The region has witnessed a wave of funding activity. Gathern.co (🇸🇦 KSA), the Kingdom’s largest P2P rental marketplace offering 35,000+ accommodations across 280 cities, announced the closing of a $72M Series B round led by Sanabil Investments, with participation from STV, Nuwa Capital, Endeavor Catalyst, Pinnacle Capital, and other strategic investors. The funding values the company at over SAR 1B ($266M) and paves the way for a potential IPO on the Saudi Stock Exchange (Tadawul).
Founded in 2017 by Latifah Altamimi and Eman Alsuwailem.
In gaming, Fahy Studios (🇸🇦 KSA), a hybrid-casual mobile game studio, secured $1.75M from Impact46 and Merak Capital to expand production and accelerate its global pipeline. Emerging from NEOM’s LevelUp accelerator, the studio has signed a publishing deal with UK-based Kwalee and is currently developing RAWR, Footy Traps, and Heist Party.
Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Al-Shibl.
Starvania Studio (🇸🇦 KSA), an indie developer of fantasy console and PC games, raised $1.1M from Merak Capital and Impact46. The studio gained recognition with Bahamut and The Waqwaq Tree on Steam. The fresh capital will boost production, expand the team, and support the development of original IPs with cross-media potential.
Founded in 2022 by Meaad Aflah Gamescom and Eng. Muslih Alzahrani.
In Egypt, Zaher.AI (🇪🇬 Egypt) raised $150K from Miska Venture Studio and angel investors to launch its Generative Engine Optimisation (GEO) platform in Arabic, enabling enterprises to enhance visibility across AI channels.
Founded in 2025 by Anwar Aly.
