Veterans of Xsolla and MyGames Venture Capital (MGVC) today announced the launch of a Narwhal Accelerator. This new accelerator aims to connect up-and-coming gaming companies and startups to support, resources, and investment funding.
Dmitrii Filatov, formerly Xsolla’s funding lead and MGVC’s executive producer; and Grigory Bortnik, former MGVC investment associate and investment director at Owlcat Games are leading Narwhal Accelerator. They’re joined by Ilya Karpinskiy, co-founder of Owlcat Games and general partner in The Games Fund.
According to the founders, Narwhal’s purpose is to provide support services to gaming startups. Their support package offers up to $100,000 in capital financing and another $100,000 for services such as legal, HR, talent acquisition, and legal entity establishment. It can also support connections between studios in its roster and investors and publishers. According to Narwhal’s website, the initiative asks for a small stake of company shares in return.
Our goal is to assist promising teams in reaching VC investors and publishers, supporting potential ‘narwhals growth and success through a host of our supporting services that cover the most vital business aspects, especially for early-stage companies, said Filatov.
We are genre and platform-agnostic. The key question for us is the team’s potential to build a solid business and release a successful product. With our funding and support, we aim to convince investors that our portfolio studios have the potential to grow and become industry highlights, added Bortnik.
The Narwhal Accelerator aims to provide a comprehensive support system for gaming startups, bridging the gap between their aspirations and the resources required for success. Through a multi-faceted approach, Narwhal offers not only financial support but also crucial services like legal guidance, HR assistance, talent acquisition, and assistance in establishing a legal entity.
With up to $100,000 in capital financing available, along with an additional $100,000 for support services, Narwhal Accelerator is positioning itself as a vital resource for gaming startups looking to secure the necessary funding and support system to thrive in the competitive gaming industry.
One of the key advantages Narwhal Accelerator offers is its ability to facilitate connections between its roster of studios and potential investors and publishers. This networking opportunity can be instrumental in securing additional investments and partnerships that are essential for growth and expansion.
The Narwhal team remains focused on identifying promising teams with the potential to build sustainable businesses and release successful products. By providing funding and support services, Narwhal Accelerator aims to attract the attention of venture capital investors and convince them of the remarkable potential within its portfolio studios.
As the gaming industry continues to evolve and expand, the need for comprehensive support systems for startups becomes increasingly apparent. Narwhal Accelerator is well-positioned to fill this gap, offering a wide range of resources and support to ensure the growth and success of the next generation of gaming companies.
With their genre and platform-agnostic approach, Narwhal Accelerator welcomes startups from all gaming sectors. The primary consideration lies in the team’s potential to develop a solid business model and deliver an exceptional product to the market. By fostering an environment of collaboration, innovation, and industry networking, Narwhal Accelerator is poised to become a significant player in the gaming startup landscape.
Game development startups seeking guidance, capital financing, and industry connections need look no further than Narwhal Accelerator. With its team of seasoned experts and a comprehensive support package, Narwhal Accelerator has the potential to transform promising startups into industry leaders.
In a rapidly evolving gaming industry, where opportunities for startups abound, Narwhal Accelerator aims to be the guiding force that propels these early-stage companies towards growth, success, and recognition on a global scale.
