GEM Capital
VC Fund
Paphos, Cyprus
GEM Capital is a VC fund in Paphos focused on Gaming and Video Games. GEM Capital is one of the top gaming VC investors. This international investment company established in 2017 operates in private equity and venture capital markets. Today there are more than 25 projects with origins in Europe, the US and Israel in GEM Capital’s portfolio. GEM Capital's office is located in Paphos, Cyprus.GEM Capital focuseson the Games & Entertainment and Enterprise VC investment areas. GEM Capital also considers outstanding targets in other industries. GEM is always in search of promising creative business founders.Utilizing extensive networks in Europe, Israel and the US, GEM Capital manages to find and support the most promising projects in its targeted industries. GEM Capital highly values companies and startups with international ambitions and scalable business models.GEM Capital was named Best Investor of 2021 by App2top (the leading business media in Eastern Europe). In most recent InvestGame H1 2023 Gaming Deals Activity Report GEM Capital was included in the list of top-10 gaming VC funds (#5 place by number of deals and #8 place by deals value). Based on rating of Inc., 3 out of 7 most promising gametech companies from Eastern Europe are portfolio companies of GEM Capital. Based on rating of Mobidictum, 7 out of 10 top games startups emerging from Cyprus are portfolio companies of GEM Capital.
- Total investments:
- 72
- Last investment:
- Lead investor:
- 81%
Last updated:
For AI agents: llms.txt
Industries GEM Capital invests in
Stages GEM Capital invests in
Countries GEM Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1M–$5M
- Pre-Seed
- $400k–$2.5M
- Series A
- $3M–$15M
Investment Focus
Industry
- Gaming 10 (14%)
- Video Games 10 (14%)
- Mobile Apps 6 (8%)
- PC Games 5 (7%)
- Online Games 5 (7%)
Stage
- Seed 18 (25%)
- Pre-Seed 6 (8%)
- Series A 6 (8%)
- Venture - Series Unknown 3 (4%)
- Funding Round 2 (3%)
Country
- Cyprus 11 (15%)
- United States 5 (7%)
- Israel 1 (1%)
- Poland 1 (1%)
- Belarus 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Kirill Gurskiy
Games & Entertainment Leader
|
Games & Entertainment Leader | Total investments: 22 | Find email | |
Alex Bykhovskiy
Partner
|
Partner | Total investments: 0 | Find email | |
|
Anatoliy Paliy
Founder & Managing Partner
|
Founder & Managing Partner | Total investments: 0 | Find email | |
Andrew Forsyth
Chief Financial Officer
|
Chief Financial Officer | Total investments: 0 | Find email | |
Dmitry Kaysin
Investment Manager
|
Investment Manager | Total investments: 0 | Find email | |
| See all 6 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Odd Meter
|
Odd Meter develops video games across PC, VR, and console platforms. Focuses on action, adventure, and simulation genres. | $5M / Seed / May 13, 2026 | |
Hypemasters
|
Hypemasters is a mobile games studio. Hypemasters create genre-defining games that players all over the world will enjoy for years. | $1M / Dec 09, 2025 | |
|
Hypemasters
|
Hypemasters is a mobile games studio. Hypemasters create genre-defining games that players all over the world will enjoy for years. | $1M / Dec 09, 2025 | |
SpeedyDD
|
SpeedyDD is a cloud-based KYB (Know Your Business) compliance and due diligence platform that helps regulated businesses automate their entire client onboarding and compliance lifecycle. Built for Corporate Service Providers (CSPs), Payment Service Providers (PSPs), Electronic Money Institutions (EMIs), and iGaming operators, SpeedyDD replacesfragmented, manual compliance workflows with a single ISO 27001-certified environment. The platform covers automated client onboarding with white-label embeddable forms, centralized document management with expiry tracking and automated renewal workflows, real-time PEP, sanctions, and adverse media screening, KYB verification against company registries, KYC person verification for directors and UBOs, risk profiling with customizable weighted questionnaires, immutable audit trails, and company structure visualization. SpeedyDD has onboarded 4,000+ clients, manages 130,000+ compliance documents, and has completed 1,500+ screening checks. Customers include Hero Gaming and Rhino Entertainment (Malta iGaming operators) and Paydirection (payments). The platform is ISO 27001 certified, GDPR compliant, and includes a Chrome extension for automated form filling. SpeedyDD is a member of the NVIDIA Inception program, supporting AI-driven innovation in the RegTech space. | $1.5M / Seed / May 16, 2025 | |
Studio42
|
Studio42 is a mobile development company and gaming studio that makes amusing puzzle games. | $3.6M / Seed / May 14, 2025 | |
Skich
|
Skich is smartphone software that solves the problem of finding a game easily. The software offers game-screening tools in a variety of settings, allowing gamers to discover new games. Skich assists mobile users in finding games that are more relevant to their interests. | $1.5M / Pre-Seed / Mar 05, 2025 | |
Gameram
|
Gameram is a social platform with a wide variety of features that allow gamers to connect, communicate via chat and calls, play together, discover new games, share and watch content, and form communities. | $3.9M / Seed / Jan 15, 2025 | |
Eschatology Entertainment
|
Eschatology Entertainment is a Cyprus-based game developers that creates an immersive hardcore experiences in a unique living game world. | $11.3M / Series A / Aug 14, 2024 | |
|
Eschatology Entertainment
|
Eschatology Entertainment is a Cyprus-based game developers that creates an immersive hardcore experiences in a unique living game world. | $11.3M / Series A / Aug 14, 2024 | |
AppMagic
|
AppMagic is a mobile apps market intelligence SaaS | $3M / Series A / Jul 23, 2024 | |
| See all 72 investments → | |||
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FAQ
What does GEM Capital invest in?
GEM Capital invests primarily in Gaming, Video Games and Mobile Apps startups, most often at Seed and Pre-Seed stage. Most of the 72 investments tracked by Shizune back companies in Cyprus. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is GEM Capital's check size?
GEM Capital typically joins rounds of $1M–$5M at Seed, $400k–$2.5M at Pre-Seed and $3M–$15M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds GEM Capital participates in.
How do I contact GEM Capital?
Public channels for GEM Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at GEM Capital?
The team at GEM Capital includes Kirill Gurskiy (Games & Entertainment Leader), Alex Bykhovskiy (Partner) and Anatoliy Paliy (Founder & Managing Partner), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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