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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 $98 million as of 20241
- Graduated from Bauman Moscow State Technical University1
- Oversees a company with over 220 million game installs worldwide and a team of 700+ game developers3
Fadeev is known for his strategic approach to game development, focusing on mobile platforms and creating engaging games like Hero Wars, which has been a long-standing market success.5
Highlights
Can a game that's been around for 8 years still win awards? The answer is YES! 🏆 Not only can it win awards, but it can also evolve, grow, and thrive. This is possible only when you create timeless games as a service — GaaS. Congratulations to the Nexters ($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! 💪🎉
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! 🚀
