Classy Games Studios Secures Investment from Merak Capital & Exel by Merak for "Silly Suspects" Game
Classy Games Studios, led by founder Jamie MacLeannan, has received an undisclosed investment from Merak Capital and Exel by Merak. This funding is aimed at supporting the development of the studio's new game, "Silly Suspects," and contributes to the broader strategy of bolstering Saudi Arabia's burgeoning gaming sector, which also involves a partnership between Merak Capital and Savvy Games Group.
Merak Capital and Exel by Merak Invest in Classy Games Studios
The investment in Classy Games Studios by Merak Capital and its accelerator arm, Exel by Merak, signifies a strategic move to back promising game development ventures. While the specific amount invested in Classy Games Studios was not disclosed, it is part of a larger commitment to the region's gaming industry.
Focus on "Silly Suspects" and KSA Gaming Growth
The primary purpose of this investment is to fuel the development of Classy Games Studios' upcoming title, "Silly Suspects." Beyond this specific game, the collaboration aims to contribute significantly to the rapid growth of the gaming sector within Saudi Arabia, supporting the Kingdom's ambitious vision to transform itself into a global gaming hub. The operations and impact of this investment span Northern Ireland, the UAE, and Saudi Arabia, indicating a cross-regional approach.
Broader Strategic Partnership: Merak Capital and Savvy Games Group
This investment occurs within the context of a larger strategic vision. Merak Capital has also partnered with Savvy Games Group and recently launched a fund valued at $81 million. These initiatives are squarely aimed at accelerating the development of the gaming ecosystem in Saudi Arabia and establishing it as a leading international center for game development and e-sports.
About Classy Games Studios
Founded by Jamie MacLeannan, Classy Games Studios is a game development company involved in creating new gaming experiences, with its current focus on the title "Silly Suspects." The studio has connections and operational considerations across Northern Ireland, the UAE, and Saudi Arabia.
About the Investors and Key Partners
Merak Capital: An investment firm actively deploying capital in promising ventures, including a significant new fund dedicated to the gaming sector in Saudi Arabia.
Exel by Merak: Likely the accelerator or early-stage investment arm of Merak Capital, focused on nurturing startups like Classy Games Studios.
Savvy Games Group: A major player in the gaming industry, partnering with entities like Merak Capital to drive the growth of the games ecosystem in Saudi Arabia and globally.
Looking Ahead
The investment in Classy Games Studios by Merak Capital and Exel by Merak, coupled with the strategic alliance with Savvy Games Group, is set to provide a significant boost to "Silly Suspects" and the broader Saudi gaming landscape. This move reflects the strong commitment to fostering local talent and international collaborations to achieve Saudi Arabia's vision of becoming a global leader in the gaming industry.
Source: Jawlah