Merak Capital
Institutional investorRiyadh · Seed–Late Stage · 26 people tracked
Find your way into Merak Capital
1,772 people in our graph share verified history with the Merak Capital team — schools, employers, funds. One of them is your warm intro.
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 · 26 people
from the firm's website & curated & public directoriesWhat they invest in
from 11 of 44 portfolio companiesAI & Machine Learning ×4Data & Infrastructure ×4SaaS ×4Enterprise Software ×3Gaming ×3Fintech ×2Marketing Tech ×2Cloud Computing ×1
HQs:Saudi Arabia×6United Arab Emirates×2United States×2Pakistan×1
Investments · 44 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12 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)in
Co-investors500 GlobalDorm RoomGeneral PartnershipMerus CapitalImpact46Plug and Play Ventures
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
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
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 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)
Saudi cloud accounting, POS and ZATCA-certified e-invoicing platform for SMEs, founded in Riyadh in 2016.
Co-investorsCedar Mundi Ventures
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(Founder)inNikita Mullangi(Founder)in
Co-investorsVela PartnersY CombinatorImpact46
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 HonHyperpayHys GamesLawazemLiva InteractiveMasterworksNabtNo DietPhysRojeh GamesSheba JoyShiftSuperbulletSyaaraatSymmetric StudiosTwenty Ninety CreativeYalla Plus
Portfolio news
latest coverage across their companies
Magnitt · enterpriseam.com · Aug 30, 2026

Copa Fantasy · pocketgamer.biz · Aug 10, 2026
Studio · kevinmonserrat.com · Aug 4, 2026
Ash · finsmes.com · Jul 30, 2026
Hakeem · entarabi.com · May 10, 2026
Evolite Studio · pocketgamer.biz · Sep 8, 2025
Spoilz · pocketgamer.biz · Aug 25, 2025
Frequently asked questions
- How many investments has Merak Capital made?
- Merak Capital has 44 tracked investments, 1 of which have exited, including 2 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 is Merak Capital's typical check size?
- Merak Capital typically writes checks of $293K – $30M.
- 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 22 of the 23 rounds where its role is on record.
- Who does Merak Capital co-invest with?
- Merak Capital most often shares deals with Digital Currency Group, Finberg, Jabbar Internet Group, among 10 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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