Led · Equity · May 2026

Odd Meter is an independent developer focused on narrative-driven games, whose 2024 title INDIKA earned broad critical acclaim and multiple international awards and nominations. The studio is using the newly announced $5 million investment from GEM Capital and Autotelic Ventures to expand its team and increase production capacity. Leadership says the funding will let the company grow without sacrificing creative independence as it develops its next project, which remains unannounced. Odd Meter has emphasized applying lessons from INDIKA to push its narrative and artistic ambitions further. No revenue, user metrics, founding year or location were disclosed in the article.

Participated · Equity · Dec 2025

Founded in 2019 by Boris Kalmykov and Ekaterina Bazhanova, Hypemasters builds competitive, mid-core strategy games for mobile and PC platforms. Its flagship game, World War Armies, anchors a portfolio that has attracted more than 7 million players worldwide. The studio operates across the United States, Europe and the Middle East, with its primary development centre located in Abu Dhabi. Current efforts include a new strategy title that is already in soft launch, alongside several other projects in the pipeline. Management emphasizes “competitive depth and precise game design” to meet the expectations of committed strategy players. Looking ahead, the company plans to deepen its regional presence and release the next generation of high-quality strategy games. Financially, Hypemasters has just secured an additional $1 million to fund expansion and product development, underscoring investor confidence in its growth trajectory.

Participated · Seed · May 2025

Studio 42 is a Cyprus-based mobile games studio building its debut original hybrid-casual puzzle title. The company employs a 14-person team across four countries and is actively hiring as it scales development and tests new IP. Studio 42 has adopted a rapid iteration strategy: its first prototype moved from concept to live testing in two months. The team uses AI to test 100 percent of product hypotheses and aims to evaluate up to 10 new ideas per year. Investors highlighted live ops as a strategic driver as the studio seeks to reimagine core puzzle mechanics with metagame elements. The company raised external capital to accelerate development and experimentation in a competitive puzzle market.

Participated · Equity · Aug 2024

Eschatology Entertainment, founded in 2022 by Fuad Kuliev, Dmytro Kostiukevych, Boris Nikolaev, and Viktor Antonov, is a Nicosia, Cyprus-based gaming studio. The company creates a new generation of immersive hardcore experiences set in a new apocalyptic living game world. The studio is preparing to launch its first project. It raised €10.2m in funding led by KRAFTON, with participation from GEM Capital and The Games Fund. Eschatology plans to use the proceeds to expand operations and its development efforts to launch upcoming games.

Led · Series A · Jul 2024

AppMagic builds an analytics platform for mobile applications, offering data on market shares, app metrics, and app revenues. Its solution provides customers with insight into players' market positions and monetization performance. The company intends to accelerate development of new analytical tools to expand product capabilities. AppMagic will also establish sales departments in the United States, China, South Korea, and Japan to scale commercial operations. The startup raised $3 million in a Series A to fund these initiatives. AppMagic was founded by Maxim Samorukov in 2018.