Nexters

The company story dates back to 2010 when Andrey Fadeev and Boris Gertsovskiy met.

[6] In 2014, the advertising campaigns for the games Hero Wars and Island Experiment on social media attracted regulatory scrutiny in Germany.

[3][9] Its flagship product, Hero Wars RPG, was downloaded 36 million times in 2020 on iOS and Android.

[10] In February 2021, Nexters announced it would go public on Nasdaq via a SPAC deal with Kismet Acquisition One Corp.[6][11] Kismet invested $50 million, while Nexters raised an additional $50 million from the Abu Dhabi-based Mubadala Investment Company and VPE Capital in July 2021.

[15] The deal brought Nexters approximately $150 million, which the company planned to use for expansion in the global market.

[18][19] In June 2022, the company launched a global relocation program, moving the vast majority of critical personnel from Russia, Ukraine, and Belarus to Cyprus, Kazakhstan, and Armenia.

[20] At the same time, its Russia-based subsidiaries were divested by transferring the gaming business in Russia to local management.