Saudi Arabian venture capital firm Impact46 has acquired the Dammam-based gaming studio Kammelna in a deal valued at over 200 million SAR ($53 million). This is the largest investment transaction in Impact46’s history.
By the Numbers
Kammelna has established itself as a leader in the Saudi gaming market with impressive metrics:
- $53M+ (200M+ SAR): The value of the acquisition deal.
- 6 Million+ Downloads: The number of times the platform’s games have been downloaded.
- 1 Million+ MAUs: The number of monthly active users.
- 150,000 Participants: The number of players its digital tournaments have attracted.
- 40 Employees: The size of the Kammelna team, making it the largest independent employer in the Kingdom’s gaming sector.
A Landmark Deal for a Saudi Gaming Pioneer
Founded in Dammam, Kammelna has successfully solidified its position as the leading digital platform for the popular card game Baloot. The company has a team of 40 employees across engineering, product, and art, and its large-scale digital tournaments have highlighted its significant cultural presence in the Kingdom.
Impact46’s Strategic Move in the Gaming Sector
For Impact46, this acquisition is a major move executed through its dedicated gaming fund. The firm manages assets exceeding 2.3 billion SAR and has a strong track record of backing some of the Kingdom’s most successful startups, including Jahez, Resal, Al-Matar, Sayarah, and ZenHR.
Looking Ahead
This acquisition marks a significant moment for the Saudi gaming ecosystem. It showcases the maturation of the local market, with a leading domestic venture capital firm acquiring a homegrown gaming success story. The deal strongly aligns with the national strategy to develop a thriving local gaming industry and positions both companies to capitalize on the sector’s rapid growth.
Source: Jawlah
