For Immediate Release
October 4, 2023 – Today, developer Sad Cat and Cyprus-based enterprise agency GEM Capital introduced a $5M funding within the studio. The funds shall be used for improvement of future video games, primarily Replaced, in addition to a buyout of shares from the studio’s angel buyers.
Replaced
Replaced (stylized as REPLACED) is a cinematic motion platformer set in a dystopian retro-futuristic imaginative and prescient of ‘80s America. The game combines spectacular and fierce combat encounters featuring old-school hand-painted pixel art enhanced with modern visual effects. Players take on the role of REACH, an AI trapped within a mortal human body against its will, fighting for survival against all odds. Replaced promises a thrilling story set in a variety of beautiful locations both inside and outside of Phoenix City, as well as a fast and ruthless combat system.
Replaced first debuted at E3 2021 during Microsoft’s Xbox Showcase. Xbox head Phil Spencer wrote on X that Replaced “is one thing distinctive and completely different” and that he was “proud to have it within the present”.
The second trailer premiered at The Game Awards 2022. The recreation’s two trailers have since acquired over 2 million views and garnered extremely optimistic suggestions from gamers, with 98% likes on YouTube.
Replaced is included within the lists of probably the most anticipated video games by VentureBeat, Polygon, IGN, GameSpot, Forbes, RockPaperShotgun and extra. Replaced was included by Unity within the checklist of “Incredible Made with Unity video games” at GDC 2023.
Replaced is among the many most wishlisted video games on Steam.
Sad Cat Studios
Sad Cat Studios was based in 2018 in Minsk, Belarus, by recreation builders and entrepreneurs Yura Zhdanovich and Igor Gritsay. Yura, with over 8 years of expertise as an artist and visible designer in recreation improvement firms and startups like MSQRD, joined forces with Igor, who has a robust background in IT and e-commerce, to ascertain the muse for the studio’s exceptional journey.
Since then, the studio has partnered with writer Coatsink and relocated its headquarters to Limassol, Cyprus. It now operates from workplaces in each Limassol, Cyprus and Gdansk, Poland.
In 2022 the Company raised a pre-seed spherical from Kolas Ventures.
With a crew of over 30 recreation builders, Sad Cat Studios is gearing as much as launch their upcoming recreation, Replaced, in 2024 on PC and Xbox consoles. Leading roles within the studio are held by people with expertise working in firms reminiscent of Wargaming, Azur Games, Playgendary, Mandragora and extra.
Stay up to date with the latest information and updates on Replaced by following Sad Cat Studios on Twitter/X.
Roman Gurskiy, GEM Capital’s Managing Director, stated in an announcement,
“We are excited to announce our contribution to the success of Replaced, which is at the moment one of the crucial anticipated indie titles. At GEM, we firmly imagine that Replaced has the potential to redefine the gaming panorama, captivate audiences worldwide and launch a brand new sturdy franchise. Our funding not solely goals to help Yura and Igor of their future endeavors but in addition to make sure the long-term development and sustainability for his or her gifted crew! ”.
Yura Zhdanovich, Founder and Game Director at Sad Cat Games, stated in an announcement,
“The ultimate goal of our studio has always been to create experiences we, as creators and artists, can be proud of and Replaced is, no doubt, our first testament to that. We are grateful for the trust that our new partners at GEM Capital are putting in our studio and cannot wait to finally show what we have been crafting all these years”.
About GEM Capital
GEM Capital is a recreation funding firm based in 2017 in Paphos, Cyprus, by PwC veteran Anatoliy Paliy. GEM Capital has a robust portfolio, with seven out of the highest ten recreation startups rising from Cyprus being portfolio firms of GEM Capital. The common Steam and Metacritic scores of video games developed by GEM’s portfolio firms are above 80%.
With a present portfolio valued at over 100 million USD, GEM Capital is ranked among the many high gaming funds on the planet and was named Best Investor of 2021 by App2top, the main business media in Eastern Europe. Notable investments embrace Mundfish (Atomic Heart), Eschatology Entertainment, Red Rover Interactive, Weappy, Made on Earth Games, and Unfrozen.
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