Cyprus-based gaming investor GEM Capital has reached a remarkable milestone, with its portfolio of upcoming titles surpassing five million Steam wishlists—marking the highest total for any gaming investment firm globally.

Photo: cyprus-mail.com
- As several of the titles contributing to this milestone remain in active development, GEM Capital expects to see launches over the next few years, further enhancing its impact on the gaming industry.
This achievement underscores the growing influence of Cyprus in the global gaming investment landscape. Among the firm’s portfolio, five titles have made their way into Steam’s top 150 most wishlisted games, showcasing a significant player interest.

Photo: cyprus-mail.com
Steam wishlists: Top Titles Capturing Attention
Notably, Heroes of Might & Magic: Olden Era is currently ranked at number 11, while ILL follows closely at number 17. Both titles feature prominently among the twenty most wishlisted games on the platform.
Other noteworthy projects within the rankings include Replaced at number 31, Atomic Heart 2 at number 100, and The CUBE at number 137. These titles contribute to the impressive five million wishlist total, reflecting strong anticipation within the gaming community.
A Growing Portfolio with Promising Projects
In addition to the top titles, GEM Capital has several other projects under development. These include The Eternal Life of Goldman, Hollywood Animal, and Enginefall, all of which are part of the firm’s expanding portfolio.
Steam wishlist numbers are closely monitored across the gaming industry, serving as an early indicator of audience interest before a title’s official launch. The figures provide insight into player anticipation, particularly for major releases supported by both investors and development studios.
Positive Reception from Players
“We’re genuinely excited to see how strongly players are responding to these games,” commented GEM Capital’s managing director, Kirill Gurskiy. “Wishlists are one of the most direct ways players show what they’re waiting for, and reaching five million across the portfolio is a great moment for the teams building these projects.”
As several of the titles contributing to this milestone remain in active development, GEM Capital expects to see launches over the next few years, further enhancing its impact on the gaming industry.
Recognised in the Industry
Founded as a global gaming investment firm, GEM Capital has rapidly established itself as one of the most active investors in the sector worldwide. The firm has garnered recognition as the Best Investor in Europe and is nominated for Investor of the Year at the upcoming 2024 and 2025 MENA Games Industry Awards.
With a diverse portfolio comprising over 25 companies, GEM Capital continues to solidify its position as a leading player in global gaming investments. The firm’s portfolio includes well-known studios such as AppMagic, Mundfish, Unfrozen, Deus Craft, and Sad Cat Studios, which are responsible for notable titles like Atomic Heart, Heroes of Might and Magic: Olden Era, Grand Hotel Mania, and Replaced.
The latest milestone of five million Steam wishlists reflects the robust global player interest in the various upcoming games within GEM Capital’s investment portfolio, positioning the firm for future success in the gaming industry.
