Venture
Capital

Merak Capital operates a multi‑fund venture platform backing companies that define the next wave of economic and technological growth in Saudi Arabia and the wider region.

Our role extends beyond capital. We act as a strategic partner, providing operational guidance and access to a wide network to help our portfolio companies scale with conviction.

What We Do

Merak Capital invests in founders building the next generation of regional companies.

We combine disciplined capital with operational
expertise and sector‑dedicated funds, helping
early traction become resilient growth.

Investment Scope

Software and data platforms that enable essential services in the real economy: enterprise applications, fintech infrastructure, healthcare technology, industrial and field services software, supply chain and logistics technology, cybersecurity, and developer tools. Preference for recurring or repeat revenue, strong retention, and scalable distribution.

Strategic Rationale

Saudi Arabia’s digital transformation and regulatory programs create non discretionary demand and clear adoption paths. Products that reduce cost, improve compliance, and increase speed become embedded in customer workflows. Focus on retention, unit economics, and payback converts traction into sustainable growth through innovation.

Geographic Focus

Kingdom of Saudi Arabia as the primary market, supported by local sourcing and relationships. Selective MENA exposure only where it strengthens a Saudi platform or accelerates commercialization. Participation outside the region only where there is a direct link to Saudi demand or technology transfer.

Investment Scope

We invest across technology, gaming, and digital infrastructure. In technology, our focus spans enterprise applications, fintech infrastructure, healthcare technology, cybersecurity, supply chain, and developer tools. In gaming, we back studios, publishers, and the underlying platforms supporting Saudi Arabia's emergence as a leading market for the industry. We prefer models with recurring or repeat revenue, strong retention, and scalable distribution.

Strategic Rationale

Saudi Arabia's digital transformation and regulatory programs create durable demand and clear paths to adoption. Products that reduce cost, improve compliance, and increase speed become embedded in customer workflows. A focus on retention, unit economics, and payback converts early traction into sustainable growth.

Geographic Focus

The Kingdom of Saudi Arabia is our primary market, supported by local sourcing and relationships. We pursue selective exposure across the wider region only where it strengthens a Saudi platform or accelerates commercialization, and we participate beyond the region only where there is a direct link to Saudi demand or technology transfer.

30+

Portfolio Companies and growing

Flexible
Deployment

capital matched to stage
and risk profile

25%+

OPEN TO EMERGING
VERTICALS

75M

with public institutions and
LEADING techNOLOGY firms

We believe the next decade of economic growth in Saudi and the broader region will be driven by technological innovation.

Our Active Funds

technology sector

Merak Technology Venture Fund I
(MTVF I)

MTVF I's mandate is to finance the region's most promising early-stage ventures poised for category leadership.

Our investment thesis targets technology‑native and tech‑enabled models where scalable architecture and defensible IP are central to the growth trajectory. 



Alongside strategic capital, our founders gain access to expertise in go‑to‑market execution, optimizing unit economics, and building durable competitive advantages.

gaming fund

Merak Gaming
Fund (MGF)

MGF is dedicated to building the future of gaming, with a strategic focus on establishing Saudi Arabia as a global hub for the industry.

We provide early‑stage capital to high‑potential ventures across the gaming ecosystem, from innovative development studios and publishers to the foundational technology platforms that power them. 



MGF is augmented by the Exel Gaming Accelerator, our proprietary program designed to de-risk and cultivate pre‑seed ventures through structured mentorship and initial capital injection.

Our Key Pillars

Thesis-Driven Sourcing

Our process begins with a top‑down view of the markets we cover. By identifying the technological and economic shifts shaping each sector, we engage early with the founders positioned to lead them.

Decisive Diligence

We conduct rigorous due diligence across technology, market, and team, combining quantitative analysis with qualitative judgment to build conviction and act as a reliable partner at the table.

A Strategic Growth Ecosystem

We maintain active relationships with government entities and global technology leaders, translating them into market insight, commercial introductions, and an advantage in navigating the regulatory landscape for our founders.

"Venture capital at Merak is how we back the next generation of regional champions. We look for founders who are agents for change, using technology to solve real problems in Saudi Arabia and the wider region, and we support them with disciplined capital, product and data expertise, and a long‑term partnership."

Abdullah Altamami

Founder and CEO