Merak Capital launches $80m fund to toughen MENA video games startups
Funding firm targets to toughen builders, gaming applied sciences, and publishing platforms
Merak Capital has provided a $80 million video games fund and accelerator for startups within the Asia, Middle East, and North Africa (MENA) video games market.
The funding firm targets to toughen 15 to twenty recreation commerce startups by Exel by Merak, together with builders, gaming applied sciences, publishing platforms, and different providers and merchandise.
The accelerator will present these companies with fairness funding, mentorship, help in proper points and relocation, and obtain admission to to devices and sources.
The startups will diagram to assemble “not less than 15 commercially viable and monetizable video games” as phase of this system.
“Exel by Merak and its gaming accelerator program is a testomony to Merak Capital’s dedication to constructing a vibrant video games ecosystem in Saudi Arabia,” acknowledged Merak Capital CEO and founder Abdullah Altamami.
“At Merak, we leverage our trade experience and world community to supply chosen startups not solely with fairness funding b