fast and spectacular fights. The game is set to receive several major updates, including the introduction of multiplayer mode.
“We are happy to welcome DC1AB and AMT Games into our large partnership network. MGVC partners gain access to a unique ecosystem, which includes a multi-million-player audience, a broad analytical toolset, and convenient services that enable the effective promotion of titles across various markets and platforms. Both studios have a solid pipeline of exciting projects with engaging gameplay and interesting worlds to explore. We believe that with the services and solutions we provide, the teams will reach success in further developing and launching their games,” commented Nick Matsokin, Executive Director of MGVC.
MGVC, the investment division of international game developer and publisher MY.GAMES, was founded in 2017 and has consolidated eight studios in four years. MGVC has closed more than 50 deals totaling over $20 million since its inception. By investing in new studios, MY.GAMES continues to pursue its strategy of diversifying its game portfolio, providing studios with the necessary tools to grow its business and scale its products.