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Investment firm Merak Capital has launched its games fund and accelerator to support MENA start-ups.
Excel By Merak’s 306 million SAR (~$82 million) fund is focused on empowering early-stage game development studios, publishing platforms and other innovative services related to video games.
Merak’s accelerator program plans to invest in 15 to 20 start-ups, focusing on both local and international companies relocating to Saudi Arabia. The goal is for these start-ups to develop at least 15 commercially viable games and help position the Kingdom as a global games hub.
The accelerator consists of a brief virtual bootcamp, followed by a 14 to 16 week core program. It will end with a demo day and ongoing post-program support.
Providing strategic support
“Exel By Merak and its gaming accelerator program is a testament to Merak Capital’s commitment to building a vibrant games ecosystem in Saudi Arabia,” said Merak Capital CEO and founder Abdullah Altamami.
“At Merak, we leverage our industry expertise and global network to provide selected startups not only with equity investment but also with the tailored resources and strategic support essential for their success.
“By offering mentorship from world-class experts, support services from gaming industry experts, and access to a leverageable network, we aim to empower these startups to drive innovation and establish Saudi Arabia as a global hub for gaming excellence.”
