Riyadh-based Fahy Studios has secured $1.75 million in investment from Impact46 and Merak Capital to accelerate production of hybrid-casual mobile titles and expand its pipeline of global-facing games.
Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy has quickly emerged from NEOM’s LevelUp accelerator program and inked a publishing partnership with UK-based Kwalee.
The studio is currently developing multiple titles, including RAWR, a monster-collecting RPG; Footy Traps, a PvP football strategy game; and Heist Party, a multiplayer heist action game.
“Today’s mobile gamers want more than fleeting experiences. They seek games that are easy to pick up but offer meaningful progression. Our goal is to create games that are instantly fun yet endlessly rewarding,” said Fahy CEO and co-founder Hani Hashem. He added, “This investment fuels our mission to push the boundaries of mobile gaming, expand our production capabilities, and attract top talent to the Kingdom.”
Impact46 managing partner Basmah Al Sinaidi said Fahy was “one of the unique Saudi studios that possess great potential,” while Merak Capital’s VP of venture capital Abdulelah Alshareef noted, “Mobile gaming is a high-growth sector, and Fahy Studios is uniquely positioned to create experiences that engage players worldwide. Our investment reflects our belief in their vision and our commitment to fostering the growth of Saudi Arabia’s gaming sector.”
The investment adds to Impact46’s expanding $40 million Gaming Fund, launched in March 2024. The fund has already backed Saudi studios such as Spoilz and Spekter Games, as well as Fahy’s peers NJD, Game Cooks, Starvania, and Alpaka – spanning mobile, PC, console, and VR development. With Fahy, Impact46 now counts eight active studios in its gaming portfolio, underscoring its strategy to position Saudi Arabia at the center of the global games industry.
