News

Mangrove Capital Partners, the lead European venture fund and ABRT, the Russian Venture Fund have today announced that the first round of funding for the social games vendor Drimmi, which has been created by Nikita Sherman, has finished.

Focusing on the development and promotion of their own social games, Drimmi aims at becoming the No 1 vendor in Russia. With an active team of 20 people Drimmi is planning on widening its resources and the number of the games in development and to make the regional vendor offices net. The Company Drimmi works out the unique system of decisions for social games analytics and marketing.

«The social games sector is today the one of the fastest growing and dynamically progressing on the Internet. Starting with Russia and Russian-speaking audience we’ll give the audience the unique game play and pleasure from playing. Obviously the most important factor here is the existence of the responsible partners. That’s why, I’m glad that Venture Fund ABRT and Mangrove Capital Partners with their successful investment history will support Drimmi at the start and widening stages. We intend to invest extensively in the team, hiring experienced professionals. High quality standards of our products will also require great spending. The active Russian and world market expansion is planned», Nikita Sherman commented.

The Company Drimmi was started in September 2009 by the ex-president of the social network Odnoklassniki.ru. The key aims of the company are: to gain a leading position at the Russian game applications market and to provide a successful product export to the major western networks.

Now Drimmi is finishing the development of its first game.; 5 products more are to be produced by June 2010. 10 products are going to be produced by the end of the year.

David Waroquier, the Mangrove Capital Partners fund partner, noticed:

«Russia is the fast-growing and dynamic market for the social networks. The games here can be described by the high implicating rate of the gamers and the successful monetization history. We are proud of having made a new deal in Russia and we are going to support Nikita with his new child. In the name of Nikita and his key team we invest in the best professionals in the field.