Saudi gaming studio Lambda Studios has raised $1.3 million in a funding round led by Merak Capital as it expands beyond Roblox to platforms including Steam.
Founded by Sari and Firas AlSaedi, Lambda Studios began as a passion project in Makkah nearly a decade ago, with the founders developing games from their living room. The company was formally founded in 2024.
The studio built its initial business on Roblox, creating and publishing games for the platform’s large player base. It now plans to bring its intellectual property to additional platforms and reach new audiences.
Merak Capital said Lambda’s ownership of its intellectual property and disciplined approach to growth were key factors behind the investment. The deal adds to the firm’s activity in Saudi Arabia’s gaming ecosystem, following investments in Floaty and Majestic Mind Games.
Lambda’s move to Steam will provide an early test of whether its existing player base and intellectual property can translate into a sustainable multi-platform business. It also reflects growing investor interest in Saudi studios developing original games with international reach.
Source: Waya
