GEM Capital has invested $5M in three game studios.
GEM Capital has invested $5M in three game studios.
Categories

Gem Capital invests $5M IN Weappy, VEA Games and Game Garden

GEM Capital announced today that it has invested a combined $5 million into three game development studios.

Paphos, Cyprus-based GEM Capital said the funds were allocated from the latest $50 million game venture capital fund that it raised last year. The one thing the three studios share in common is they are all based in Cyprus. And while the $5 million is not a lot for three studios, the money goes farther for companies that have lower costs in Cyprus.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.