Los Angeles
– Alawar Entertainment, a Russia-based casual games publisher, has received a
$3 million equity investment from Almaz Capital Russia Fund, which will hold a
23% stake in the company, PaidContent reported.
Alawar, whose titles include
"Tales of Montezuma" and "Farm Frenzy," claims to account
for 70% of the Russian casual games market.
The company will use the funds to
expand its operations and international distribution.
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(PaidContent)
