| Date | Title | Description |
| 04.08.2026 | The first tournament for Heroes of Might & Magic: Olden Era kicks off on August 1st! | - |
| 03.08.2026 | Heroes of Might and Magic: Olden Era continues its incredible momentum! | The Unfrozen team has just dropped their latest community update, showcasing fantastic progress and their dedication to the player base. |
| 29.07.2026 | Above all, people are looking for entertainment | That simple idea sits at the heart of a fantastic interview with Evgeniya Sedova, Co-founder of Mundfish, published by Cyprus Business News. |
| 27.07.2026 | Reverse: 1999 collaborating with Atomic Heart | It’s amazing when two such distinct gaming universes come together. |
| 21.07.2026 | 🚀 400,000+ wishlists and counting. | A huge milestone for Enginefall and the team at Red Rover Interactive, a GEM Capital portfolio company. |
| 13.07.2026 | GEM Capital on AppMagic’s acquisition by Sensor Tower | We sat down with Mobidictum to look back at our incredible journey with AppMagic |
| 09.07.2026 | Skich Shortlisted For PocketGamer’s Mobile Games Awards 2026 | Congratulations to our portfolio company Skich on being shortlisted for PocketGamer’s Mobile Games Awards 2026 in the «Leading App Store Experience» category! |
| 06.07.2026 | Studio42 and GEM Capital meetup in Paphos | It was a pleasure catching up with our good friend Aleksandr Bogdanov, CEO of Studio42, to exchange updates, discuss the current state of the market, and, naturally, our plans for world domination |
| 03.07.2026 | Skich featured in Mobilegamer.biz | In a great piece by Mobilegamer.biz, our portfolio company Skich shared how they are solving mobile gaming’s biggest bottleneck — discoverability. |
| 30.06.2026 | June was a busy month | Summer is usually a season for slowing down and taking a break, but not for GEM Capital’s portfolio companies. |
| 29.06.2026 | Enginefall by Red Rover Interactive hits the top of Steam Next Fest June 2026! | Steam Next Fest June 2026 has wrapped up, and we’re glad to share the results. |
| 26.06.2026 | TheGamer published a major interview with our portfolio company Mundfish and Team Clout about their highly anticipated game ILL | «We want you to say ‘wow’ a few times per chapter» |
| 15.06.2026 | ILL in the Top 10 Most Popular Games Featured at the Summer Showcases! | The summer showcases are over, and the numbers are in. |
| 11.06.2026 | INDIKA officially crosses 1 million players! | INDIKA officially crosses 1 million players! |
| 10.06.2026 | Olden Era took the stage at Summer Game Fest as one of the most successful games of the year! | At Summer Game Fest, one of the world’s largest gaming showcases, the most successful games of 2026 were recognized and celebrated. |
| 09.06.2026 | GEM Capital at GDCy Fest 2026 | A huge thank you to everyone who came to listen to our discussion at GDCy Fest 2026, and to our amazing co-speakers! It was so much fun! |
| 05.06.2026 | Proud of our team! | The past few months have been truly remarkable for us |
| 03.06.2026 | Big news from Sony’s State of Play! | We are absolutely thrilled to share that ILL, the highly anticipated first-person action horror from our portfolio super star Mundfish and Team Clout, is officially locked for a 2027 release! |
| 01.06.2026 | Enginefall Surpasses 300,000 Steam Wishlists! | Red Rover Interactive, a portfolio company of GEM Capital, has announced that Enginefall has now reached 300,000+ wishlists on Steam! |
| 28.05.2026 | One month. Three major releases. Whew! | Now imagine going through it THREE TIMES in a single month. That’s TOO MUCH!! Seriously, no amount of nerves can handle that |
| 28.05.2026 | 1 million copies of Olden Era sold in the first month!!! | Heroes of Might and Magic: Olden Era by Unfrozen, a portfolio company of GEM Capital, has surpassed one million copies sold in just four weeks. |
| 27.05.2026 | Kirill Gurskiy will be speaking at GDCy Fest 2026 this Friday! | Can’t wait to meet all our friends and connect with the community at the largest games conference in Cyprus. See you there! |
| 21.05.2026 | Top Releases of April on Steam | We at GEM Capital are incredibly proud to see two games from our portfolio companies make the list! |
| 18.05.2026 | Skich and Xsolla announce strategic partnership | Big news from our portfolio company Skich! |
| 14.05.2026 | GEM Capital Invests in Odd Meter, Creators of INDIKA | Today, we’re excited to announce our latest investment. |
| 13.05.2026 | AppMagic has been officially acquired by Sensor Tower | AppMagic Rocks! |
| 08.05.2026 | To the teams at Unfrozen and Sad Cat Studios! | We are honored to be part of your journey and can’t wait to see what the future holds! |
| 04.05.2026 | 500,000 COPIES IN LESS THAN 72 HOURS!!! | HOMM Olden Era has reached half a million copies sold within its first three days in early access, a result that exceeded even our most ambitious expectations. |
| 30.04.2026 | From a Dream to 1.5 Million Wishlists: Olden Era is Here! | Today is the BIG day we’ve all been building toward. Heroes of Might & Magic: Olden Era is out in Early Access. |
| 29.04.2026 | One of the wildest weeks in gaming! | Imagine four games from Steam’s Top 30 most wishlisted all dropping at the same time. |
| 28.04.2026 | REPLACED OST by Sad Cat Studios has dropped on all platforms | and the track «Void» already hit 1,000,000+ streams on Spotify! |
| 27.04.2026 | Olden Era has passed 1.5 MILLION wishlists! | We’re excited to share some amazing news. Our portfolio company Unfrozen has achieved something we once could only dream of. Heroes of Might and Magic: Olden Era has crossed 1.5 million wishlists on Steam. |
| 24.04.2026 | Daniel Vávra has called REPLACED the game of the year! | We just have to share this! Daniel Vávra, one of the most legendary figures in the gaming industry and the creator of Mafia and Kingdom Come: Deliverance, has called REPLACED the best game of the year so far! |
| 24.04.2026 | The first chapter in the history of Atomic Heart has come to a close! | At GEM Capital, we supported Mundfish from the very beginning of their journey, and it has been incredible to stand by the team and watch Atomic Heart come together step by step from day one. |
| 21.04.2026 | Just look at these two plushes! | This is a collaboration between our portfolio company Mundfish and Youtooz. |
| 17.04.2026 | Atomic Heart: Blood on Crystal is Out Now! | We are thrilled to share that our portfolio company Mundfish has just released the fourth and final DLC for Atomic Heart! |
| 14.04.2026 | REPLACED is launching TODAY with a MILLION wishlists! | A game release is always something special, almost a small miracle. |
| 13.04.2026 | Nova Assembly’s Open Letter | A huge thank you to the media, journalists, and our industry friends for the warm welcome of Nova Assembly! |
| 10.04.2026 | Introducing Nova Assembly! | Five Cyprus-based studios behind some of the most anticipated games have united to form Nova Assembly |
| 09.04.2026 | The Swarm is Coming! | Our portfolio company Unfrozen just released the official full reveal of the Hive faction for Heroes of Might & Magic: Olden Era. |
| 08.04.2026 | A piece of gaming art has found its way into the heart of Barcelona! | Right on Carrer de la Séquia, an incredible mural featuring The Twins from Atomic Heart is making people stop and take a look. |
| 07.04.2026 | The «Akira» of Video Games | That is how Maximilian Dood described The Eternal Life of Goldman, developed by our portfolio company Weappy. |
| 03.04.2026 | Atomic Heart: Blood on Crystal — Animated Key Art | The final DLC#4, Blood on Crystal, concludes the first part of Atomic Heart on April 16. |
| 02.04.2026 | The Olden Era is almost here! | We are beyond excited to share that our portfolio company Unfrozen has officially announced the Early Access release date for Heroes of Might & Magic: Olden Era: April 30, 2026! |
| 01.04.2026 | We now have 6 (SIX!) games in the world’s Top 150! | Following a standout performance at the Xbox Showcase, The Eternal Life of Goldman climbed into the Top 150 Steam wishlists in just a few days. |
| 31.03.2026 | AppMagic is now part of the official Turkish government incentive program | We’re proud to announce that our portfolio company AppMagic is now part of the official Turkish government incentive program |
| 31.03.2026 | This Reaction Went Viral for a Reason. | Maximilian Dood’s reaction to the trailer for The Eternal Life of Goldman went viral and reached 2.5 million views in just 3 days. |
| 31.03.2026 | «Some people get so old they simply forget to die!» | Big news! Our portfolio company Weappy was featured in yesterday’s Xbox Partner Preview 2026 with The Eternal Life of Goldman. |
| 20.03.2026 | GEM Capital Portfolio Hits 5 Million Steam Wishlists with Five Titles in the Top 150 Most Anticipated Games | We are thrilled to announce a massive milestone: the GEM Capital portfolio has officially surpassed 5 million total Steam wishlists. |
| 16.03.2026 | «Being ‘OK’ is the same as being nothing.» | That’s a bold take from Yura Zhdanovich, co-founder of our portfolio company Sad Cat Studios, in his recent interview with EDGE. At GEM Capital, we couldn’t agree more. |
| 13.03.2026 | The legendary Atomic Heart soundtrack is finally coming to vinyl! | To celebrate the release of the game’s 4th and final DLC, the team is dropping something special for fans: the iconic OST pressed on vinyl. |
| 12.03.2026 | Heroes of Might & Magic: Olden Era — Dungeon Faction Official Full Reveal | Dungeon so good, we needed it twice! |
| 11.03.2026 | New Community Feedback video for Heroes of Might and Magic: Olden Era! | No one listens to player feedback quite like our portfolio company Unfrozen. |
| 10.03.2026 | The Eternal Life of Goldman among the top 50 most popular demos at Steam Next Fest! | The Eternal Life of Goldman among the top 50 most popular demos at Steam Next Fest! |
| 05.03.2026 | Atomic Heart: Blood on Crystal launches on April 16 | Our portfolio company Mundfish has just dropped an incredible trailer for the fourth and final DLC of Atomic Heart and announced the official release date. |
| 03.03.2026 | 850,000 WISHLISTS AND 185,000 DEMO PLAYERS!!! | REPLACED, from our portfolio company Sad Cat Studios, continues to deliver outstanding results. |
| 27.02.2026 | Jason Schreier published an article about The Eternal Life of Goldman | How it started vs. How it’s going |
| 24.02.2026 | Unfrozen recently sat down with Jon Van Caneghem | What a treat for Heroes Of Might And Magic fans! Our incredible portfolio company Unfrozen recently sat down with Jon Van Caneghem, the legendary creator himself. |
| 23.02.2026 | Atomic Heart has officially turned three!!! | Time truly flies. It feels like just yesterday we were anxiously counting down the hours before launch, and now we’re celebrating the third anniversary of a project that has become a true milestone for us. |
| 19.02.2026 | The Future of Gaming is Hand-Drawn: Goldman is Here! | We are thrilled to announce that The Eternal Life of Goldman demo is officially LIVE on Steam! Starting today, everyone can step into the breathtaking world crafted by our portfolio company Weappy. |
| 13.02.2026 | We’re excited to see our portfolio company AppMagic take another major step forward | The team has just released their first-ever Mobile Market Landscape 2026 — a nearly 100-slide report packed with charts, data, and in-depth market analysis. |
| 12.02.2026 | The Replaced demo is crushing it! | Yesterday, our portfolio company Sad Cat Studios released the demo for their highly-anticipated game Replaced — and the reception has been nothing short of incredible. |
| 11.02.2026 | Heading to WN Abu Dhabi! | Looking forward to a great day of catching up with the community tomorrow. |
| 11.02.2026 | REPLACED public demo is coming on February 11 | Critics have already shared their opinions, and the feedback is overwhelmingly positive. |
| 09.02.2026 | Are video games art? | A perfect example of this is the recent collaboration between our portfolio company Mundfish and the incredible artist Michèle Ansermet Papadopoulos. |
| 06.02.2026 | 5 Games. Top-150. Worldwide. | Proud to see 5 games from the GEM Capital portfolio in the Top-150 most anticipated titles worldwide! |
| 05.02.2026 | GEM Capital is heading to Abu Dhabi for WN Conference | We will be happy to meet friends, partners, and make new connections there on February 11–12. |
| 05.02.2026 | So proud of the Mundfish team! | Yesterday, we had a fantastic time visiting our portfolio company Mundfish at their Cyprus office |
| 03.02.2026 | Community feedback matters! | Just look at the top comments on YouTube |
| 02.02.2026 | When Legends Build Legends | We’re truly excited to see such an overwhelmingly positive response to the announcement that Jon Van Caneghem, the father of Might & Magic, is joining our portfolio company Unfrozen as Creative Advisor to work on Heroes of Might & M... |
| 30.01.2026 | GEM Capital games on the covers of PC Gamer and Edge! | Just look at this awesomeness that finally arrived at our office! |
| 30.01.2026 | The Legendary Creator is Back! | We are thrilled to announce that the legendary Jon Van Caneghem, creator of the Might and Magic and Heroes of Might and Magic series, has joined our portfolio company Unfrozen as Creative Advisor on their upcoming title Heroes of Might and ... |
| 26.01.2026 | What will define LiveOps in 2026? | AppMagic just dropped a great piece on LiveOps mechanics in Casual games. |
| 23.01.2026 | «Calamity» strikes this spring! | The Atomic Heart DLC #4 teaser is pure atmosphere: storms, fog, and the cold, imposing power of Soviet retro-futurism. Our portfolio company Mundfish is as always nailing it! |
| 21.01.2026 | Games industry predictions for 2026: a make-or-break year for pandemic-era investments | As part of a 2025 retrospective, we had the pleasure of sharing our thoughts with Pocket Gamer alongside our dear Mobile Mavens colleagues on what lies ahead for the games industry in 2026. |
| 20.01.2026 | We shared our New Year’s resolution with PocketGamer.biz | Our advice to fellow founders and creators: Never give up, stay focused on the «why,» and always go all the way! |
| 19.01.2026 | ILL has officially crossed the 1,000,000 wishlists milestone! | Onward and upward! We’re just getting started |
| 16.01.2026 | New Year vibes from our portfolio! | We’re already halfway through January — time flies! 🙂 It’s a great moment to look back and see how some of our portfolio companies celebrated the start of 2026 |
| 15.01.2026 | We are thrilled to see five projects from our portfolio companies among the top 150 most wishlisted games” | We sat down with Game World Observer to recap our year and look back at some major milestones |
| 15.01.2026 | New Game+ Showcase 2026 | 2026 has only just begun, and the first major gaming showcase is already behind us! |
| 19.12.2025 | REPLACED has hit 600k wishlists on Steam! | We can’t wait for players to finally experience the incredible work the team has poured their hearts and souls into. |
| 19.12.2025 | Nikoderiko: The Magical World won the TOMMI 2025 Awards | Niko & Luna took 2nd place for Best Youth Game and 3rd place for Best PC Game. |
| 16.12.2025 | GEM Capital featured in Fast Company | «Video games are bad for children!» they said. «They’ll rot your brain!» they said. «You’re just wasting your time playing!» they said. |
| 16.12.2025 | Hypemasters is Leveling Up its MENA Presence! | We’re glad to announce that our portfolio company Hypemasters has successfully secured a $1million investment round led by Impact 46, with participation from GEM Capital. |
| 08.12.2025 | Faction Laws in Heroes of Might and Magic: Olden Era! | With Schism unveiled this summer, our portfolio studio Unfrozen has now introduced all the factions coming to the game’s Early Access launch. So for our next series of devlogs, we’re diving deeper into what truly sets each faction apart.... |
| 02.12.2025 | This fan art for Replaced by Keyvei is absolutely unreal! | The world of Sad Cat Studios is inspiring incredible creativity, and the game isn’t even out yet! |
| 02.12.2025 | Atomic Heart: DLC #4 – First Look Teaser | Mundfish has released a teaser for the fourth DLC for Atomic Heart, which will conclude the story of the game’s first installment! |
| 27.11.2025 | AppMagic released its First Monetization Report! | Kudos to our portfolio company AppMagic for this great analysis and awesome report |
| 27.11.2025 | Community matters — always. | One of the highlights of Heroes of Might and Magic: Olden Era marketing campaign was a collaboration between our portfolio studio Unfrozen and Anna from Heroes Take Turns – one of the most trusted and beloved creators in the Heroes communit... |
| 19.11.2025 | Unfrozen setting the benchmark for community-first development! | The results of hard work and dedication are undeniable. No one works their audience quite like the team at Unfrozen! |
| 14.11.2025 | The creators of Atomic Heart, Dying Light, and Helldivers met together! | Panel discussions aren’t always the most exciting thing in the world… but not when the creators of some of the best shooters in the world meet on stage! |
| 12.11.2025 | Atomic Heart DLC 4 is going to be awesome! | Our portfolio company Mundfish is definitely cooking |
| 11.11.2025 | Olden Era on the cover of SCORE! | There can never be too many covers!! Heroes of Might and Magic: Olden Era was featured on both the front and back covers of SCORE, the longest-running PC gaming magazine in the Czech Republic! |
| 10.11.2025 | REPLACED Graces the Cover of Power Unlimited! | What is the most valuable asset in a games company? While there’s no single correct answer, a unique IP is certainly one of the first that comes to mind. |
| 07.11.2025 | Heroes of Might & Magic: Olden Era — of Beasts and Myths #1: Vampires across the Heroes series! | What is the most iconic image of a vampire in pop culture and video games? |
| 07.11.2025 | Say hello to Niko! | Look who just arrived at our office! |
| 07.11.2025 | Heroes of Might and Magic: Olden Era is featured on the cover of the latest issue of PC Gamer magazine! | In this exclusive cover story, PC Gamer sat down with Unfrozen, the developer behind Olden Era, to talk about the studio’s journey in bringing this new installment of the Heroes of Might and Magic series to life |
| 04.11.2025 | REPLACED Featured in Edge! | REPLACED by our portfolio company Sad Cat Studios is proudly featured in the December issue of the legendary Edge magazine! |
| 30.10.2025 | GEM Capital featured in Fortune | We’re proud to share an article published by Fortune, where our co-Managing Directors, Kirill and Roman Gurskiy, reflect on the experience of managing GEM Capital together. |
| 28.10.2025 | Winners of Steam’s October 2025 Next Fest | GameDiscoverCo has shared a detailed and insightful breakdown of the results from Steam’s latest Next Fest demo showcase. |
