/Investor DB

Merak Capital

Institutional investor

Riyadh · 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.

Stage
Seed–Late Stage
HQ
Riyadh, SA
Instruments
Equity
Founded
2020
Last 12 months
2 investments
AUM
$3B
Tracked investments
45
Unicorns
1
Acquisitions
1

Team · 22 people

from the firm's website & public directories
Abdulaziz Alsaeed· Principal, Private Equity

What they invest in

from 13 of 45 portfolio companies

SaaS ×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 path

By year:2026 · 12025 · 52024 · 12023 · 12020 · 19 dated

Jisrjisr.netin𝕏Jan 2025 · $30M✓ verified

Jisr builds HR, talent, and expense management software for HR and finance teams, covering payroll, attendance, employee records, performance reviews, and compliance with local labor and social insurance regulations.

FintechHR TechSaaSRiyadh, SA

Ashpoweredbyash.cominApr 2024

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

Bitoasisbitoasis.netAcquired

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

Copa Fantasycopafantasy.com

Saudi-based, Arabic-first fantasy football and predictor games platform covering the Saudi, English, Spanish and Champions Leagues.

Co-investorsExel by Merak

Dsshielddsshield.comin𝕏Dec 2025

DSShield is a Saudi cybersecurity and digital transformation company offering services across cybersecurity, OT/xIoT, data infrastructure and cloud, managed services, and GRC.

Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareRiyadh, SA

Evolite Studioevolite-studio.comin𝕏Sep 2025

Evolite Studio is a game development studio that builds original games with an Arabic cultural flavor.

Gaming

Co-investorsExel by Merak

Hakeemhakeem.tech𝕏May 2026

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

Hyperpayhyperpay.com𝕏

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)

Loyyalloyyal.comin𝕏

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

Magnittmagnitt.comin

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 Worksmaster-works.sain𝕏

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)

Masterworksmasterworks.ioin𝕏

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

Qoyodqoyod.comDec 2020

Saudi cloud accounting, POS and ZATCA-certified e-invoicing platform for SMEs, founded in Riyadh in 2016.

Co-investorsArzan VCCedar Mundi Ventures

Raed Healthraedhealth.cominMay 2023 · $1M

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

Spoilzspoilzgames.comin𝕏Aug 2025

Spoilz Games is a Saudi gaming studio that develops games and works on AI tools for 3D content production.

AI & Machine LearningGaming

Co-investorsImpact46

Starvaniastarvania.comin𝕏Aug 2025

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

Studiotrystudio.aiin𝕏

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

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

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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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