GEM Capital

GEM Capital is a private equity and venture capital firm based in Limassol, Cyprus, founded in 2016. The firm specializes in growth capital investments, focusing on early-stage funding, particularly in the A and B rounds. In the private equity sector, GEM Capital targets investments in the oil, gas, and petrochemical industries. For its venture capital activities, the firm emphasizes projects in the games and entertainment sector, virtual reality, and new materials. By combining expertise in diverse industries, GEM Capital aims to support innovative companies while driving growth in its investment portfolio.

Alexander Bykhovskiy

Partner

Kirill Gurskiy

Managing Director

Roman Gurskiy

Managing Director

Anatoly Paliy

Founder and Managing Partner

11 past transactions

Hypemasters

Series A in 2022
Hypemasters, Inc. is a mobile games studio founded in 2019, with its headquarters in Dover, Delaware, and additional offices in Saint Petersburg, Russia, and London, United Kingdom. The company specializes in designing and developing genre-defining mobile games that aim to provide enjoyable experiences for players worldwide. By focusing on diverse genres, Hypemasters seeks to create games that resonate with a broad audience, ensuring long-lasting engagement and enjoyment.

Skich

Pre Seed Round in 2022
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.

Nemo Nanomaterials

Seed Round in 2021
Manufacturer of industrial nanomaterial-based additives intended to introduce nano-enhanced materials into industrial sectors. The company's product portfolio includes nano-additive concentrates which are formed using proprietary technology blends of carbon nanotubes and other nanomaterials, enabling industries to enhance the physical and performance properties of diverse industrial manufacturing needs.

Gameram

Seed Round in 2021
Developer of a social network platform designed to help gamers meet new friends to discuss games, play together, and share gaming experiences. The company develops a social network for mobile gamers, where users can share successes from any game in the form of screenshots, enabling gamers to share gaming experiences with other people.

TraceAir

Series A in 2021
TraceAir Technologies, Inc. is a cloud-based platform designed to assist construction companies in managing quality and costs through a user-friendly interface and advanced analytics powered by autonomous drones. The company offers a comprehensive suite of tools for construction management, including data collection, processing, analysis, and smart analytics tailored for civil and industrial projects. Its solutions cover various aspects of construction, such as design, earthworks, road construction, urban land improvement, and maintenance. By utilizing drone technology, TraceAir significantly enhances the speed, cost-effectiveness, and convenience of monitoring construction progress, providing stakeholders with valuable insights that extend beyond mere images or raw data. Founded in 2015, TraceAir is headquartered in Mountain View, California.

Mundfish

Series A in 2021
Mundfish is a game development company based in Moscow, Russia, specializing in the creation and publication of online, PC, and video first-person shooter games. The company focuses on developing action RPG games that emphasize originality and uniqueness, providing gamers with engaging experiences set in alternate universes. Its platform offers adventure-based first-person shooting games that are compatible with computers and various gaming consoles, catering to a diverse audience of gaming enthusiasts.

110 Industries

Series A in 2020
110 Industries Limited develops, publishes, and distributes video games for gaming consoles and cloud gaming services. The company was incorporated in 2017 and is based in London, United Kingdom.

Owlcat Games

Seed Round in 2019
Owlcat Games Ltd is a game development studio that specializes in creating computer role-playing games (RPGs). Established in 2019, the company is headquartered in Nicosia, Cyprus, with additional offices in Cyprus and Russia. Owlcat Games is known for its isometric, party-based RPGs set in the Pathfinder fantasy universe, allowing players to engage in immersive storytelling and strategic gameplay. The studio focuses on designing experiences that appeal to tabletop RPG enthusiasts, combining elements of traditional role-playing with modern gaming technology.

Mundfish

Pre Seed Round in 2019
Mundfish is a game development company based in Moscow, Russia, specializing in the creation and publication of online, PC, and video first-person shooter games. The company focuses on developing action RPG games that emphasize originality and uniqueness, providing gamers with engaging experiences set in alternate universes. Its platform offers adventure-based first-person shooting games that are compatible with computers and various gaming consoles, catering to a diverse audience of gaming enthusiasts.
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