Studio42 raises $3.6m to accelerate mobile game development
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| May 15, 2025 | investment | Studio42 | $3.6m |
Mobile games developer Studio42 has secured $3.6 million in seed funding.
Based in Cyprus, the team said it will use the funds to accelerate development of its debut title and support “rapid" iteration of new product ideas.
The round was led by Play Ventures, with participation from GEM Capital and Arcadia Gaming Partners.
Studio42 was founded by former Belka Games leaders Aleksandr Bogdanov, Ivan Larionov, and Pavel Sudakov in February 2025.
During Bogdanov's seven-year tenure as CEO of Belka Games, the Clockmaker developer expanded its team, opened six offices in European, and launched titles such asSolitaire Cruise, Bermuda Adventures, and Roger That.
Creating new experiences
Studio42 is currently developing its first original game, blending classic puzzle mechanics with a hybridcasual approach.
The company said it aims to follow a rapid iteration process, moving from concept to live testing within two months. Studio42 also leverages AI to test all product hypotheses and wants to evaluate up to 10 new ideas annually.
“We are excited to partner with Play Ventures, GEM Capital, and Arcadia Gaming Partners and take the next step in our journey,” said Studio42 CEO Aleksandr Bogdanov.
“Their support allows us to focus on what we do best — creating simple yet deeply engaging experiences. We believe that genius lies in simplicity, and together, we are ready to bring fresh ideas to the puzzle genre.”
Companies
