- Fahy, a Saudi game studio, secured USD 1.75M from Impact46 and Merak Capital to fuel mobile game development.
- The funding will expand production, hire top talent, and back Fahy’s push into hybrid casual mobile games with global appeal.
- Founded in 2023, Fahy gained traction through NEOM’s LevelUp accelerator and a publishing partnership with global game publisher Kwalee.
Fahy
What happened? Saudi’s game development studio, Fahy, secured USD 1.75 million from Impact46 and Merak Capital.
What is next? With the newly acquired funding, it aims to push the boundaries of mobile gaming, expand production capabilities and hire top talent.
“This investment fuels our mission to push the boundaries of mobile gaming, expand our production capabilities, and attract top talent to the Kingdom. 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,” said Hani Hashem, CEO and Co-founder of Fahy.
Gaming
Who are they? Founded in early 2023 by Hani Hashem, Owis Alsaour and Fahad Alshibl, Fahy is a Saudi-based game development studio aiming to elevate gaming on the go. Furthermore, its strategy revolves around the hybrid casual genre, building games that blend accessibility with depth.
Hani Hashem, CEO and Co-founder of Fahy, said, “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.”
The startup gained momentum during their enrollment in NEOM’s LevelUp accelerator. During this time, they transformed from an indie team into a scalable studio. Furthermore, it expanded its reach through a publishing partnership with Kwalee. This gave it access to expertise in user acquisition, monetization, and global game publishing.
Its current pipelines includes multiple titles such as:
- RAWR, an expansive monster-collecting RPG with unique battle mechanics, deep meta elements, and an immersive storyline.
- Footy Traps, a fast-paced PvP football game where strategy is key to outsmarting opponents and climbing the ranks.
- Heist Party, a chaotic multiplayer heist game where players can team up or betray each other in a race for the biggest loot.
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