Fahy lands $1.75 million funding to construct Saudi gaming hits

• Saudi Arabia-based Fahy Studios has secured $1.75 million in funding from Impact46 and Merak Capital to speed up cellular recreation growth.
• Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy is a recreation growth studio specialising in hybrid-casual cellular video games, combining in-house recreation design, artwork, and growth to create revolutionary, partaking gaming experiences that resonate globally.
• With a concentrate on hybrid-casual video games, Fahy is constructing a pipeline of titles, together with RAWR (monster-collecting RPG), Footy Traps (PvP soccer technique), and Heist Party (multiplayer heist motion), whereas aiming to place Saudi Arabia as a worldwide gaming hub.

Press launch:

Fahy, a rising recreation growth studio in Saudi Arabia, has secured a strategic funding of $1.75 million from Impact46 and Merak Capital. This milestone displays the studio’s potential and its dedication to shaping the way forward for cellular gaming whereas contributing to Saudi Arabia’s increasing gaming ecosystem.

Founded in early 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy quickly gained momentum upon their enrolment in NEOM’s unique LevelUp accelerator, the place they reworked from an indie crew right into a scalable studio. The studio additional expanded its attain by a publishing partnership with Kwalee, having access to world-class experience in person acquisition, monetisation, and world recreation publishing.

Fahy’s technique revolves across the hybrid informal style, constructing video games that mix accessibility with depth. Hani Hashem, CEO and Co-founder of Fahy, explains, “Today’s mobile gamers want more than fleeting experiences. They seek games that are easy to pick up but offer meaningful progression. Our goal is to create games that are instantly fun yet endlessly rewarding.”

Fahy’s formidable pipeline options a number of titles, together with RAWR, an expansive monster-collecting RPG with distinctive battle mechanics, deep meta components, and an immersive storyline; Footy Traps, a fast-paced PvP soccer recreation the place technique is vital to outsmarting opponents and climbing the ranks; and Heist Party, a chaotic multiplayer heist recreation the place gamers can crew up or betray one another in a race for the most important loot.

“This investment fuels our mission to push the boundaries of mobile gaming, expand our production capabilities, and attract top talent to the Kingdom.” Hani continues. “We started with a love for gaming and a big dream- to build global hit games from Saudi Arabia, for the world. While our journey is still in its early stages, the backing from Impact46 and Merak Capital is yet another testament to Saudi’s growing ecosystem that is empowering us to compete on the world stage.”

Impact46, a number one Saudi funding agency, emphasised the potential of the Saudi gaming market and the function of native studios in driving development. Basmah Al Sinaidi, Managing Partner  at Impact46, said, “Fahy is one of the unique Saudi studios that possess great potential. We are looking forward to backing the team and their visionary approach to create exceptional games and experiences.” Abdulelah Alshareef, VP of Venture Capital at Merak Capital, highlighted the funding’s significance in shaping Saudi Arabia’s gaming trade: “The gaming trade in Saudi Arabia is evolving quickly, and we see large potential in homegrown studios like Fahy. Mobile gaming, specifically, is a high-growth sector, and Fahy Studios is uniquely positioned to create experiences that interact gamers worldwide. Our funding displays our perception of their imaginative and prescient and our dedication to fostering the expansion of Saudi Arabia’s gaming sector. At Merak Capital, we purpose to empower startups that mix creativity with robust enterprise fashions, and Fahy Studios embodies this strategy. We are excited to help their journey in constructing a globally aggressive cellular gaming firm and contributing to the Kingdom’s ambition of turning into a gaming powerhouse.”

Saudi Arabia is dwelling to over 24 million players, representing 67% of the inhabitants, with native gamers outspending their world counterparts. With the gaming sector projected to multiply in dimension globally by 2030, investments in recreation growth and publishing are essential for establishing the Kingdom as a dominant drive within the trade.