Five Saudi Game Studios receive investment of $6.7M by Impact46

 

Saudi venture capital firm invests $6.7M in five game studios  

Venture capital firm Impact46 has invested SAR 25 million ($6.7 million) in five Saudi-based game developers—Fahy Games, NJD, Game Cooks, Starvania, and Alpaka Games—through its SAR 150 million Gaming Fund, launched in March 2024.

The move expands Impact46’s 2025 gaming portfolio to nine MENA studios, following earlier investments in Spoilz and Spekter Games. The strategy aligns with Saudi Arabia’s Vision 2030 and the National Gaming and Esports Strategy, both aimed at positioning the Kingdom as a leading regional gaming hub.

 

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The studios represent a diverse mix of platforms and genres:

·         Fahy Games and NJD — mobile-first experiences

·         Starvania — PC titles including Bahamut and The WaqWaq Tree

·         Alpaka Games — next-gen hybrid-casual action

·         Game Cooks — award-winning Lebanese studio now based in Riyadh, producing VR, mobile, and PC content

Impact46’s existing partners also bring unique strengths: Spoilz focuses on culturally inspired games, while Spekter Games bridges Web2 and Web3 publishing.

 

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“Gaming is more than a sector—it’s a language of youth, culture, and creation,” said Basmah Alsinaidi, Managing Partner at Impact46. “We’re backing builders who are not only launching games but creating the infrastructure, stories, and platforms shaping the next era of content in the region.”

Source: https://www.pocketgamer.biz/