| Date | Title | Description |
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| Aug 3, 2026 | Heroes of Might and Magic: Olden Era continues its incredible momentum! | The Unfrozen team has just dropped their latest community update, showcasing fantastic progress and their dedication to the player base. |
| Jun 10, 2026 | Olden Era took the stage at Summer Game Fest as one of the most successful games of the year! | At Summer Game Fest, one of the world’s largest gaming showcases, the most successful games of 2026 were recognized and celebrated. |
| May 28, 2026 | 1 million copies of Olden Era sold in the first month!!! | Heroes of Might and Magic: Olden Era by Unfrozen, a portfolio company of GEM Capital, has surpassed one million copies sold in just four weeks. |
| May 8, 2026 | To the teams at Unfrozen and Sad Cat Studios! | We are honored to be part of your journey and can’t wait to see what the future holds! |
| Apr 27, 2026 | Olden Era has passed 1.5 MILLION wishlists! | We’re excited to share some amazing news. Our portfolio company Unfrozen has achieved something we once could only dream of. Heroes of Might and Magic: Olden Era has crossed 1.5 million wishlists on Steam. |
| Apr 9, 2026 | The Swarm is Coming! | Our portfolio company Unfrozen just released the official full reveal of the Hive faction for Heroes of Might & Magic: Olden Era. |
| Apr 2, 2026 | The Olden Era is almost here! | We are beyond excited to share that our portfolio company Unfrozen has officially announced the Early Access release date for Heroes of Might & Magic: Olden Era: April 30, 2026! |
| Mar 11, 2026 | New Community Feedback video for Heroes of Might and Magic: Olden Era! | No one listens to player feedback quite like our portfolio company Unfrozen. |
| Feb 24, 2026 | Unfrozen recently sat down with Jon Van Caneghem | What a treat for Heroes Of Might And Magic fans! Our incredible portfolio company Unfrozen recently sat down with Jon Van Caneghem, the legendary creator himself. |
| Feb 2, 2026 | When Legends Build Legends | We’re truly excited to see such an overwhelmingly positive response to the announcement that Jon Van Caneghem, the father of Might & Magic, is joining our portfolio company Unfrozen as Creative Advisor to work on Heroes of Might & M... |
| Jan 30, 2026 | The Legendary Creator is Back! | We are thrilled to announce that the legendary Jon Van Caneghem, creator of the Might and Magic and Heroes of Might and Magic series, has joined our portfolio company Unfrozen as Creative Advisor on their upcoming title Heroes of Might and ... |
| Jan 15, 2026 | We are thrilled to see five projects from our portfolio companies among the top 150 most wishlisted games” | We sat down with Game World Observer to recap our year and look back at some major milestones |
| Dec 19, 2025 | Nikoderiko: The Magical World won the TOMMI 2025 Awards | Niko & Luna took 2nd place for Best Youth Game and 3rd place for Best PC Game. |
| Dec 8, 2025 | Faction Laws in Heroes of Might and Magic: Olden Era! | With Schism unveiled this summer, our portfolio studio Unfrozen has now introduced all the factions coming to the game’s Early Access launch. So for our next series of devlogs, we’re diving deeper into what truly sets each faction apart.... |
| Nov 27, 2025 | Community matters — always. | One of the highlights of Heroes of Might and Magic: Olden Era marketing campaign was a collaboration between our portfolio studio Unfrozen and Anna from Heroes Take Turns – one of the most trusted and beloved creators in the Heroes communit... |
| Nov 19, 2025 | Unfrozen setting the benchmark for community-first development! | The results of hard work and dedication are undeniable. No one works their audience quite like the team at Unfrozen! |
| Nov 7, 2025 | Heroes of Might and Magic: Olden Era is featured on the cover of the latest issue of PC Gamer magazine! | In this exclusive cover story, PC Gamer sat down with Unfrozen, the developer behind Olden Era, to talk about the studio’s journey in bringing this new installment of the Heroes of Might and Magic series to life |
| Oct 20, 2025 | Heroes of Might and Magic: Olden Era Demo Reviews | Reviews for the Heroes of Might and Magic: Olden Era demo from our portfolio company Unfrozen are in, and we’re thrilled to see such incredible feedback from some of the world’s biggest gaming outlets! |
| Oct 16, 2025 | Heroes of Might & Magic: Olden Era hits 1,000,000 wishlists on Steam! | The Heroes of Might & Magic: Olden Era, developed by our portfolio company Unfrozen, has soared to new heights, securing 1 million wishlists and climbing to the #14 spot overall on Steam. |
| Oct 14, 2025 | Olden Era Demo is #1 at Steam Next Fest | Steam Next Fest began yesterday, and the demo for Heroes of Might & Magic: Olden Era by our portfolio company Unfrozen is currently holding the #1 spot! |
| Oct 7, 2025 | The Next Strategy Classic is Coming! | That’s not us talking — that’s GamesRadar+ calling our portfolio company Unfrozen’s Heroes of Might and Magic: Olden Era «a strategy classic in the making!» |
| Oct 3, 2025 | A new Devlog for Heroes of Might and Magic: Olden Era is out! | The game from our portfolio company Unfrozen is currently ranked #25 among the most anticipated games worldwide and is the #1 most wishlisted Turn-based Strategy title. |
| Sep 25, 2025 | SPECTATOR MODE in Heroes of Might & Magic: Olden Era | For the first time in the history of this legendary series, a spectator mode is being introduced — a long-awaited feature that fans have been asking for. And Unfrozen has delivered! |
| Sep 12, 2025 | Olden Era For The Win at DevGAMM Awards! | We are thrilled to announce that Heroes of Might and Magic: Olden Era from our portfolio company Unfrozen has been nominated for DevGAMM Awards! We are so proud of the team and wish them the best of luck! |
| Sep 2, 2025 | Come celebrate the 30th Anniversary of Heroes of Might and Magic! | Ubisoft and our portfolio company Unfrozen invite everyone to join the celebration on October 9! |
| Aug 28, 2025 | Schism is coming to Olden Era! | Our portfolio company Unfrozen has finally pulled back the curtain on the secret 6th faction of their upcoming game, Heroes of Might & Magic: Olden Era. Say hello to the mysterious Schism! |
| Aug 22, 2025 | AppMagic and Skich at the Mobile Game Awards | This week’s Mobile Game Awards were a big one for us! Two of our portfolio companies — AppMagic and Skich — both received an Honourable Mention! |
| Aug 20, 2025 | Unfrozen dropped the Main Menu Theme Preview for Olden Era | Fans of turn-based strategy games, get ready to shed a tear … Our portfolio company Unfrozen dropped the Main Menu Theme Preview for their upcoming game, Heroes of Might & Magic: Olden Era! |
| Aug 7, 2025 | Battle & Combat in Olden Era | It’s so cool that fans and influencers are already creating content for Heroes of Might & Magic: Olden Era by our portfolio company Unfrozen before the game has even been released! |
| Jul 29, 2025 | 🧙♂️ Devlog #3 on Skills in Heroes of Might and Magic: Olden Era | Unfrozen is back with another devlog. This time, all about how hero skills will work. It’s everything we love: respectful to the classics, full of thoughtful design, and clearly made by people who truly understand what fans care about. |
| Jul 2, 2025 | A Match Made in Strategy Heaven! | Some collaborations just feel right, and this is definitely one of them! We’re absolutely thrilled to announce that Hooded Horse is joining our portfolio company Unfrozen and Ubisoft as a co-publisher for Heroes of Might and Magic: Olden Er... |
| Jun 16, 2025 | 2nd Community Update for Heroes of Might and Magic: Olden Era | Unfrozen just dropped a jaw-dropping update for Heroes of Might & Magic: Olden Era — the Necropolis Town Update and the Schools of Magic reveal are here. |
| Jun 11, 2025 | 🏆 We took 3 out of the Top 5 spots at Summer Game Fest! | While watching the show with GEM Capital team, we couldn’t shake the feeling that Mundfish projects were among the absolute highlights of the show—if not THE highlight. |
| Jun 11, 2025 | Mundfish and Team Clout are absolutely crushing the wishlists! | We recently shared how, after the first weekend of Summer Game Fest, games from Mundfish and Team Clout secured 3 spots in the TOP 5 most wishlisted games from the event itself. |
| Jun 9, 2025 | The era of Atomic Heart is here! | At Summer Game Fest in Los Angeles last Friday, our portfolio company Mundfish unveiled no less than THREE new games to the world, making it one of the event’s most significant highlights! |
| May 26, 2025 | Interview at Game Fest 2025 | We were excited to take part in Game Fest 2025 in Uzbekistan — a vibrant and fast-growing hub for creative talent in the games industry. |
| May 5, 2025 | GEM is heading to Dubai for the Dubai Game Expo by PocketGamer! | Dubai Game Expo by PocketGamer is just around the corner, and our team will be there on May 6th & 7th. Looking forward to catching up with all our old friends and making new ones! |
| Apr 16, 2025 | Olden Era in Top 10 Trending Steam Games | What goes around comes around… except for Olden Era by Unfrozen! |
| Apr 9, 2025 | Unfrozen and Weappy Featured at The Triple-i Initiative! | Don’t miss The Triple-i Initiative tomorrow! |
| Apr 9, 2025 | We congratulate Unfrozen on reaching their amazing 500,000 wishlists milestone! | Sending love and respect from Team GEM to Team Unfrozen on reaching their amazing 500,000 wishlists milestone! So much more to come, we’re just getting started! Team Olden Era forever! |
| Apr 7, 2025 | Heroes of Might & Magic: Olden Era is the #1 most anticipated turn-based strategy game on Steam | Absolutely thrilled to share some huge news from our portfolio! Heroes of Might & Magic: Olden Era by the brilliant team at Unfrozen has officially surpassed 500,000 wishlists on Steam! |
| Mar 26, 2025 | Olden Era in Top 15 Trending Steam Games | Unfrozen’s Heroes of Might & Magic: Olden Era is in GameDiscoverCo’s top 15 trending Steam games! In good company with inZOI and Silent Hill f! Congrats, Unfrozen! |
| Mar 12, 2025 | GameStar Features Olden Era | GameStar, the leading German-language gaming media, has launched its English YouTube channel … and one of their first videos features Heroes of Might and Magic: Olden Era by Unfrozen! |
| Feb 21, 2025 | GEM Capital featured on CNBC Arabia | Guess where we are? The CNBC Arabia studio! We had a ton of fun shooting Game Changers! |
| Feb 17, 2025 | WN Events and GEM Capital Game Finder Contest Winners Revealed! | WN Events and GEM Capital Game Finder Contest Winners Revealed! |
| Jan 16, 2025 | GEM Capital Wrapped Up 2024 with Game World Observer | Kirill and Roman Gurskiy sat down with Game World Observer to talk about our big wins in 2024 and what’s next. |
| Dec 23, 2024 | Three legendary composers are creating the music for Olden Era! | Our portfolio company Unfrozen has just announced that three renowned composers are working on the music for Heroes of Might & Magic: Olden Era |
| Dec 19, 2024 | Olden Era — Dungeon Faction Reveal | Our portfolio company Unfrozen has unveiled the full reveal of the Dungeon Faction. Meet the Dungeon and their subterranean realm, populated by Troglodytes, Minotaurs, Medusas, Hydras, and of course, fearsome Black Dragons! |
| Dec 17, 2024 | Nikoderiko Joins Astrobot and Crash Bandicoot in the Top 10 PS5 Platformers of All Time! | As the year wraps up, Game Rant has compiled a list of the 10 Best 3D Platformers on PS5 of All Time, and words can’t express how thrilled we were to see Nikoderiko make the cut |
| Dec 11, 2024 | Heroes of Might & Magic Advent Calendar! | The countdown to Christmas is on, and Unfrozen is spreading holiday cheer with their Advent calendar! |
| Dec 3, 2024 | 10 Lessons Learned from Developing Nikoderiko — A Must-Read for Game Developers! | We’re proud to share an insightful article from our portfolio company, VEA Games, published on Game Developer. |
| Nov 27, 2024 | GEM CAPITAL FOR FORBES: «What Game Development Studios Should Consider Before Moving to Cyprus» | We’re excited to share a new article by Roman Gurskiy, our Managing Director at GEM Capital, featured in Forbes: «What Game Development Studios Should Consider Before Moving to Cyprus.» |
| Nov 8, 2024 | The Eternal Life of Goldman at the Game Industry Conference! 📍 | After wowing audiences at Gamescom and Tokyo Game Show, The Eternal Life of Goldman by Weappy recently captivated crowds at the Game Industry Conference in Poznan, Poland! |
| Nov 8, 2024 | Unfrozen unleashes the Necropolis faction! | A Frightening Force Awaits! This Halloween, our portfolio company Unfrozen unleashes the Necropolis faction. |
| Oct 31, 2024 | Unfrozen at the XXV Anniversary Championship hosted by H3.GG | Our portfolio company Unfrozen was honored to attend the XXV Anniversary Championship hosted by H3.GG, celebrating 25 years of the legendary Heroes of Might and Magic III. |
| Oct 24, 2024 | The Eternal Life of Goldman completely blew up at Tokyo Game Show 2024 | NintendoLife nailed it when they said, «The Eternal Life Of Goldman’s Stunning Hand-Drawn Visuals Have Blown Our Socks Off.» |
| Sep 27, 2024 | Highlights from WN Cyprus ’24! | It was a real privilege to moderate the panel Mastering the Game: How to Secure Deals with Global Giants in 2024 at WN Cyprus ’24 alongside some incredible industry leaders |
| Sep 10, 2024 | GEM Capital at WN Cyprus ’24! | We’re thrilled to share that Roman Gurskiy, our Managing Director, will be moderating the panel Mastering the Game: How to Secure Deals with Global Giants in 2024 at WN Cyprus ’24! |
| Aug 23, 2024 | Ubisoft & Unfrozen Reveal Heroes of Might and Magic: Olden Era | Ubisoft and Unfrozen announced Heroes of Might and Magic: Olden Era, a new installment in the beloved strategy franchise, at Gamescom |
| Jul 26, 2024 | Hollywood Animal nominated at ChinaJoy! | We’re excited to share that «Hollywood Animal,» developed by Weappy, has been nominated in the Best Simulation Game category at the ChinaJoy x Game Connection Indie Game Development Awards |
| Jun 10, 2024 | VEA Games Announces New Game Nikoderiko™: The Magical World! | GEM Capital is excited to announce that VEA Games, our portfolio company, has revealed Nikoderiko™: The Magical World at the Future Games Show: Summer Showcase 2024! |
| Jun 3, 2024 | Gem Capital invests $5M IN Weappy, VEA Games and Game Garden | GEM Capital is delighted to announce that we’ve recently invested $5 million into three game development studios: Weappy, VEA Games, and Game Garden. |
| Jan 18, 2024 | GEM Capital and Unfrozen meet up in Paphos! | Unfrozen are the creators of Iratus: Lord of the Dead (85% Steam rating), the most successful successor of the Darkest Dungeon |
| Jan 17, 2024 | ATOMIC HEART IS ONE OF BAFTA’S 60 BEST GAMES OF 2023 | Atomic Heart by our portfolio company Mundfish was named one of BAFTA’s 60 best games of 2023 and longlisted as Best Debut Game! |
