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GEM Capital

17 Neofytou Nikolaide Avenue & Kilkis Street, Paphos, 8011, Cyprus

Overview

Gaming-focused investment company in private equity and venture capital.

Founded

2017

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
Cyprus
Finland
Norway
...

Sector focus

Augmented Reality
Casual Games
Mobile
Mobile Apps
...

Investment portfolio

14rounds
NAMEDATESIZE
Odd Meter
May 2026Led
$5 MOther Equity
Hypemasters
Dec 2025Participated
$1 MOther Equity
Studio 42
May 2025Participated
$4 MSeed
Eschatology Entertainment
Aug 2024Participated
$11 MOther Equity
AppMagic
Jul 2024Led
$3 MSeries A
Red Rover
Apr 2024Participated
$15 MSeries A
Order of Meta
Jan 2024Led
$3 MSeed
Sad Cat Studios
Oct 2023Led
$5 MOther Equity
Geeq
Sep 2022Led
$25 MOther Equity
Hypemasters
Jun 2022Led
$3 MSeries A
Skich
Apr 2022Led
$0.40 MSeed
Gameram
Jul 2021Led
$0.50 MOther Equity
Odd Meter
May 2026Led
$5 MOther Equity
Hypemasters
Dec 2025Participated
$1 MOther Equity
Studio 42
May 2025Participated
$4 MSeed
Eschatology Entertainment
Aug 2024Participated
$11 MOther Equity
AppMagic
Jul 2024Led
$3 MSeries A
Red Rover
Apr 2024Participated
$15 MSeries A
Order of Meta
Jan 2024Led
$3 MSeed
Sad Cat Studios
Oct 2023Led
$5 MOther Equity
Geeq
Sep 2022Led
$25 MOther Equity
Hypemasters
Jun 2022Led
$3 MSeries A
Skich
Apr 2022Led
$0.40 MSeed
Gameram
Jul 2021Led
$0.50 MOther Equity
14
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

GEM Capital: 14 funding rounds are recorded in the selected participation categories.All available history.
GEM Capital: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed21
Series A22
Other Equity52

Monthly Deal Activity

GEM Capital: 14 deals are recorded across 70 months.All available history.
GEM Capital: 14 deals are recorded across 70 months. All available history
MonthDeals
Jan '211
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '241
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

GEM Capital: Gaming & eSports is the largest displayed sector by deal count (11 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

GEM Capital: Gaming & eSports is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Gaming & eSports11
Enterprise Software5
Media & Entertainment2
Data, Analytics & IT2
Networks, Cloud & Communication1
Hardware & Robotics1
Real Estate & Construction1
Social & Community Platforms1
Consumer & Lifestyle1

Deal Size Distribution

GEM Capital: 14 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

GEM Capital: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M2
$10M-$25M2
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

GEM Capital: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

GEM Capital: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
United States4
Canada1
GEM Capital: 18 co-investors are shown, with The Games Fund sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

GEM Capital: 18 co-investors are shown, with The Games Fund sharing 4 recorded deals. All available history
Co-investorShared deals
The Games Fund4
Krafton2
Play Ventures2
Acequia Capital1
Arcadia Gaming Partners1
Autotelic Ventures1
Behold Ventures1
GPS Ventures1
Impact461
Korea Investment Partners1
Lifelike Capital1
Liquid 2 Ventures1
Ludus Ventures1
Metropolis VC1
Overwolf1
TIRTA1
Vibranium VC1
XTX Ventures1

Investment Strategy

GEM Capital: Led accounts for 64% and participating for 36% of round participation.All available history.
GEM Capital: Led accounts for 64% and participating for 36% of round participation. All available history
CategoryDeals (count)Share (%)
Led964%
Participating536%
GEM Capital: Single-lead accounts for 89% and co-led for 11% of lead dynamics.All available history.
GEM Capital: Single-lead accounts for 89% and co-led for 11% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead889%
Co-led111%

Team

Alex Bykhovskiy

Partner

Anatoliy Paliy

Founder & Managing Partner

Andrew Forsyth

Chief Financial Officer

Dmitry Kaysin

Investment Manager

Kirill Gurskiy, CFA

Managing Director

Roman Gurskiy

Managing Director