About Merak Capital
Merak Capital is a venture capital firm founded in 2018. It is primarily based out of Riyadh, Saudi Arabia. As of Aug 2026, Merak Capital is an active investor, having invested in 28 companies, with 11 new investments in the last 12 months. It primarily invests in Seed round in Saudi Arabia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Seed round of Majestic Mind Games Overall, Merak Capital portfolio has seen 2 acquisitions, namely BitOasis. A lot of funds co-invest with Merak Capital, with names like Impact46 sharing a substantial percentage of its portfolio. Merak Capital has team of 34 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Deals in last 12 months
Merak Capital's List of Top Investments
Merak Capital has a portfolio of 28 companies. Their most notable investments are in Shift and HaKeem.Their portfolio spans across Saudi Arabia, United Arab Emirates, United States and 2 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 16 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Merak Capital:
1. HyperPay
Provider of payment solutions and financial services for businesses. It provides solution such as international payments, checkout, bill payments, payout, and more . The service also includes analytics with payment transactions, multi-currency payment options, and more.
Key facts about HyperPay
- Founded Year: 2014
- Location: Riyadh (Saudi Arabia)
- Stage: Series B
- Total Funding till date: $36.7M
- Employee Count: 144 as on Jun 30, 2026
- Investors: Mastercard, SVC and 7 Others
- Latest Funding Round: Series B, May 26, 2022, $*****
- Highlight: Editors' Pick
2. BitOasis
BitOasis provides an online exchange platform for cryptocurrencies. It features a multi-signature bitcoin wallet that enables consumers to buy, sell, and store Bitcoins. Their core offering is a bitcoin wallet, that can also be used to send and receive bitcoins. Its app is available for both Android and IOS devices.
Key facts about BitOasis
- Founded Year: 2015
- Location: Dubai (United Arab Emirates)
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 116 as on Jun 30, 2026
- Investors: Global Founders Capital, Wamda Capital and 19 Others
- Latest Funding Round: Series C, Aug 25, 2023, $*****
- Highlight: Acquired
3. Loyyal
Loyyal is a rewards management program built using Blockchain technology. RibbitRewards are generated and awarded every time when a user transact, whether he is a buyer, seller or a merchant. It allows users to trade digital currency. It has three components to the business model that includes Loyalty Network for issuing digital loyalty, RibbitRewards to manage digital wallet, storing and exchanging digital loyalty.
Key facts about Loyyal
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $3.8M
- Employee Count: 36 as on Jun 30, 2026
- Investors: Hard Yaka, LINE Corporation and 11 Others
- Latest Funding Round: Series B, Jul 31, 2019, $*****
- Highlight: Editors' Pick
4. MAGNiTT
Magnit is an online pitching platform for startups to connect with a community of early stage VC, Incubators, Angels and Incubators. The platform features rapid review mechanism to allow users to filter ideas and connect with the ones they are interested in pursuing further.
Focus on institutionalized startups from Incubators, Accelerators and Academic programs.
Key facts about MAGNiTT
- Founded Year: 2015
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $1M
- Employee Count: 22 as on Jun 30, 2026
- Investors: 500 Global, Village Capital and 6 Others
- Latest Funding Round: Seed, Mar 26, 2018, $*****
5. Jisr
Cloud-based platform for HRMS suite. It offers tools for employee data management, document management, payroll management, expense management, performance management and more. It also provides analytics tools for enterprise. It is the tool available on the subscription-based pricing model.
Key facts about Jisr
- Founded Year: 2016
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $30M
- Employee Count: 497 as on Jun 30, 2026
- Investors: Merak Capital
- Latest Funding Round: Series A, Oct 04, 2023, $*****
Merak Capital's Year-on-Year Investment Trends
Merak Capital has invested in 28 companies over the last 6 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of Aug 2026, it has made 5 investments in this year. Its most recent first time investment was in Majestic Mind Games and most recent follow-on round was in Arib.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 7 | 1 | 8 |
2024 | 3 | 0 | 3 |
2023 | 2 | 0 | 2 |
2022 | 4 | 0 | 4 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
Merak Capital's Investments by Stage
Merak Capital has made 16 investments in Seed stage with an average round size of $6.45M, 2 investments in Series A stage with an average round size of $16M, 2 investments in Series C stage with an average round size of $47M and 1 investment in Series B stage with an average round size of $26.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 16 |
Series A | 2 |
Series C | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
Merak Capital's Investments by Sector
Merak Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Gaming, Consumer, Mobile and Auto Tech. Notably, it has invested in 24 Tech companies, 17 Enterprise (B2B) companies, 17 Software companies and at least 9 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 11 |
Gaming | 6 |
Consumer | 5 |
Mobile | 4 |
Auto Tech | 2 |
Others | 20 |
Note: We have considered here, only first round of investments
Merak Capital's Investments by Geography
Merak Capital has made most investments in Saudi Arabia (13), followed by United Arab Emirates where it has made 3 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 13 |
United Arab Emirates | 3 |
United States | 3 |
Belgium | 1 |
Note: We have considered here, only first round of investments
Merak Capital's recent investments
Merak Capital has made 5 investments in 2026 so far. Majestic Mind Games and Floaty are the latest among them.Here are the most recent investments by Merak Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 07, 2026 | Saudi Arabia | Seed | 2570 | ||
Jul 17, 2026 | Saudi Arabia | Seed | 9333 | - | |
May 21, 2026 | Saudi Arabia | Series A | 9417 | - | |
May 10, 2026 | United Arab Emirates | Seed | 4137 | ||
Jan 16, 2026 | United Arab Emirates | Seed | 5562 | - |
Acquired companies in Merak Capital's Portfolio
2 companies from Merak Capital's portfolio have been acquired. The most recent acquisition was BitOasis in Jul 2024 by CoinDCX for $*****.Here are Merak Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 03, 2024 | - | - | 2944 | |
Jul 01, 2022 | - | - | 2267 |
Team profile of Merak Capital
Merak Capital has a team of 34 members including 9 Partners and 10 Principals located in Saudi Arabia and United States. Merak Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Merak Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - | - | |
Partner | Riyadh | - | ||
Partner | Irvine | - | - | |
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - | ||
Partner | Saudi Arabia | - |
Co-investors of Merak Capital
Over the past 6 years, 10 investors have co-invested in Merak Capital's portfolio companies. This includes only funds.
- Invested before Merak Capital: 500 Global and Arzan Venture Capital have invested in rounds before Merak Capital. There is 1 company where 500 Global has invested before Merak Capital and 1 company where Arzan Venture Capital has invested before Merak Capital.
- Top Co-investors of Merak Capital: 7 investors entered a company along with Merak Capital. These include investors like Impact46 (3 companies).
- Invested after Merak Capital: Syndicate Holding Group (1 company) is the only investor which has invested in Merak Capital's portfolio after their investments.
Recent News related to Merak Capital
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Saudi Studio Majestic Mind Games Raises $1.45 Million FundingPocket Gamer•Aug 07, 2026•Merak Capital, Majestic Mind Games
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Ash Games Studio Secures $1.5 Million Seed Funding for Saudi-Inspired GamesPocket Gamer•Jul 24, 2026•Impact46, Merak Capital
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Saudi mobile games studio Floaty raises $1 million investmentPocket Gamer•Jul 17, 2026•Merak Capital, Juego Studio
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Saudi Digital Lending Platform Arib Secures $23.5 Million in FundingIncubees•May 21, 2026•Arib, Merak Capital
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Exel Gaming Accelerator Reopens With Up to $300,000 in Funding for Third CohortPocket Gamer•Apr 09, 2026•exelbymerak, Merak Capital
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Merak Capital’s gaming fund leads $600,000 seed investment in Khosouf StudioMobidictum•Jan 16, 2026•Merak Capital, Khosouf Studio
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UAE PropTech Startup Byit Capital Raises $1.1 Million in Strategic Funding RoundTechgist Africa•Dec 17, 2025•Merak Capital, Qwacks
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Nabt Secures $3.4M Seed Extension to Scale Saudi Arabia’s Fresh-Produce Infrastructureigrownews.com•Dec 12, 2025•Nabt, Merak Capital
