Riyadh, Saudi Arabia – Merak Capital, a prominent technology-focused investment firm, has unveiled its SAR 306 million gaming fund and accelerator, Exel by Merak, to drive the growth of gaming startups and position Saudi Arabia as a global hub for gaming innovation. The launch event, held on November 17, 2024, at the VOV Gaming Centre […]
Riyadh, Saudi Arabia – Nabt, a Saudi agritech startup transforming the Kingdom’s fresh produce supply chain, has successfully closed a SAR 5.63 million (USD 1.5 million) seed investment round in Q3 2024. The round was led by Merak Capital, a prominent technology-focused investment firm, with the backing of key angel investors. The funding will fuel […]
Jeddah, Saudi Arabia – Shift, a Saudi-based company specializing in smart transportation and logistics services, has successfully raised $82.8 million (SAR 310.8 million) in a seed funding round led by Merak Capital. This significant investment aims to accelerate Shift’s growth and further its innovative solutions, positioning the company as a key player in the Kingdom’s […]
Riyadh, Saudi Arabia – Yalla Plus, a Riyadh-based tech company, has successfully closed a $2.7 million seed funding round, positioning itself as a rising star in the global restaurant and café technology space. The funding round was led by Merak Capital, with significant contributions from Khwarizmi Ventures, the American firm Isometry, and a group of […]