Cyprus-based investment company, Gem Capital, has revealed its new initiative to invest $50 million into gaming studios over the next two years. The company plans to allocate between $2 million and $5 million per selected games company, focusing primarily on pre-seed, seed, and Series A investments. Gem Capital, known for its previous investments in popular titles such as Atomic Heart, Pathfinder: Wrath of the Righteous, and This is the Police, has already completed over 20 deals in the gaming industry.
Gem Capital’s Gaming Portfolio Valued Over $100 Million
Gem Capital’s portfolio currently holds seven of the top 10 gaming startups in Cyprus, with a total valuation exceeding $100 million. With offices in Cyprus and the UAE, the company is experienced in investing in various sectors of the gaming industry. Their new fund will support a range of gaming projects, including free-to-play and midcore mobile games, premium PC and console games, and game tech companies. Roman Gurskiy, Managing Director at Gem Capital, emphasized that they have no specific genre preferences for investment.
Strategic Support and Guidance for Founders
Gem Capital boasts twin managing directors, Roman Gurskiy and Kirill Gurskiy, who are dedicated to providing comprehensive support to the founders they invest in. This support includes legal assistance, HR services, communication support, staff relocation, and strategic guidance from a network of industry advisors. Kirill Gurskiy expressed the importance of successful IPs being present on all platforms to attract a broader audience and generate more interest in the games.
Eastern Europe, Cyprus, and Middle East Origins
Gem Capital’s General Partner, Alex Bykhovskiy, highlighted the key factors in their investment decisions: founders, team, and vision. While the company invests globally, it particularly focuses on studios with origins in Eastern Europe, Cyprus, and the Middle East. Gem Capital has a track record of successful investments, including providing funding to Philip Gladkov, the former CEO of Pixonic, and recently contributing to AI startup Inworld’s latest funding round of $50 million.