Wamda

Saudi Arabia

Saudi gametech Qwacks raises $480,000 pre-seed from Merak Capital

Qwacks, a Saudi gametech, has raised $480,000 in pre-seed funding from Merak Capital. Founded in 2024 by Anas Alsahli...

Merak Capital Qwacks

U.A.E

Impact46 backs Hypemasters with $1 million investment

Impact46 has led a $1 million investment round in Hypemasters, with strong participation from GEM Capital. The funding will support...

Hypemasters Impact46

Regional

Gaming emerges as MENA’s next big venture bet

An article by Kirill Gurskiy, Managing Director at GEM Capital. Today, the Middle East and North Africa region stands at a unique...

Gaming oped gametech

Saudi Arabia

Sheba Joy raises $293,000 pre-seed from Merak Capital

Saudi Arabia-based mobile gaming studio Sheba Joy has raised $293,000 (SAR 1.1 million) pre-seed funding led by Merak...

Sheba Joy Merak Capital Gaming

Saudi Arabia

Merak Capital backs Spoilz as part of Saudi Arabia’s push to lead global gaming

Saudi Arabia-based game development studio Spoilz has secured funding co-led by Merak Capital and Impact46, with...

Spoilz Merak Capital Gaming

Saudi Arabia

Impact46 acquires Saudi gaming studio Kammelna for $53 million

Saudi Arabia-based VC Impact46 has acquired the Saudi game development studio "Kammelna" for $53 million. Founded in...

Impact46 Kammelna

Saudi Arabia

Starvania lands $1.1 million investment to expand Saudi gaming innovation

Starvania Studios, a Saudi indie studio, has secured a $1.1 million investment from Merak Capital and Impact46. Founded in...

Starvania Studios Merak Capital Impact46

Saudi Arabia

Fahy lands $1.75 million investment to build Saudi gaming hits

Saudi Arabia-based Fahy Studios has secured $1.75 million in investment from Impact46 and Merak Capital to accelerate mobile game...

Fahy Studios Impact46

U.A.E

KBW Ventures leads PlaysOut's $7 million Seed round

UAE-based gametech PlaysOut has raised $7 million in a seed funding round at a $70 million valuation from investors,...

PlaysOut KBW Ventures gametech

U.A.E

DeChat raises $1 million from Mindspace Solutions

UAE-based Web 3.0 social network DeChat has raised $1 million in a funding round led by Mindspace Solutions. DeChat develops a...

DeChat Mindspace Solutions Web 3.0

U.A.E

Playgama to step up Web gaming development with $3 million funding

UAE-based gametech startup Playgama has raised $3 million in a funding round led by The Open Platform and s16vc. The round is also...

Playgama The Open Platform

Saudi Arabia

Jetapult pumps $4.5 million in Saudi game studio UMX

Saudi Arabia-based game studio UMX has raised $4.5 million from Jetapult, an investment company backed by Accel Partners. As part of...

UMX Studio Jetapult Gaming

U.A.E

Muller & Phipps Middle East fully acquires Power League Gaming

MENA based Technology distribution house, Muller & Phipps Middle East Group has acquired The UAE-based gaming and esports agency,...

Muller & Phipps Power League Gaming

Saudi Arabia

Grintafy secures funding from Chiliz to speed up Web3 transition

Saudi Arabia-based sportstech Grintafy has raised an undisclosed investment amount from Chiliz. Founded in 2019 by Majdi Allulu,...

Grintafy Sportstech Chiliz

Saudi Arabia

Saudi Arabia deploys $120 million to boost gaming, esports industry

Saudi Arabia’s National Development Fund (NDF) and the Social Development Bank (SDB) will jointly establish two venture capital...

National Development Fund Social Development Bank Gaming and Esports Financing Programme

U.A.E

GameCentric secures $1.5 million in funding

UAE-based gaming platform GameCentric has raised $1.5 million in capital from angel investor, Bilal Merchant. Founded in 2023 by...

GameCentric Gaming Web 3.0

U.A.E

Exverse lands $3 million investment

UAE-based Web3 gaming platform Exverse, has raised a private funding round of $3 million, led by Cogitent Ventures, Cointelligence, and...

Exverse Gaming Web3

Saudi Arabia

Gaming platform Rize.gg raises $430,000 pre-Seed round

Saudi Arabia-based e-gaming startup Rize.gg has raised a $430,000 pre-Seed funding round, led by angel investors. Founded in 2022 by...

Rize.gg E-gaming

U.A.E

Fanzword secures $1.2 million pre-Seed led by XVC Tech

UAE-based e-sports startup Fanzword has raised a $1.2 million pre-Seed round led by XVC Tech and other regional angel...

Fanzword XVC Tech

U.A.E

GAM3S.GG raises $2 million Seed round

UAE-based Web3 gaming platform GAM3S.GG, has closed a $2 million Seed funding round, led by Mechanism Capital with the participation...

GAM3S.GG Gaming

Tunisia

Tunisia’s CoaChess raises $191,000 pre-Seed round

Tunisia-based gaming platform CoaChess has raised a $191,000 pre-Seed funding round from Omicrone. Founded in 2021 by Iheb Kaabi,...

CoaChess Gaming

Saudi Arabia

Saudi Arabia’s Savvy Games acquires Scopely for $4.9 billion

Saudi Arabia-based gaming platform Savvy Games Group, owned by the country's sovereign wealth fund, the Public Investment Fund...

Savvy Games Scopely

Egypt

Egypt’s GBarena acquires Tunisia’s Galactech in a $15 million share swap deal

Egypt-based esports platform GBarena has acquired Tunisia’s Galactech for $15 million, in the form of a share swap. This...

Gbarena Galactech

U.A.E

Fenix Games raises $150 million investment

UAE-based gaming platform Fenix Games, has raised $150 million in investment, led by Phoenix Group and Cypher Capital. Founded in 2022...

Fenix Games Gaming

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