Nival develops cross-platform strategy games and has created franchises including Blitzkrieg, Heroes of Might and Magic V, Silent Storm, Etherlords and Allods. The company is working on several unannounced titles, the role-playing PC strategy game Prime World, and the cross-platform tower defense game Prime World: Defenders. Founded in 1996 by Sergey Orlovskiy, Nival employs more than 200 people across four development studios in Hallandale, Florida; Moscow and St. Petersburg, Russia; Kiev, Ukraine and Minsk, Belarus. The company raised $6M in a Series A round and said it will use the funds to expand into global markets. In conjunction with the funding, Pavel Bogdanov, general partner at Almaz Capital, joined Nival’s board. Previous investors include Sergey Orlovskiy, 1C and Mail.ru Group. Nival Network is a Moscow-based social games company and part of the Nival Group, formed in September 2008. It operates MMOG and browser-based titles including Dragonica, Shaiya: Light and Darkness, Cabal Online, Level-R, Khan Wars 2.0 and music game RockFree, and runs the ZZima online gaming and social networking portal. The company has game development studios in Moscow and Minsk. Nival Network raised $7 million in the reported financing, giving it a post-money valuation of $32 million. Investors in the round include DST, software vendor 1C (a previous investor) and Nival Group founder and CEO Sergey Orlovskiy. The broader Russian online game market was valued at $238 million in 2009, with MMOGs accounting for roughly $210 million and casual games about $28 million. Nival Network is a Russian online game developer whose portfolio includes MMOGs such as Dragonica, Shaiya: Light and Darkness, Cabal Online, the multiplayer racer Level-R, browser strategy Khan Wars 2.0, and music game RockFree. It also runs the online gaming and social networking portal ZZima and has development studios in Moscow and Minsk. Formed in September 2008 and majority owned by founder and CEO Sergey Orlovskiy, software vendor 1C Group holds a 30% stake in the company. Nival recently closed a $5 million financing round from an undisclosed investor. The company will use the funds to develop Prime World, an online strategy game with social networking features targeted at Russia and former Soviet countries. The article cites the broader Russian online game market at $238 million in 2009, with MMOGs accounting for about $210 million and casual games $28 million.

Total raised

$18M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2013