The merger values Nexters at $1.9 billion. In February 2021, Nexters announced it will go public on the Nasdaq via a SPAC deal with Kismet Acquisition One Corp. Īs of 2020, Nexters total installs surpassed 100 million. As of 2020, 35% of the company's net bookings came from the United States, 23% from Europe, and 19% from Asia Its flagship product, Hero Wars RPG, was downloaded 36 million times in 2020 on iOS and Android. Nexters generated $318 million in bookings and $120 million in free cash flow to equity (FCFE) in 2020. In the summer of 2018, the founders of Playrix, brothers Igor Bukhman and Dmitry Bukhman acquired a stake in Nexters. By 2018, Nexters makes the strategic decision to focus on mobile games development and scaling those games. At the same time, they also released Hero Wars, an action RPG that soon became a global hit. In 2016, Nexters established its new headquarters in Cyprus. This led to Nexters’ first release, Island Experiment, a casual game for social networks. In 2013, Progrestar released Throne Rush, a strategy game ultimately becoming one of the most popular social games on Facebook and VK.įinally, in 2014, Andrey and Boris decided to form Nexters.
Both teams moved into a new, shared office space and would regularly share best practices and hold cross-company events. Not long after, Crazy Bit and Progrestar began a partnership. In 2010 Andrey Fadeev was running Progrestar, a social games development studio, when he first met Boris Gertsovskiy, a future friend and fellow game developer.īy 2012, Boris Gertsovskiy had become the President of Crazy Bit, also a social games development studio.
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