Mbile developer Studio 42 has raised $3.6 million in a seed funding round led by Play Ventures, with participation from GEM Capital and Arcadia Gaming Partners.
The investment will be used to support development of its debut title and future product ideas. Based in Cyprus, Studio 42 currently has a team of 14 people working across four countries.
The studio was founded earlier this year by CEO Aleksandr Bogdanov, COO Ivan Larionov, and CPO Pavel Sudakov, who were previously leaders at Belka Games.
“We are excited to partner with Play Ventures, GEM Capital, and Arcadia Gaming Partners and take the next step in our journey,” said 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.”
Play Ventures founding partner Henric Suuronen added: “We’re thrilled to back Alexsandr, Ivan, Pavel, and the incredible team they’ve brought together at Studio 42.
“From the start, we were aligned with their vision – reimagining core puzzle mechanics through a hybrid-casual lens, with live ops as a strategic driver. Their track record speaks for itself, and we couldn’t be prouder to support them.”
