The Stories Studio secures $70,000
Source: Startup MGZN
The Stories Studio, one of the graduates from Flat6Labs Bahrain’s First Cycle has officially secured follow-on funding. Founders Saba Saleem Warsi and Sajad Hameed announced that they had received an angel investment of $70,000 from Mr. Faris Algosaibi.
The Stories Studio, is a game development startup that focuses on the concept of creating impactful and ethical games with effective storytelling that raises awareness on key causes such as refugees and donating 2.5% of its profits made to respective cause the game is based on.
New Investor Mr. Faris Algosaibi said: “I came on board with the Stories Studio because I think there is good chemistry. A company with a good mix of people, high aims, and importantly- a mission to communicate important issues through gaming.”
Saba Saleem Warsi, CEO & Founder of The Stories Studio said: “Having Faris on board is a dream come true for us, at the absolute right time. His knowledge and love of the gaming world fits in perfectly with the studio’s plans and what we need at the moment. We feel it is so important to have an investor who holds the same values as the business they are investing in. We are ecstatic that he has decided to back the studio.”
The Stories Studio was selected as part of Flat6Labs Bahrain’s First Cycle in July 2018, where they received $32K in seed funding and successfully completed the 4-month acceleration program.
Ryaan Sharif, the Managing Director of Flat6Labs Bahrain said: “We are very pleased to see the hard work of our accelerated startups such as The Stories Studio pay off. We would like to thank Mr. Algosaibi for sharing in the vision of The Stories Studio and being part of its future journey that undoubtedly has a lot of potential.”
The Stories Studio is currently working on securing publishing deals with global mobile game publishers and this new funding from Mr. Algosaibi will allow them to cover their operational costs while they continue to work on their product development and revenue generation.