Developer and publisher Kwalee has recently made a strategic move by acquiring a minority stake in indie label Devolver Digital. The company proudly announced that it now holds 3.58 per cent of the indie publisher, signaling a new chapter in its business expansion.
Strategic Investment and Vision
Kwalee’s founder, David Darling CBE, expressed gratitude towards Harry and the Devolver team for the opportunity to invest in such a renowned brand known for its category-defining games. This investment is seen as a step towards Kwalee’s goal of diversifying beyond its hyper casual mobile core business.
Despite acknowledging the current challenges in the gaming industry, Darling remains optimistic about its long-term prospects. He highlighted the evolving economics of the industry, emphasizing the growing importance of scale and financial strength in a landscape where funding opportunities are becoming scarce.
Commitment to Innovation
With ambitious plans for growth, Kwalee aims to collaborate with industry leaders to create engaging and enjoyable games for players worldwide. This strategic investment in Devolver Digital reflects Kwalee’s commitment to innovation and partnership within the gaming sector.