Balancy Secures $700k

Balancy Secures $700k

Business

14 March 2024 08:10

Balancy has secured $700k in funding led by mobile industry veterans. The funds will be used to expand Balancy's software platform, aiding small and mid-size studios in managing and monetizing live service games. Investors include Max Kamenkov, Radostin Petrov, Sergei Kovalenko, and Seth Sivak. Balancy was founded in 2022 by Pavel Ignatov, Andrei Apanasik, and Julia Iljuk, who have 30 years of combined industry experience.

Pavel Ignatov stated '"We aim to empower promising midsize and smaller studios to navigate the competition amid a challenging market and the highest CPI (cost per install) numbers in mobile history."

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