Saudi game studio Lambda Studios raises $1.3M led by Merak Capital to go beyond Roblox

Lambda Studios, a Saudi game development and publishing startup, has raised $1.3 million in a funding round led by Merak Capital.

The money supports the studio’s push to take its games beyond Roblox and onto other platforms, including Steam.

Lambda was founded in 2024 by Sari and Firas AlSaedi. The venture began nearly a decade ago as a passion project, with the founders working from their living room in Makkah.

The company built its business on Roblox, where it developed and published games for a large player base. It is now moving to more platforms, including Steam, to bring its own intellectual property to new audiences.

Merak Capital said its decision was driven by the studio’s ownership of its intellectual property and its disciplined approach to growth. The firm believes these qualities help gaming studios carry their success from one platform to another.

The deal adds to Merak Capital’s investments in Saudi gaming. In July 2026, it invested $1 million in mobile gaming studio Floaty through its Merak Gaming Fund. In August, it co-led a $1.45 million round in Majestic Mind Games alongside Impact46.