Merak Capital
Institutional investorRiyadh · Seed–Late Stage · 22 people tracked
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Investment thesis
Merak Capital is a fully independent, partner-owned multi-strategy investment institution operating across private markets. It partners with founders, management teams, and institutional investors to build enduring enterprises, emphasizing disciplined and conviction-driven investing. The firm's fund structures aim to combine innovation with regulatory compliance and alignment with investor interests. Merak stresses excellence in governance, transparency, and long-term performance across diverse strategies. Its team brings together investment, operational, and strategic experience, working within a culture of collaboration, discipline, and innovation to accelerate portfolio performance and scale transformative businesses. The platform operates under full compliance with local, regional, and international regulations.
Source: firm website, verified Aug 3, 2026.
Team · 22 people
from the firm's website & public directoriesWhat they invest in
from 13 of 45 portfolio companiesSaaS ×5AI & Machine Learning ×4Data & Infrastructure ×4Enterprise Software ×4Fintech ×3Gaming ×3Healthtech ×2Marketing Tech ×2
HQs:Saudi Arabia×8United States×3United Arab Emirates×2Pakistan×1
Investments · 45 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 52024 · 12023 · 12020 · 19 dated
Ash provides an end-to-end platform for at-home and in-person health testing, connecting organizations to a network of CLIA-/CAP-certified labs and licensed providers through a single integration.
Digital HealthHealthtechInsurTechMedical DevicesSaaSWellness & FitnessSilicon Valley, US
David Stein(Chief Executive Officer)inKyle Waters(Chief Product Officer)inMio AkasakoinNicolas SempereMatt Benton(Chief Financial Officer)inKiel Dowlin(Director)
Co-investors500 GlobalDorm RoomGeneral PartnershipMerck Global Health Innovation FundMerus CapitalMSD Global Health Innovation Fund+3 more
BitOasis is a Dubai-based crypto asset exchange and virtual asset broker-dealer serving the Middle East and North Africa.
Ola Doudin(Founder)in
Co-investorsBuilders + BackersDigital Currency GroupFinbergJabbar Internet GroupPantera CapitalWamda Capital+4 more
Saudi-based, Arabic-first fantasy football and predictor games platform covering the Saudi, English, Spanish and Champions Leagues.
Co-investorsExel by Merak
Evolite Studio is a game development studio that builds original games with an Arabic cultural flavor.
Gaming
Co-investorsExel by Merak
Walee Financial Services is an NBFC-IFS licensed financial institution offering digital financial products with a focus on inclusive, ethical financing for individuals and businesses in Pakistan.
AI & Machine LearningConsumerFintechImpact & Social Good
Co-investorsInvest2Innovate
HyperPay is a fintech payment platform offering e-payment gateway services, recurring billing, payouts, and invoicing for businesses across the MENA region.
Enterprise SoftwareFintechSaaSRiyadh, SA
Co-investorsAB Ventures (Arab Bank)Mad'a Investment CompanySilicon BadiaMiddle East Venture Partners (MEVP)
Loyyal uses blockchain and smart contract technology to build a Blockchain-as-a-Service platform for creating, rewarding, and managing loyalty and incentive programs.
Crypto & Web3Marketing TechSaaSDubai, AE
Ashish Kumar Singh(Chief Executive Officer)in
Co-investorsHayaat GroupMonex GroupUnblock Ventures
Magnitt, based in the United Arab Emirates, operates a subscription financial data platform covering startups and investment activity.
Data & Infrastructure
Philip BahoshyinDana Aljawderin
Co-investors500 GlobalEQ2 VenturesHALA VenturesFinancial Horizon GroupKISP Ventures
Master Works is a company presenting its leadership and board team; the page lists executives and board members but does not describe the company's products or services.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSector Agnostic
HaniBandarMeshari AlRashed(Chief Executive Officer)Mostafa Mohamed(Chief Financial Officer)inMohammad Al-Harbi(Chief Shared Services Officer)
Art investment platform that securitizes blue-chip paintings and sells fractional shares to retail investors.
New York, US
Scott Lynn(Founder)Joshua Goldstein(Executive Officer, Director)Nigel Glenday(Executive Officer, Director)
Co-investorsLeft Lane CapitalGalaxy Interactive
Saudi cloud accounting, POS and ZATCA-certified e-invoicing platform for SMEs, founded in Riyadh in 2016.
Co-investorsArzan VCCedar Mundi Ventures
Raed Health is a Saudi Arabian personal care company focused on grooming products for men.
Healthtech
Saleh AlnanihinSaleh AltuwaijriinSaleh AlnaniyahSaleh MohammedSaud Alwithinani
Co-investors500 Global
Starvania is an indie game development studio creating fantasy-themed video games, including "Bahamut and the Waqwaq Tree," a 2D adventure game inspired by Arabian and Middle Eastern mythology.
GamingMedia & EntertainmentRiyadh, SA
Meaad Aflah(Co-founder & CEO)inMuslih Alzahrani(Co-founder & Creative Director)in
Co-investorsImpact46
Studio builds simulated "societies" that model consumer cohorts of a market and runs a company's proposed decisions—such as price changes, product placements, or promotions—through them to forecast outcomes before launch.
AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSan Francisco, US
Cameron Malloy(CTO)inNikita Mullangi(CEO)inMax Deutsch(Founder)Valentin Perez(Founder)
Co-investorsPioneerVela PartnersY Combinator75 & SunnyAcephale VenturesFloodgate+4 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AribArsannAstravalle StudioBynowClassy GamesConvertedinDafluffs GamesDenarii CashDooDreaming Door StudiosEshiFahy StudiosFitnotHyena HonHys GamesLawazemLiva InteractiveNabtNo DietPhysRojeh GamesSheba JoyShiftSuperbulletSyaaraatSymmetric StudiosTwenty Ninety CreativeYalla Plus
Portfolio news
latest coverage across their companies
Magnitt · enterpriseam.com · Aug 30, 2026
Loyyal · finance.yahoo.com · May 1, 2026
Frequently asked questions
- How many investments has Merak Capital made?
- Merak Capital has 45 tracked investments, 1 of which have exited, including 6 dated in the last 24 months.
- What stage does Merak Capital invest at?
- Merak Capital invests at the Seed, Series A, Series B, Growth, Late Stage stages.
- What sectors does Merak Capital focus on?
- Merak Capital focuses on Consumer, Data & Infrastructure, Enterprise Software, Gaming, Sector Agnostic.
- Where is Merak Capital located?
- Merak Capital is headquartered in Riyadh, SA.
- Does Merak Capital lead rounds?
- Merak Capital has led 23 of the 24 rounds where its role is on record.
- Who does Merak Capital co-invest with?
- Merak Capital most often shares deals with Arzan VC, Digital Currency Group, Left Lane Capital, among 15 tracked co-investors.
From the blog
visit blog ↗Recent posts cover Merak Capital's activities supporting Saudi Arabia's ecosystem, including sponsoring a youth game-creation camp, marking portfolio company Jisr's new Riyadh headquarters, and participating in a panel on creative-economy investment opportunities. AI summary
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