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Russian Fund Invests $1.5 Million in LAVA-Online

Files under: Tech
Posted by: Quintura @ 17:58 [8. 12. 07]

Several new massive multiplayer online role play games (MMORPG) to be launched in Russia in 2008.

LAVA-Online Oradell Capital, a venture capital fund of private shareholders of IBS Group made an investment in VR Ocean, a holding company for a new multiplayer, browser-based, online game LAVA-Online. According to Vedomosti business daily Oradell invested $1.5 million in VR Ocean.

The other owner of VR Online is the U.S.-Russian software development company EnterNetica.

LAVA-Online is scheduled to be released in February 2008.

The other multiplayer games that are being developed include W.E.L.L. Online from Sibilant Interactive and Allods Online from Nival Online.

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