Finnish-Russian Panzerdog secures EUR 800K
Finnish-Russian studio Panzerdog has raised 800 000 euros in seed investment from Mail.Ru Games Ventures, the game investment division of Russian Mail.Ru Group.
Panzerdog will use the funding to finish development of its online shooter game Tacticool, and to later enter the international market.
It’s the first partnership agreement established by Mail.Ru Games Ventures, which proposes up to 100 million US dollars of potential funding for game developers worldwide. The partnership also includes all-round support from Mail.Ru Games Ventures to boost the successful development of Tacticool.
“Mail.Ru Games Ventures is one of a few ‘smart investors’ that provide developers with its expertise and its network of experts that game studios need to develop their projects faster than they could by themselves,” says Alexey Sazonov, Panzerdog’s CEO. “We are proud to be the first partner of MRGV.”
For the early stages of the game’s development, Panzerdog successfully raised funding from Finnish family investment company Aii Capital.
The free-to-play Tacticool is currently in Closed Beta on iOS and Android. It’s scheduled for a soft launch in November 2017.