Nexters is a Limassol-headquartered mid-core mobile games publisher best known for Hero Wars, a long-running RPG that at its peak was one of the highest-grossing role-playing games on iOS and Android worldwide and popularized the now-ubiquitous 'puzzle in the ad, different game inside' marketing pattern. The company runs a portfolio of live-ops titles, relies on heavy user-acquisition and A/B testing in-house, and operates from Cyprus as a talent and operational hub following the 2020-2022 wave of games-industry migration into Limassol.
In 2021 Nexters went public on Nasdaq via a SPAC combination at a valuation north of USD 1.5 billion, making it one of the very few Cyprus-listed consumer-tech exits on a major US exchange. For the directory it represents the scale of the Limassol mobile-gaming cluster that grew up around Wargaming and has since attracted dozens of studios and publishers.
Limassol, Cyprus
Startup
Public
/cyprus/startup/nexters
No investors have been linked yet.
Founded 2013 by prominent Spanish entrepreneurs. Runs 5-month batches for early-stage digital startups in media, gaming, and mobile; mentors take equity and support Demo Day. Notable alumni include Glovo and Meller. Scope: Regional (Barcelona & Madrid).
Concierge-style soft-landing hub integrated with local partners such as SeedRocket and Pier01. Strong on mobile, gaming, and impact startups, with frequent networking to fast-track community access.
Founded in 2003, Creandum is a top-tier Nordic early-stage VC based in Stockholm with offices in Berlin and San Francisco. The firm manages over EUR 1B and invests EUR 1-10M at seed and Series A in consumer internet, fintech, gaming, and SaaS. Creandum was the first institutional investor in Spotify and has also backed Klarna, Trade Republic, Depop, and Vivino. The team focuses on ambitious European founders building category-defining companies with global reach.
Established 2014. EU-backed accelerator for mobile and digital startups (edtech, mobility, etc.) with online program, equity-free grants, mentoring, and international roadshows. Notable alumni include ChainGO. Scope: International (EU).
Part of ANJE, LINC Evora (est. 2011) incubates tech startups in the Alentejo region with office space and a collaborative community. Focus on software, mobile apps, and social media; reports 69 investments and 6 exits. Scope: Regional (Alentejo).
Northzone is a prominent European venture capital firm with Scandinavian roots, known for early bets on companies like Spotify and Klarna. Founded in 1996 in Oslo (and now headquartered in Stockholm with a big presence in London), Northzone is an evergreen VC fund that has raised 9 funds to date. It invests from Seed and Series A up to Growth (Series B/C), typically focusing on consumer internet, fintech, and B2B SaaS. Northzone rose to fame as the earliest institutional investor in Spotify – it led Spotify’s $21M Series A in 2008 and remained a major shareholder until IPO. It was also an early backer of Klarna (led the $8M Series A in 2010) and other Nordic breakouts like iZettle (payments, acquired by PayPal) and Avito (Russian classifieds, acquired by Naspers). Over the years, Northzone expanded its geographic focus to include the UK, Benelux, and the US East Coast (they’ve invested in Wallapop in Spain, Personio in Germany, and Secret Escapes in UK, among others). The firm’s investment approach is relatively hands-on – partners often take board seats and leverage Northzone’s network for business development of their portfolio. With approximately €1.5 billion under management, Northzone typically writes initial checks of €2–10M and can follow on with much larger amounts. In 2022, Northzone raised a new €1B+ fund, reflecting growing LP interest in European tech. The team blends operational experience and finance acumen; notable partners include Pär-Jörgen Pärson (who led the Spotify deal) and Michiel Kotting (who sits on Personio’s board). Northzone often leads or co-leads rounds and likes to syndicate with US VCs when scaling globally. Beyond fintech and music tech, they have investments in healthtech (Kry), edtech (Kahoot!), crypto (Sovereign), and more – showcasing a broad thesis of “transformative tech.” Northzone’s steady success over 25+ years – producing multiple billion-dollar exits – has cemented its reputation as one of Europe’s top-tier venture firms, bridging the vibrant Nordic ecosystem with the rest of the continent.
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