Breaking news

GEM Capital And The Games Fund Among Most Active Gaming VC Funds

by THEFUTURE.TEAM

July 29, 2024

In a significant achievement, Cypriot-based GEM Capital and The Games Fund have been recognised as two of the most active gaming venture capital (VC) funds by InvestGame. Ranking 5th and 4th respectively, GEM Capital and The Games Fund have collectively finalised 19 deals over the past year, with investment values reaching $39 million and $41 million respectively.

Noteworthy Achievements and Industry Impact

GEM Capital’s recognition highlights its strong commitment to the gaming sector. The firm expressed gratitude on its LinkedIn page, emphasizing its dedication to supporting innovative gaming companies and driving the future of gaming. This accolade reflects GEM Capital’s strategic vision and robust investment activities within the gaming industry.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Similarly, Maria Kochmola, Co-founder and Managing Partner at The Games Fund, noted the past 12 months as among the busiest for investment activities. Kochmola emphasised the fund’s enthusiasm in partnering with talented teams and nurturing promising ventures within the industry.

Market Dynamics and Future Prospects

The latest InvestGame report reveals a resilient gaming industry despite challenges such as layoffs, studio closures, and volatile stock prices. In Q2 2024 alone, the industry saw 166 closed deals amounting to $4.1 billion, indicating a resurgence in investor confidence. Private investments led this growth, contributing $1 billion across 116 rounds.

The ongoing support from VC funds like GEM Capital and The Games Fund plays a crucial role in sustaining this momentum. Their active involvement not only fuels innovation but also stabilises the market by backing ventures capable of navigating and thriving amidst industry fluctuations.

Strategic Vision and Long-Term Goals

GEM Capital’s and The Games Fund’s achievements underscore a broader strategy to bolster the gaming sector through substantial financial backing and strategic partnerships. As the industry continues to evolve, the focus remains on nurturing talent, supporting innovative projects, and maintaining a robust investment pipeline.

This recognition by InvestGame serves as a testament to the foresight and strategic planning of these VC funds. It also highlights the critical role they play in shaping the future of the gaming industry, ensuring sustained growth and fostering a vibrant ecosystem for game development and innovation.

The Future Forbes Realty Global Properties

Call for Reform: Cyprus Faces New Challenges with Emerging Tobacco Products

by News Editor

May 31, 2025

In the face of a burgeoning variety of tobacco products, existing smoking laws in Cyprus are struggling to keep pace, as highlighted by Christos Minas, the president of the Cyprus National Addictions Authority (AAEK). On World No-Tobacco Day, there was a push for legislative reforms to comprehensively cover all tobacco forms, including non-nicotine alternatives.

Addressing Rising Trends with Effective Policies

Minas emphasized the surge in popularity of e-cigarettes and flavored products, particularly among the youth. The proposed legal updates aim to enhance enforcement efficiency against these emerging trends.

In collaboration with the World Health Organization’s (WHO) framework, the AAEK has established the first set of national guidelines for smoking cessation in Cyprus, crafting prevention and treatment strategies based on robust scientific evidence.

Educating Youth and Public Awareness Initiatives

Efforts are underway to raise awareness, with informative materials distributed to secondary schools across Cyprus. A public event in Nicosia highlighted the state’s ongoing commitment, providing carbon monoxide testing and expert advice on new tobacco products.

Recent data from the Cyprus general population survey 2023 indicates that 38% of smokers have used e-cigarettes recently, and the smoking initiation age remains at 18.

A Glimpse into Youth Smoking Patterns

According to the latest European school survey, 14% of Cypriot students aged 15-16 reported smoking traditional cigarettes last month. Although this rate is declining, Cyprus still ranks high in Europe for e-cigarette and hookah use among students.

The concern is global, with WHO reports showing over 37 million children aged 13-15 engage in tobacco use, driven by aggressive marketing in loosely regulated environments.

The urgency for reform is clear: before these trends solidify, proactive measures are necessary to protect future generations from potentially hazardous habits.