US game publisher takes control of Ukrainian studio Hologryph

By Artur Kachur / November 30, 2020

Last week US game publisher TinyBuild announced a $3 million investment in Hologryph, a Ukrainian game studio known for the game Secret Neighbor. Hologryph’s valuation was not disclosed, but VentureBeat reported that the deal will give TinyBuild a majority stake in the company.

Hologryph studio is based in Lviv, Western Ukraine, and has 11 employees with plans to expand to more than 20. Its flagship game Secret Neighbor features a group of kids trying to sneak into the house of their creepy neighbor.

TinyBuild’s CEO Alex Nichiporchik said in an email to GamesBeat that the investment will be used to expand the Hologryph team as it works on a next-generation console game.

Topics: Finance, Games, International, Lviv, M&A, News, Regions, Startups, Venture/Private equity

About

Artur Kachur

Artur Kachur is junior venture expert at Ukraine Digital News. A graduate from the Taras Shevchenko National University (Kyiv) and a student at Minerva Schools at KGI (USA), he acquired substantial experience in investment banking and venture business while working in a leading venture fund and an international consultancy.

http://uadn.net

About

Ukraine Digital News

Established in 2014, Ukraine Digital News (UADN.NET) is the first English language international information platform dedicated to the Ukrainian digital and IT industries. As a free resource, it provides news, market data, business analysis and updates pertaining to the Internet, e-commerce, IT services, software development, hardware and other innovation in the country as well as to related investment activity and the legal environment. UADN also conducts or participates in research activities that provide local and international audiences with in-depth analysis and quality data on these industries. UADN is published by Belgian company International Digital News.

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