Saudi Game Studio FLOATY Raises $1 Million to Expand Globally
The funding round, led by Merak Capital, will support the studio's plans to develop mobile games for international audiences.
FLOATY Studio, a Saudi mobile game developer founded in 2023, has raised $1 million in a funding round led by Merak Capital through its Merak Gaming Fund.
The investment will support the studio's plans to expand its portfolio of mobile games for global audiences. FLOATY Studio focuses on developing titles that combine accessible gameplay with long-term player engagement.
The Merak Gaming Fund is dedicated to supporting high-potential gaming startups and strengthening Saudi Arabia's game development ecosystem by backing studios creating original intellectual property. The fund has already invested in several local developers as part of a broader strategy to accelerate the sector's growth.
According to Merak Capital, the investment reflects Saudi Arabia's growing position as a market for gaming entrepreneurship and game development.
The funding comes as Saudi Arabia continues to invest in building a globally competitive gaming industry, with increasing support for studios developing original intellectual property aimed at international players. Dedicated investment funds are helping startups secure capital, attract talent and expand into global markets as part of the Kingdom's long-term ambition to establish itself as a regional gaming hub.
