Gaming investment firm Mika Games has emerged onto the scene with a $50 million investment fund aimed at bolstering the mobile games industry. Spearheaded by Nick Katselapov, co-founder of Wargaming, the company's mission is to offer financial backing to mobile game studios during their soft launch phases, setting them on a path toward self-sufficiency.

With an initial investment of $10 million secured, primarily led by venture capital firm Flint Capital, Mika Games has wasted no time in deploying funds to support promising ventures. Already, they've invested in two mobile studios: Hot Siberians and Guli Games.

Driven by a profound enthusiasm for mobile gaming, Katselapov underscores the importance of investing in this burgeoning platform. He sees mobile gaming as an accessible avenue for budding projects to receive vital support in terms of financing and strategic guidance.

The timing couldn't be better, with the mobile gaming market projected to soar to $111.4 billion this year. Mika Games aims to capitalize on this growth by focusing on mobile-first, free-to-play live service games that exhibit strong monetization potential.

Katselapov points out a sobering statistic: 83% of mobile games falter within three years, often due to a lack of financial resources and business mentorship. Mika Games intends to address this gap by assisting studios in scaling up operations, aiming to achieve a monthly revenue milestone of at least $1 million.

Embracing a decentralized operating model, Mika Games empowers its teams with the necessary resources to thrive, fostering an ecosystem where shared knowledge and collaboration breed success.

Source: adapted from an article by Isa Muhammad, Staff Writer for PocketGamer.biz.