Lyon-based mobile developer Million Victories has raised nearly $40 million in a funding round led by private equity firm Haveli Investments.

The investment will be used to expand its operations globally, and recruit talent to support the production and marketing of its title Million Lords.

It aims to double its team by 2027, and is hiring for key positions including game director, live ops director, CTO, growth lead, and senior UA managers.

Million Victories will also use the funding to expand its user acquisition efforts in territories including France, the United States, Germany, and the United Kingdom, as well as in Asian markets like South Korea and Japan.

“Haveli understands the vision behind Million Lords and what we’ve already accomplished,” said Million Victories CEO and co-founder Benoît Ducrest.

“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.”

Principal at Haveli Investments Diwakar Rao added: “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.”

Million Victories secured $1.4 million at launch in 2019, then $3 million in a Series A funding round led by Griffin Gaming partners in 2021.

The developer raised a further $6.5 million in 2023, with participation from Eurazeo and Griffin Gaming Partners.