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

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."