- Spoilz Closes Seed Funding Round Without Disclosing Deal Value
- Impact46 Leads the Investment to Expand Gaming Capabilities in the Saudi Market
- The Round Presents an Opportunity to Explore Mobile Gaming Technologies Aligned with Local Cultur
Saudi Arabian gaming company Spoilz has announced the successful closure of a strategic Seed funding round, without disclosing its value.
The round was led by Impact46’s venture capital fund, alongside strategic investors.
The new funding aims to explore gaming opportunities in the Saudi mobile gaming market, expand game development, and drive the company’s growth both locally and regionally by promoting culturally relevant games.
Additionally, the investment will accelerate the development of new intellectual properties, introduce innovative games to the local market, support local talent, and advance new technologies in the gaming industry.
It will also enhance player engagement and revenue generation, while fostering the next generation of game developers, designers, and industry professionals in Saudi Arabia.
Spoilz is committed to establishing Saudi Arabia as a leading hub for mobile gaming while contributing to the country’s economic growth.
Founded in 2020 by Musab Al-Maliki, the company had previously secured a Pre-Seed funding round of SAR 2.6 million (USD 692,000) in 2022.
This initiative aligns with Saudi Arabia’s National Gaming and Esports Strategy, which aims to generate SAR 50 billion in economic contributions by 2030.
Notably, Impact46 operates a SAR 150 million gaming-focused investment fund, prioritizing investments in tech startups, with Saudi-based companies making up the largest share of its portfolio.
