Top 5 Video Games VC Funds in Cyprus

Last updated: Aug 2024 A list of 5 VC 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 5 Video Games VC Funds in Cyprus

Investor	Video Games Cyprus investments
GEM Capital	5
The Games Fund	3
Almaz Capital	1
VK (ex. Mail.Ru Group)	1
My.Games Venture Capital	1

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Investor list

GEM Capital is an international investment company that operates in private equity and venture capital markets.

Investment focus

Gaming, Video Games, PC Games
Seed, Pre-Seed, Series A
Cyprus, United States, Israel

Portfolio highlights

Weappy — Weappy is a small independent game development studio
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.

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.

Investment focus

Gaming, Video Games, PC Games
Seed, Pre-Seed, Series A
United States, Cyprus, Poland

Portfolio highlights

ROAR Games — Tenet Of The Spark is a story-driven 3d person action/stealth game
Red Rover — We're on a mission to reimagine the multiplayer gaming landscape, with an emphasis on crafting groundbreaking survival experiences that champion player agency and drama.
Juicy Button Games — Juicy Button Games is an independent game development studio.

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.

Investment focus

Software, Mobile, Internet
Series A, Funding Round, Series B
United States, Russian Federation, Latvia

Portfolio highlights

PLATMA — PLATMA is a workspace for developing low/no-code solutions with ready-made constructors that reduce the need for large resources and decrease time to market
ZEDEDA — ZEDEDA provides a simple and scalable cloud-based orchestration solution that delivers visibility, control and security for distributed edge computing.
WORKERBASE — Agile manufacturing to increase production flexibility and ensure business continuity. Intelligent process execution for the connected worker to increase operational flexibility and reduce costs in Industry 4.0

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.