Jarvi Games announced that it has raised $3 million in a seed series funding round.

The investment round was led by Play Ventures with participation from Velo Partners and The Games Fund.

Jarvi Games was established in 2021 by Alexander Lysenko, Ihor Lysenko, Dmitry Burnos, and Serhii Hrynenko.

The studio is currently working on its Grand Theft Auto-inspired title Vice Online. The developer said that its new funding will go towards its development and aims to launch the title in late 2023.

“We are thrilled that prominent international investors have faith in our vision and are backing us. We see a massive opportunity in the multiplayer games space, and we are committed to making bold and innovative moves,” said Lysenko.