UMX Studio Secures $4.5m

UMX Studio Secures $4.5m

Investments

16 October 2024 01:46

Mobile games developer and publisher UMX Studio has announced a significant $4.5 million investment from investment firm Jetapult. This all-cash deal marks Jetapult's first venture in the MENA region, as the firm aims to broaden its investments across Southeast Asia and Europe.

The funding comes at a time of rapid growth in the MENA video games and esports sector, which is projected to generate $7.2 billion in revenue in 2023, according to estimates from Newzoo. With this new investment, UMX Studio plans to expand its portfolio and reach a wider audience while developing new gaming experiences.

More:Team BDS Reveals New Event

“This significant investment from Jetapult not only marks a milestone for UMX Studio but also heralds a new era for the Saudi Arabian gaming industry,” said Ali Alharbi, CEO and founder of UMX. “This collaboration will not only accelerate our expansion but also empower us with advanced tools and expertise. In partnership with Jetapult, we are committed to setting new benchmarks and establishing a solid foundation for nurturing and expanding Saudi Arabia’s gaming talent.”

Tags: UMX Studio

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Blue Ocean Games Reveals New Fund

Blue Ocean Games, has officially launched with a $30 million investment fund aimed at supporting indie game developers at the...

Investments

Apr 23, 2025

Motorsport Games Receives $2.5m Investment

Motorsport Games has announced a strategic investment worth $2.5 million (~£1.8 million), led by Delaware-based virtual reality (VR) technology...

Investments

Apr 16, 2025

Kameha Ventures Reveals New Fund

Kameha Ventures has launched a €25 million ($27 million) fund aimed at supporting early-stage startups in the games technology sector. The...

Investments

Apr 01, 2025

Tencent Invests $1.25B in Ubisoft

Ubisoft has announced a significant step in its transformation, following a $1.25B investment from Chinese tech giant Tencent. This move...

Investments

Mar 28, 2025

G2 Secures Series B Investment Round

G2 Esports has successfully closed a seven-figure Series B funding round, marking a significant milestone as the organization approaches...

Business

Mar 20, 2025

UMX Studio Secures $4.5m

Investments

16 October 2024 01:46

Tags: UMX Studio

Mobile games developer and publisher UMX Studio has announced a significant $4.5 million investment from investment firm Jetapult. This all-cash deal marks Jetapult's first venture in the MENA region, as the firm aims to broaden its investments across Southeast Asia and Europe.

The funding comes at a time of rapid growth in the MENA video games and esports sector, which is projected to generate $7.2 billion in revenue in 2023, according to estimates from Newzoo. With this new investment, UMX Studio plans to expand its portfolio and reach a wider audience while developing new gaming experiences.

More:Team BDS Reveals New Event

“This significant investment from Jetapult not only marks a milestone for UMX Studio but also heralds a new era for the Saudi Arabian gaming industry,” said Ali Alharbi, CEO and founder of UMX. “This collaboration will not only accelerate our expansion but also empower us with advanced tools and expertise. In partnership with Jetapult, we are committed to setting new benchmarks and establishing a solid foundation for nurturing and expanding Saudi Arabia’s gaming talent.”

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Blue Ocean Games Reveals New Fund

Blue Ocean Games, has officially launched with a $30 million investment fund aimed at supporting indie game developers at the...

Investments

Apr 23, 2025

Motorsport Games Receives $2.5m Investment

Motorsport Games has announced a strategic investment worth $2.5 million (~£1.8 million), led by Delaware-based virtual reality (VR) technology...

Investments

Apr 16, 2025

Kameha Ventures Reveals New Fund

Kameha Ventures has launched a €25 million ($27 million) fund aimed at supporting early-stage startups in the games technology sector. The...

Investments

Apr 01, 2025

Tencent Invests $1.25B in Ubisoft

Ubisoft has announced a significant step in its transformation, following a $1.25B investment from Chinese tech giant Tencent. This move...

Investments

Mar 28, 2025

G2 Secures Series B Investment Round

G2 Esports has successfully closed a seven-figure Series B funding round, marking a significant milestone as the organization approaches...

Business

Mar 20, 2025