Unfrozen

Unfrozen is a game developer from St. Petersburg, founded in 2016. The founders of the company are Denis Fedorov and Vladimir Zatolokin. The development at the studio is in Cyprus (by August 2021). Unfrozen is known for the role-playing tactical game Iratus: Lord of the Dead.

History

2021: Raising $1.7 million from GEM Capital

In August 2021, it was announced that the investment company GEM Capital had invested $1.7 million in the Unfrozen gaming studio. The funds will go to strengthen the team. The detailed terms of the financial transaction are not disclosed, including the estimated value of the startup.

We are pleased to announce this deal. Unfrozen went through a difficult stage of formation for each young studio: they formed a strong and dedicated team and released their first product, "says Kirill Gursky, head of gaming at GEM Capital. - The studio proved that it can create commercially successful games with competitive budgets. Now the team sets itself even more ambitious goals. It's time to grow further, create new worlds and launch new games with larger budgets. We are ready to help Unfrozen achieve its goals.

Game developer from St. Petersburg Unfrozen raised $1.7 million

According to the founder and CEO of Unfrozen Denis Fedorov, GEM Capital's investments will help us strengthen the team and in the future move to parallel development of several projects. The Iratus franchise will continue to develop, based on the experience accumulated over the years of development, in the future it is planned to create even more complex and interesting gaming products, he said.

Fedorov added that by August 2021, the company is not ready to disclose all plans, but it promises "ambitious announcements and releases."

By mid-August 2021, GEM Capital invested in 15 companies, including Mundfish (Atomic Heart), Owlcat Games (Pathfinder: Kingmaker), Deus Craft (Grand Hotel Mania) and 110 Industries.