Kurt Farrugia, CEO of Malta Enterprise, has lauded the accomplishment of Malta-based video games development studio, YouRun Ltd, which officially released its game Warshmallows yesterday onto Steam, the global video game digital distribution service.
“Malta keeps attracting high value investment. Well done all [at] YouRun LTD,” Mr Farrugia wrote on social media.
The video game is a project approved by Malta Enterprise, the economic development agency tasked with attracting new foreign direct investment to the island.
“This is not only an important milestone for the company but also another accomplishment for the wider digital games ecosystem in Malta. Congratulations to Walid Sultan Midani and all the team at YouRun LTD,” the agency wrote.
The studio’s founder, Mr Midani, thanked the agency for its valuable support for the launch of Washmallows. “The journey is just starting and we still have a lot to do together with all the video games and eSports ecosystem in Malta.”
Based in San Gwann and founded in 2017, the studio’s vision is to mix the casual gaming axes with eSports and animated series to create a new combined consumer experience.
Antonio Ghio is an IT Law expert and has been with the firm for the past 25 years.
He said that private equity and venture capital play a vital role in modern, innovation-driven economies.
Prior to taking up the post, she worked in a number of financial positions in the hospitality industry.
'I’m incredibly excited about what comes next,' he said.