Zubr Capital has announced a Series A investment in Soloband Games, marking a notable step in the continued expansion of Cyprus’ gaming and technology ecosystem.
The investment is expected to support Soloband Games as it scales its flagship mobile title, World Tour Merge, and strengthens its position in the competitive global mobile gaming market. The game operates within the fast-growing “Merge 2” genre, where players combine items to unlock new content and progress through levels.
Soloband Games currently employs a team of around 25 professionals, including founders with more than a decade of industry experience spanning game design, live operations, and product scaling. The development team includes talent with prior experience at established studios such as Playrix and Melsoft. Early-stage backing also came from industry veterans Andrei Yarantsau and Alexander Shilyaev, who provided both capital and operational guidance.
The investment comes amid strong growth expectations across the global mobile gaming market, with in-app revenues projected to approach $100 billion by 2028. Within this environment, Soloband Games has reported encouraging early traction, surpassing one million downloads for its flagship title and maintaining a high player rating alongside improving revenue performance.
According to Nikita Krivelevich, Soloband Games aligns with the firm’s investment strategy of backing companies with proven product-market fit, strong retention metrics, and clear scaling potential. The investment is intended to help the studio expand its content offerings, improve monetization strategies, and enhance long-term player engagement.
Aleksandr Kislitsyn described the investment as a turning point for the company, noting that the funding will support the scaling of its flagship product, expansion into new international markets, and optimization of user acquisition and live operations strategies.
For Zubr Capital, the transaction reflects its broader focus on high-growth technology businesses with international potential. The firm manages approximately $250 million in assets across 30 technology companies, including two unicorn investments. Its investor base includes major institutional backers such as the European Bank for Reconstruction and Development and the Dutch Entrepreneurial Development Bank, as well as industry participants including Wargaming.
The deal also highlights Cyprus’ growing importance as a regional hub for technology and gaming innovation, supported by increasing inflows of international capital and expertise into the local ecosystem.
Source: Cyprus Mail