Caucasus Venture continues to make investments. Now, Caucasus Ventures has invested in the local game studio Dynamic Box. The amount of the investment was not disclosed. Thus, the number of Caucasus Ventures portfolio startups increased to 10. About the investment, the head of the studio Shahin Aliyev made a statement to Tech.az Media:
"Dynamic Box is currently working mainly on 2 games: Project Tritium (multiplayer, RTS, mobile web3) and Project Tiny Ships (multiplayer, action/adventure, PC/next-gen console). Project Tiny Ships is the most complex and ambitious project developed in our country to date.
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We plan to spend the investment in several directions:
1) Renewal and increase of technical equipment
2) Preparation of internal projects
3) Participation in international events
With this investment, we closed the "pre-seed" round, and currently we are continuing our search for investments for the "seed round".
Dynamic Box game studio is a game studio established in Azerbaijan, and the studio has achieved various successes so far. Dynamic Box also conducts various events and projects for the development of the gaming sector.
Caucasus Ventures thus increased the number of startups it invested in to 10. The fund's capital is 11.3 million manats. Innovation and Digital Development Agency invested 5 million manats in the fund, "PASHA Holding" Group of Companies invested 5 million manats, and individual entrepreneurs invested 1.3 million manats. The "General Partner" of Caucasus Ventures is Mammad Karim.
