HomeCyprusNarwhal Accelerator Launches To Support Next-Gen Game Tech Startups

Narwhal Accelerator Launches To Support Next-Gen Game Tech Startups

Narwhal Accelerator, a Nicosia, Cyprus-based gaming industry initiative dedicated to supporting startup gaming and game tech companies across Europe, LATAM, and MENA regions, launched its program.

Narwhal Accelerator offers a comprehensive support package that includes $100K in capital financing and an additional $100K in the form of essential operational services: legal, HR, talent acquisition, and legal entity establishment. Understanding the competitive nature of the industry, the program aims to support gaming studios by leveraging its network of partners and arranging introductions to investors, publishers, and service providers.

The team is led by Dmitrii Filatov, former funding lead at Xsolla and executive producer at MY.GAMES Venture Capital (MGVC), and Grigory Bortnik, former MGVC investment associate and Owlcat Games investment director. They are joined by Ilya Karpinskiy, a seasoned entrepreneur with over 20 years of experience in the gaming industry. Karpinskiy previously founded MGVC and currently serves as General Partner in The Games Fund (TGF) and Co-Founder of Owlcat Games. With their combined expertise, Narwhal Accelerator emerges as a beneficial partner for emerging gaming companies and VCs, providing essential services for startups and focused support in securing capital and structuring business. Investors and publishers will be able to partner with prospective studios from Narwhal’s roster and get extra support with product and business reviews for the studios in their own portfolios.

The Narwhal team has assisted companies–including Cyprus game developer Obelisk and US-based 1M Bits Horde, known for their title Spirit of the Islands– with fundraising, team management, and business development.

Commenting on the launch, Dmitrii Filatov said: “While accelerators are quite common in the larger IT industry, they aren’t so active in the games industry. Realizing that, our team understands the importance of bridging the existing gap between investors and developers. Our goal is to assist promising teams in reaching VC investors and publishers, supporting potential “narwhals’” growth and success through a host of our supporting services that cover the most vital business aspects, especially for early-stage companies.”

VCWire

25/01/2024