Merak Capital leads $1.3M round in Saudi studio Lambda
What's the deal? Merak CapitalDealroom has a profile for this one. Try Dealroom → has led a $1.3 million round in Lambda Studios, a Saudi game developer that began on Roblox and is now moving onto new platforms, including SteamDealroom has a profile for this one. Try Dealroom →.
The backstory: Founded in 2024, Lambda is a game development and publishing company. Founders Sari and Firas AlSaedi started it as a passion project nearly a decade ago, working from a living room in Mecca. Merak says the studio now reaches millions of players.
What's the money for? Expanding onto new platforms. Merak said studios that own their intellectual property and "grow with discipline" can "carry their success from one platform to the next, and that is what we saw in the Lambda team."
Why now? The deal follows a run of Saudi game funding this year. Merak invested $1 million in Floaty Studio in July through its gaming fund, then co-led a $1.45 million round in Majestic Mind GamesDealroom has a profile for this one. Try Dealroom → with Impact46 in August.
Impact46 separately put $1.5 million into TakahouseDealroom has a profile for this one. Try Dealroom → in September, a deal Merak was not part of.
The signal: The round is less notable for its size than as another sign that funding is reaching local developers—not just major gaming projects—as Saudi Arabia tries to build a homegrown games industry.
Read more: pocketgamer.biz
Image credit: Generated with Gemini
