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Andrey Fadeev

Co-founder & CEO at Nexters

Andrey Fadeev is a prominent game industry executive and entrepreneur. He is the Co-founder and CEO of Nexters Global Ltd. and GDEV Inc., a Nasdaq-listed European game development holding company based in Cyprus.134

Professional Background

Fadeev has a significant history in game development:

  • Founded Progrestar, a social games development studio, where he released the popular strategy game Throne Rush25
  • Co-founded Nexters in 2014 with Boris Gertsovskiy, transforming their previous game studios into a unified company23
  • Helped grow Nexters into one of the top 5 independent mobile game developers in Europe3
  • Took the company public on Nasdaq in 2021 at a valuation of $1.9 billion2

Current Roles and Achievements

  • CEO of GDEV, the only Nasdaq-listed European game development holding4
  • Net worth estimated at $98 million as of 20241
  • Graduated from Bauman Moscow State Technical University1
  • Oversees a company with over 220 million game installs worldwide and a team of 700+ game developers3

Fadeev is known for his strategic approach to game development, focusing on mobile platforms and creating engaging games like Hero Wars, which has been a long-standing market success.5

Highlights

Aug 23 · linkedin

Can a game that's been around for 8 years still win awards? The answer is YES! 🏆 Not only can it win awards, but it can also evolve, grow, and thrive. This is possible only when you create timeless games as a service — GaaS. Congratulations to the Nexters ($GDEV) team for not just weathering tough times, but for continuing to grow 🌱. Only the most resilient can do this. I’m incredibly proud of you all! 💪🎉

Aug 14 · linkedin

In 2021, we crossed a significant milestone and became a public company 🎉. When you go public, a lot changes, including the people around you. It’s common for entrepreneurial spirit to fade in public companies 😔, leaving no room for bright, innovative individuals. I was worried we might lose our spark, stop creating, and become a soulless bureaucratic machine. But! Luckily, that didn’t happen 💪. It turns out, to keep a company from losing its soul, you just need the right, brilliant people who remain sharp-minded and are ready for extraordinary achievements and solutions. We have a rigorous selection process for people I’m willing to invest my life. And I’m thrilled that one day, we found Roman Safiyulin 🔜 GamesCom. Just look at how awesome he is! 🚀

Related Questions

What are some of the most successful games developed by Nexters?
How did Andrey Fadeev transition from Progrestar to Nexters?
What is the significance of Nexters going public on Nasdaq?
How did the partnership between Progrestar and CrazyBit influence Nexters?
What are Andrey Fadeev's key achievements as CEO of Nexters?
Andrey Fadeev
Andrey Fadeev, photo 1
Andrey Fadeev, photo 2
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Location

Cyprus