# GEM Capital: portfolio, investments and team > GEM Capital is a private equity based in Cyprus. 1 investment on record, 1 in the last 12 months, latest Dec 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/gem-capital (Millionrounds; every figure on the page links to its filing or article) Cyprus · [Investor](https://millionrounds.com/investors) # GEM Capital Last cheque observed Dec 2025; 1 cheques on record. Deploying now New fund $22K, Nov 2023 Private equity Pre-seed Seed Series A VR Gamedev Sport Deploying now **100%** of best year **1** **cheques in 12 months**, 1 on record Since the last cheque **321** days **00** hrs **00** min **00** sec Median round **$1.0M** Rounds led **0 of 1** Pitch GEM Capital ## GEM Capital highlights - 01 1 cheques in the last 12 months ## What they do > Leading venture capital investor in the games industry From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B - **Sectors:** VR Gamedev Sport - **Based in:** Paphos, Cyprus - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **1 appearances** - **2025** 1 round - **Dec** **[Hypemasters](https://millionrounds.com/company/hypemasters)** SA · Impact46 **$1.0M** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** GS **Gabriel Stengel** Issuer's Manager i Filing they signed HP **Hoang Phan** Officer of the Issuer's Administrative Manager i Filing they signed We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **0** of 4 we have independently watched raise Article File Project {{ item.title }} Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$22K** raised in Nov 2023 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$1.0M** the round, not its cheque Led 0 of 1 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Dec 2025 Rounds by stage said on their site - Pre-seed said *-* - Seed said *-* - Series A said *-* - Series B said *-* Cheques by month Led Joined Nov 2023 Oct 2026 **Pitching GEM Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies GEM Capital put money into. [**Hypemasters** $1.0M · Dec 2025](https://millionrounds.com/company/hypemasters) ## Quick answers about GEM Capital ### What does GEM Capital invest in? GEM Capital says it invests in VR, Gamedev and Sport. ### How active is GEM Capital? 1 investments on record, 1 of them in the last 12 months. The most recent was in Dec 2025. ### What has GEM Capital invested in recently? Its most recent investments on record: Hypemasters (Dec 2025). ### How big are GEM Capital's cheques? The median round it joins is $1.0M. ### Is GEM Capital investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### What kind of investor is GEM Capital? GEM Capital is a private equity firm based in Paphos, Cyprus. ### Has GEM Capital raised a new fund? Its latest fund filing with the SEC was in Nov 2023, reporting $22K raised. ### Does GEM Capital take cold pitches? Yes: its own website says it reads unsolicited pitches. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=gem-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=gem-capital)