Mobile game studio Million Victories, developer of the multiplayer strategy game Million Lords, today announced the successful completion of a nearly $40 million funding round comprising primary and secondary investments by U.S. private equity firm Haveli Investments. Million Victories, which has doubled revenue annually since its founding in 2017, intends to use the capital provided by Haveli to expand its operations and presence on a global scale.
Haveli will partner with Million Victories to build on its strong momentum, with a focus on the recruitment of strategic talent and a ramp up of investment in production, marketing, and user acquisition in key markets, including the United States, France, Germany, and the United Kingdom. The Company also intends to pursue expansion in high-potential Asian markets, especially South Korea and Japan. As part of this growth, Million Victories is seeking to double its workforce by 2027, notably hiring for several key positions: Game Director, Live Ops Director, CTO, Growth Lead, and Senior UA Managers.
“I’ve been truly impressed by Haveli’s deep expertise and genuine passion for gaming. Haveli understands the vision behind Million Lords and what we’ve already accomplished. Their support goes far beyond funding — they’re leveraging their team’s decades of experience in the gaming industry to help us make smarter decisions, move faster, and ultimately achieve our full potential as a leading mobile gaming company,” said Benoît Ducrest, co-founder and CEO at Million Victories.
“Million Victories has achieved remarkable progress since its inception, and we are extremely proud to partner with Benoit and the Million Victories’ team on their next phase of growth and development,” said Hunter Handler, Principal at Haveli Investments.
“In a large and competitive strategy market, Million Lords is a highly differentiated title that is seeing exceptional growth because of the team’s unique approach and unwavering dedication to the game – we are thrilled to support Million Victories as they execute their long-term plan to grow Million Lords on a global scale,” added Diwakar Rao, Principal at Haveli Investments.
Already backed by Griffin Gaming Partners and Eurazeo, Million Victories’ Million Lords has over 4 million players worldwide and continues to establish itself as a benchmark in the 4X mobile strategy game genre and aims to expand its leadership position as it scales worldwide.
