Cyprus-based GEM Capital announced that its portfolio company Hypemasters has successfully secured a $1million investment round led by Impact46, with participation from GEM Capital.
“This funding is set to accelerate the company's long-term strategy and ambitious expansion plans across the Middle East and North Africa (MENA) region,” GEM Capital said announcing the news on its social media.
With offices in the US, Europe, and the Middle East, Hypemasters has established its main development centre in the United Arab Emirates. As part of this round, the company is set to deepen its roots further by opening a new office in Riyadh, Saudi Arabia.
“We’re focused on deepening our presence across the region and pushing forward with the next generation of strategy games, including a major new title already in soft launch," said Boris Kalmykov, Hypemasters CEO and co-founder.
Having supported Hypemasters from the very early stages, GEM Capital said it was thrilled to see their growth and their commitment to becoming a dominant force in strategy games across this dynamic region. “Onwards and upwards, Hypemasters! We can't wait to see what you conquer next!” it concluded.
