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MyGames grabs minority stake in Spanish dev The Breach Studios for $4.1 million

MyGames has indicated the investment could precede a majority acquisition.

Chris Kerr, News Editor

September 2, 2021

1 Min Read

Russian game company MyGames has invested €3.5 million ($4.1 million) into Spanish developer The Breach Studios in a bid to expand its global network of studios.

The deal has seen MyGames acquire a minority stake in the Barcelona-based company "with a path to control," and is the latest in a string of investments the firm has made through its MyGames Venture Capital (MGVC) fund.

The Breach Studios was established in 2018 by a group of industry veterans from Ubisoft, Gameloft, and Take-Two Interactive. The company is currently working on an unannounced co-operative shooter for PC and consoles, and believes MyGames is well placed to help it succeed in the genre by offering publishing, marketing, and development support.

"It was highly important for us to find an investor who has in-depth understanding of the game specifics, the product, and the genre we work with," said The Breach Studios co-founder and CTO, Jordi Guerrero.

"Among all other potential investors, the MGVC team was the first who asked us about our product and our ideas before going into financial details. We believe that together we will be able to bring a lot of new things to the co-op shooter genre, in which both we and MyGames have a rich expertise."

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2021

About the Author

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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