GEM Capital
GEM Capital is a private equity and venture capital firm established in 2017 and headquartered in Limassol, Cyprus, with additional offices in Paphos and Dubai. The firm specializes in growth capital investments, focusing primarily on the gaming and entertainment sectors, as well as new materials and projects involving virtual reality. GEM Capital has emerged as a leading investor in the gaming industry, recognized for its significant contributions and influence in the sector, particularly within Cyprus, where it is the largest gaming-focused investor. The company actively supports promising startups with scalable business models and international ambitions, managing a diverse portfolio that includes over 25 projects from Europe, the US, and Israel. GEM Capital's reputation is further solidified by accolades such as its nomination for Investor of the Year at the MENA Games Industry Awards 2024 and being named Best Investor of 2021 by prominent industry media. Through its extensive networks, GEM Capital continues to foster innovation and growth in the gaming and entertainment landscapes.
Top Stages
Past deals in Cyprus
Eschatology Entertainment
Series A in 2024
Eschatology Entertainment is a Cyprus-based game development company that specializes in creating immersive hardcore gaming experiences. The company focuses on developing games set in apocalyptic themes, integrating storytelling and philosophical elements to enhance the gameplay. By providing a unique living game world, Eschatology Entertainment enables players to engage in narrative-driven adventures that challenge their perceptions and skills.
Game Garden
Venture Round in 2024
Game Garden Limited, founded in 2009 and based in Nicosia, Cyprus, is a prominent developer of mobile and social network games. With a player base exceeding 25 million globally, the company focuses on creating family-oriented games and has achieved significant success in its market segment, earning high ratings from users. Game Garden's portfolio includes a variety of game categories, such as puzzle, role-playing, and casual games, reflecting its commitment to providing diverse entertainment options. The company is recognized for its exceptional programming, art, and game design capabilities, supported by a team of highly skilled professionals. Its games consistently rank at the top of major platforms, including the Apple App Store, Google Play, and Amazon Store.
Eschatology Entertainment
Seed Round in 2022
Eschatology Entertainment is a Cyprus-based game development company that specializes in creating immersive hardcore gaming experiences. The company focuses on developing games set in apocalyptic themes, integrating storytelling and philosophical elements to enhance the gameplay. By providing a unique living game world, Eschatology Entertainment enables players to engage in narrative-driven adventures that challenge their perceptions and skills.
Unfrozen
Seed Round in 2022
Unfrozen Studio is a game development company founded in 2016 by Denis Fedorov and Vladimir Zatolokin, with its headquarters located in Limassol, Cyprus. The studio specializes in creating tactical games and role-playing games within the roguelike genre, leveraging over 15 years of combined experience in the gaming industry. Unfrozen is known for its titles such as Iratus: Lord of the Dead and Iratus: Wrath of the Necromancer, which are available on platforms like Steam and GOG. The company is actively engaged in the development of a new unannounced project while also providing ongoing support and updates for its existing games.
Unfrozen
Pre Seed Round in 2021
Unfrozen Studio is a game development company founded in 2016 by Denis Fedorov and Vladimir Zatolokin, with its headquarters located in Limassol, Cyprus. The studio specializes in creating tactical games and role-playing games within the roguelike genre, leveraging over 15 years of combined experience in the gaming industry. Unfrozen is known for its titles such as Iratus: Lord of the Dead and Iratus: Wrath of the Necromancer, which are available on platforms like Steam and GOG. The company is actively engaged in the development of a new unannounced project while also providing ongoing support and updates for its existing games.
Vestan
Pre Seed Round in 2021
Vestan Limited, founded in 2018 and based in Nicosia, Cyprus, specializes in the development of software and technologies for streaming and communication. The company is recognized as a global leader in VR streaming technology, focusing on the reliable broadcasting of live-streamed 4K quality virtual reality images. Vestan's offerings include innovative camera systems equipped with high frames per second recording capabilities, which enable clients to effectively integrate VR content into their projects while optimizing data transfer costs. Through its advancements in streaming technology, Vestan aims to enhance the user experience in virtual reality applications.
Game Garden
Seed Round in 2020
Game Garden Limited, founded in 2009 and based in Nicosia, Cyprus, is a prominent developer of mobile and social network games. With a player base exceeding 25 million globally, the company focuses on creating family-oriented games and has achieved significant success in its market segment, earning high ratings from users. Game Garden's portfolio includes a variety of game categories, such as puzzle, role-playing, and casual games, reflecting its commitment to providing diverse entertainment options. The company is recognized for its exceptional programming, art, and game design capabilities, supported by a team of highly skilled professionals. Its games consistently rank at the top of major platforms, including the Apple App Store, Google Play, and Amazon Store.
Deus Craft
Seed Round in 2019
Deus Craft is a mobile games development studio located in Limassol, Cyprus. The company specializes in creating casual and arcade games across a variety of genres, including time management, match games, 3D experiences, first-person shooters, and hidden-object puzzle adventures. Additionally, Deus Craft develops miniature games and titles aimed at children, showcasing a diverse portfolio that caters to a wide audience of gamers.
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