{
  "id": 19909,
  "title": "FLOATY Studio secures $1 million from Merak Capital",
  "url": "https://urgent.news/2026/08/01/floaty-studio-secures-1-million-from-merak-capital",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-01T23:37:04.000Z",
  "source": {
    "name": "Wamda",
    "slug": "wamda",
    "url": "http://wamda.com/2026/07/floaty-studio-secures-1-million-merak-capital"
  },
  "original_language": "en",
  "account": null,
  "summary": "Saudi-based FLOATY Studio has secured $1 million in funding from Merak Capital via the Merak Gaming Fund to bolster its game development efforts and expand its global reach. Founded in 2023 by Fahad Qaysi, Zeyad Almalki, and Abdullah Salah, the studio develops casual mobile games for international audiences and is currently working on two titles: Pirasea, a pirate-themed strategy game, and Hero Squad, a sci-fi action game. The investment aims to accelerate game development, enhance production capabilities, and support the company's strategy to establish Saudi-developed intellectual property in global markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Africa Business",
        "title": "Egypt leads Africa's start-up funding revival as Nigeria regains momentum",
        "url": "https://urgent.news/2026/07/27/egypt-leads-africas-start-up-funding-revival-as-nigeria-regains",
        "published": "2026-07-27T11:34:55.000Z"
      },
      {
        "outlet": "Banking Dive",
        "title": "Capital One gives update on Discover community investment plan",
        "url": "https://urgent.news/2026/07/30/capital-one-gives-update-on-discover-community-investment-plan",
        "published": "2026-07-30T14:55:00.000Z"
      },
      {
        "outlet": "Wamda",
        "title": "Anara Impact Capital leads $1.45 million investment in Egypt's Reme-D",
        "url": "https://urgent.news/2026/08/01/anara-impact-capital-leads-1-45-million-investment-in-egypts-reme-d",
        "published": "2026-08-01T23:38:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}