Top 10 Video Games Startup Investors in Cyprus in September 2025
A list of 10 angel investors and VC (Venture Capital) funds that invest in Video games startups based in Cyprus. We rank investors based on the number of investments they made in Video games companies from Cyprus. We update this investor list every month.Top 10 Video Games Startup Investors in Cyprus in September 2025
| Investor | Video Games Cyprus investments | 
|---|---|
| GEM Capital | 5 | 
| The Games Fund | 3 | 
| Vladimir Nikolsky | 2 | 
| Almaz Capital | 1 | 
| VK (ex. Mail.Ru Group) | 1 | 
| My.Games Venture Capital | 1 | 
| Davidovs Venture Collective | 1 | 
| Heracles Capital | 1 | 
| Pixeldog | 1 | 
| Raga Partners | 1 | 
            GEM Capital is an international investment company that operates in private equity and venture capital markets. Leading venture capital investor in the games industry
          
          Show more
          
            Investment focus
            
          - Gaming, Video Games, PC Games
- Seed, Pre-Seed, Series A
- Cyprus, United States, Israel
                          Portfolio highlights
              
        - AppMagic — Mobile market intelligence tool
- OpenStreet — Invest in SpaceX and OpenAI with just $100. We purchase shares in premier private companies like SpaceX and OpenAI, then divide them into fractional pieces, making these investments accessible to everyone.
- Eschatology Entertainment — Game developers on a quest to create a new generation of immersive hardcore shooters set in a unique apocalyptic world.
            TGF is an early-stage VC fund founded by video games industry veterans.
We invest in future leaders: game developers, gaming technologies, and services.
We share best practices and offer our experience and personal touch.
          
          Show more
          
            Investment focus
            
          - Gaming, Video Games, Online Games
- Seed, Pre-Seed, Series A
- Cyprus, United States, Poland
                          Portfolio highlights
              
        - Playgama — Playgama is a fast-growing distributor of HTML5 games, connecting developers to an audience of 220 million monthly active players. We simplify game distribution and monetization, allowing developers to focus on creating exceptional games while we handle the rest. With open-source SDK, games distributed thought Playgama can reach players acrossleading high-traffic platforms, ensuring global exposure—from Europe to Asia and USA.
- Drama Studios — Studios DRAMA has created UNRECORD which is a single-player FPS that tells the story of a tactical police officer from the perspective of his body camera.
- Dark Passenger — Dark Passenger is a firm that develops video games. The team consists of both new blood specialists and seasoned gamedev professionals. The objective is to develop incredibly thrilling online experiences that emphasize both collaboration and competition and are captivated by human connections, alliances, fearless conflicts, and surprising turns ofevents.
            Vladimir Nikolsky joined Mail.Ru Group as Vice President of Online Games business in 2009 and became Chief Operating Officer (Russia) in 2013. Previously he was CEO of online game holding Astrum Online Entertainment (from 2007 to 2009) which subsequently became a part of Mail.Ru Group, and co-founder and CEO of online game company IT Territory(from 2004 to 2007). Vladimir graduated from Ivanovo State Power Engineering University.
          
          Show more
          
            Investment focus
            
          
                          Portfolio highlights
              
        - Top App Games — Top App Games specializes in mobile game creation and publishing, with a strong emphasis on strategic games.
            Almaz Capital is an international venture capital firm investing in early stage, capital efficient technology companies. A unique bridge fund headquartered in Silicon Valley, Almaz Capital connects Eastern European/former Soviet engineering and entrepreneurial talent to the U.S. market and helps build global businesses. The firm invests inhigh-growth sectors such as artificial intelligence and blockchain applications, data engineering, cybersecurity, industrial IoT, networking architecture and infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group.  Founded in 2008, Almaz Capital has invested in over 30 portfolio companies and has had nine exits to date.
          
          Show more
          
            Investment focus
            
          - Software, Mobile, Internet
- Series A, Seed, Funding Round
- United States, Russian Federation, Germany
                          Portfolio highlights
              
        - Nomagic — Nomagic provides robotic systems to automate repetitive pick-and-place tasks in warehouses with efficiency, flexibility and reliability.
- Dubformer — All-in-one tool: Go global effortlessly with monetization-ready dubbing that sounds like real humans. Cost-effective AI localization.
- specter automation — Construction is the second least digitized sector in the world with 96% of all data being unused. Although detailed planning data is created upfront, a lack of suitable digital tools prevents its transfer to the construction site. SPECTER’s web-based construction management software uniquely incorporates the core components of constructionplanning, reducing the organizational burden on construction management and helping to meet project timelines and budgets.
            Mail.ru Group was founded by Yuri Milner and is the largest Internet company in the Russian-speaking world. It is one of the largest Internet companies in Russia, and the world's seventh largest Internet business in terms of page views. Mail.ru Group operates two of the three largest Russian language social networking sites(Odnoklassniki.ru and Moi Mir@Mail.Ru), the two largest instant messaging networks in Russia (ICQ and Agent), Russia's leading email service, Russia's second largest Internet portal and Russia's largest online games company.Mail also holds strategic equity stakes of 32.49% in vKontakte, Russia's largest social networking site, and 25.09% in QIWI, formerly OE Investments, one of Russia's leading payment-processing companies. It also holds small minority stakes in Facebook, Zynga and Groupon.
          
          Show more
          
            Investment focus
            
          - Social Media, Mobile Apps, Education
- Seed, Series A, Funding Round
- Russian Federation, United States, Cyprus
                          Portfolio highlights
              
        - Uchi.ru — Uchi.ru offers online courses for school students.
- O2O Holdings — Formed by a JV between Sberbank and Mail.ru Group, provides an O2O services platform focusing on key areas of food and transportation.
- AliExpress Russia — AliExpress Russia is a leading cross-border and domestic e-commerce platform in Russia.
            MGVC is a global gaming investor
          
          Show more
          
            Investment focus
            
          - Gaming, Video Games, PC Games
- Seed, Funding Round, Pre-Seed
- Cyprus, Belarus, Russian Federation
                          Portfolio highlights
              
        - dc1AB — dc1AB they are making a game with multi- players.
- Bring It On — Bring It On Games is the ultimate online casino experience, offering a wide selection of real money games that you can play from the comfort of your home. Visit now!
- Bring It On — Bring It On is a mission to redefine the skill games category, merging strong technological infra.
            Hi, we're Marina and Nick Davidovs, a family of founders building the future.
          
          Show more
          
            Investment focus
            
          - Artificial Intelligence, Software, Information Technology
- Seed, Pre-Seed, Series A
- United States, Canada, United Kingdom
                          Portfolio highlights
              
        - Beagle — Beagle is an AI platform that specializes in innovation technology and cost reduction through AI-driven eDiscovery solutions.
- Essence App — Essence is a digital employee benefits platform that empowers women and people with cycles to thrive in the workplace by optimizing well-being and productivity by syncing activities according to the menstrual cycle. Essence is a tool that helps you turn your period into a superpower!
- Solve Intelligence — We use AI to help legal professionals write high-quality patents efficiently. We do this by providing an in-browser document editor.
            Heracles Capital is a venture capital investment firm.
          
          Show more
          
            Investment focus
            
          - Software, Media and Entertainment, Mobile
- Seed, Pre-Seed, Series A
- United States, Cyprus, Israel
                          Portfolio highlights
              
        - Arya — Arya is building the Couples Wellness category, poised to become the next billion-dollar cornerstone in the global wellness market.Couples are falling into routine and many are experiencing increased loneliness. While billions are spent on fitness, mindfulness, and sleep, emotional and physical intimacy is often neglected. We invest in swipingfor the right partner and then trying to fix it (or spend a fortune divorcing them)... but not much in between.Arya's AI concierge makes it radically easy for couples to invest in their relationship and love life, both inside and outside the bedroom - a crucial ingredient to a successful relationship.
- ContextSDK — ContextSDK transforms your app using real-time user context to improve conversions. Enhance user satisfaction and raise app revenue by knowing your users' unique needs, no matter where they are.
- Punchup.live — Punchup is developing innovative tools to allow live entertainers to own and activate the relationship with their fans
            Pixeldog is a family office.
          
          Show more
          
            Investment focus
            
          - Video Games
- Seed
- Cyprus
                          Portfolio highlights
              
        - Nice Plans Studio — We believe the future of mobile multiplayer lies in physics-driven combat, mobile-native controls, real teamplay, and games built to play for years.
            Raga Partners is a venture capital firm.
          
          Show more
          
            Investment focus
            
          - Digital Media, Media and Entertainment, Online Games
- Seed, Series B, Series A
- United States, Cyprus, Germany
                          Portfolio highlights
              
        - Sky Harbour — Aviation's Home Basing Solution - Lease your own private hangar with adjoining lounge or office on an exclusive, tenant-only campus
- Torch Dental — Torch Dental develops an all-in-one technology designed to meet dental practices' supply ordering and inventory management needs. Torch Dental simplifies and streamlines the ordering process, allowing dentists to focus on their patients.
- Made on Earth Games — Made on Earth Games is a mobile gamedevelopment company founded in 2021.Our objective is to combine high quality art, deep creative gameplay and modern technologies. We want to deliver an amazing game experience to mobile devices across the world.At Made on Earth Games all team members have a unique chance to contribute to the final productand the whole company.
        Investors by industry
        
                      
              
      
      Google
            
                      
              Marketplace
            
                      
              Hardware
            
                      
              Energy
            
                      
              Proptech
            
                      
              Health Care
            
                      
              Biotech
            
                      
              Artificial intelligence
            
                      
              Climate
            
                      
              Consumer
            
                      
              Community
            
                      
              Impact
            
                      
              Gaming
            
                      
              FinTech
            
                      
              EdTech
            
                      
              Sustainability
            
                      
              Venture Capital
            
                      
              Big Data
            
                      
              Web3
            
                      
              B2B
            
                      
              Financial Services
            
                      
              Finance
            
                      
              Infrastructure
            
                      
              Education
            
                      
              Photography
            
                      
              Payments
            
                      
              Food and Beverage
            
                      
              Video Games
            
                      
              Organic Food
            
                      
              Retail
            
                      
              Beauty
            
                      
              Publishing
            
                      
              Clean Energy
            
                      
              Real Estate
            
                      
              Manufacturing
            
                      
              Art
            
                      
              Music
            
                      
              Android
            
                      
              Internet
            
                      
              Enterprise Software
            
                      
              eSports
            
                      
              Franchise
            
                      
              Sports
            
                      
              Construction
            
                      
              Digital Media
            
                      
              Email
            
                      
              Medical
            
                      
              Social Network
            
                      
              Wellness
            
                      
              Social Media
            
                      
              Mobile
            
                      
              Legal
            
                      
              Local
            
                      
              Recruiting
            
                      
              Cannabis
            
                      
              Platforms
            
                      
              Fitness
            
                      
              Travel
            
                      
              Mobile Advertising
            
                      
              Biotechnology
            
                      
              Hospitality
            
                      
              Social
            
                      
              Automotive
            
                      
              Crowdfunding
            
                      
              Wine And Spirits
            
                      
              Medical Device
            
                      
              CleanTech
            
                      
              Transportation
            
                      
              Mobile Apps
            
                      
              InsurTech
            
                      
              Enterprise
            
                      
              LGBT
            
                      
              Fashion
            
                      
              Oil and Gas
            
                      
              Life Science
            
                      
              Theatre
            
                      
              Film
            
                      
              Non Profit
            
                      
              Renewable Energy
            
                      
              SaaS
            
                      
              Sporting Goods
            
                      
              Restaurants
            
                      
              Social Impact
            
                      
              Software
            
                      
              Celebrity
            
                      
              Cryptocurrency
            
                      
              Machine Learning
            
                      
              Agriculture (agtech)
            
                      
              Media (entertainment)
            
                      
              Facebook
            
                      
              Blockchain
            
                  
        Investors by country
        
                      
              
      
      United Kingdom
            
                      
              Canada
            
                      
              South Korea
            
                      
              Ireland
            
                      
              United States
            
                      
              New Zealand
            
                      
              India
            
                      
              Germany
            
                      
              Australia
            
                      
              Armenia
            
                      
              South Africa
            
                      
              Spain
            
                      
              Japan
            
                      
              Africa
            
                      
              China
            
                      
              Sri Lanka
            
                      
              Singapore
            
                      
              Qatar
            
                      
              Asia
            
                      
              Indonesia
            
                      
              Vietnam
            
                      
              Oceania
            
                      
              LATAM
            
                      
              Middle East
            
                      
              Europe
            
                      
              Saudi Arabia
            
                      
              Brazil
            
                      
              Bulgaria
            
                      
              Belize
            
                      
              Bahrain
            
                      
              Croatia
            
                      
              Georgia
            
                      
              Belarus
            
                      
              Hungary
            
                      
              Liechtenstein
            
                      
              Liberia
            
                      
              Lebanon
            
                      
              Mauritius
            
                      
              Peru
            
                      
              Norway
            
                      
              Israel
            
                      
              Malaysia
            
                      
              Mexico
            
                      
              Nicaragua
            
                      
              Jersey
            
                      
              Panama
            
                      
              Morocco
            
                      
              Mali
            
                      
              Lithuania
            
                      
              Italy
            
                      
              Philippines
            
                      
              Kuwait
            
                      
              Malta
            
                      
              Myanmar
            
                      
              Sierra Leone
            
                      
              El Salvador
            
                      
              Uganda
            
                      
              Venezuela
            
                      
              Sweden
            
                      
              Slovenia
            
                      
              Poland
            
                      
              Uruguay
            
                      
              Ukraine
            
                      
              Tajikistan
            
                      
              Puerto Rico
            
                      
              Portugal
            
                      
              Tunisia
            
                      
              Taiwan
            
                      
              Tanzania
            
                      
              Turkey
            
                      
              San Marino
            
                      
              Senegal
            
                      
              Togo
            
                      
              Uzbekistan
            
                      
              Serbia
            
                      
              Russian Federation
            
                      
              Zambia
            
                      
              Rwanda
            
                      
              Zimbabwe
            
                      
              Thailand
            
                      
              Dominican Republic
            
                      
              Azerbaijan
            
                      
              Iceland
            
                      
              Nigeria
            
                      
              Bahamas
            
                      
              Namibia
            
                      
              Iraq
            
                      
              United Arab Emirates
            
                      
              Jamaica
            
                      
              Honduras
            
                      
              Isle of Man
            
                      
              Bolivia
            
                      
              Luxembourg
            
                      
              Pakistan
            
                      
              Albania
            
                      
              France
            
                      
              Grenada
            
                      
              Jordan
            
                      
              Romania
            
                      
              Bangladesh
            
                      
              Argentina
            
                      
              Ghana
            
                      
              Ethiopia
            
                      
              Gibraltar
            
                      
              Chile
            
                      
              Egypt
            
                      
              Finland
            
                      
              Costa Rica
            
                      
              Greece
            
                      
              Barbados
            
                      
              Belgium
            
                      
              Estonia
            
                      
              Bermuda
            
                      
              Czech Republic
            
                      
              Denmark
            
                      
              Algeria
            
                      
              Hong Kong
            
                      
              Ecuador
            
                      
              Kazakhstan
            
                      
              Kenya
            
                      
              Cayman Islands
            
                      
              Cambodia
            
                      
              Faroe Islands
            
                      
              Oman
            
                      
              Latvia
            
                      
              Cyprus
            
                      
              Colombia
            
                      
              Austria
            
                      
              Switzerland
            
                      
              Cameroon
            
                      
              Guatemala
            
                      
              Seychelles
            
                      
              Marshall Islands
            
                  
        Investors in Cyprus by industry
        
                      
                                                      
      
                Financial Services
                                            
                      
                                                      Education
                                            
                      
                                                      Cryptocurrency
                                            
                      
                                                      Payments
                                            
                      
                                                      Travel
                                            
                      
                                                      Video Games
                                            
                      
                                                      Internet
                                            
                      
                                                      Mobile
                                            
                      
                                                      Blockchain
                                            
                      
                                                      Software
                                            
                      
                                                      Sports
                                            
                      
                                                      eSports
                                            
                      
                                                      InsurTech
                                            
                      
                                                      FinTech
                                            
                      
                                                      Enterprise
                                            
                      
                                                      Real Estate
                                            
                      
                                                      Consumer
                                            
                      
                                                      Health Care
                                            
                      
                                                      SaaS
                                            
                      
                                                      Marketplace
                                            
                      
                                                      Artificial intelligence
                                            
                      
                                                      Hardware
                                            
                      
                                                      Gaming
                                            
                      
                                                          
                      
                                                      Web3
                                            
                      
                                                      B2B
                                            
                      
                                                      Transportation
                                            
                      
                                                      Mobile Apps
                                            
                      
                                                      EdTech
                                            
                      
                                                      Proptech
                                            
                      
                                                      Media (entertainment)
                                            
                      
                                                      Machine Learning