Led by Merak Capital, the funding will help Lambda Studios expand beyond Roblox to platforms including Steam.
Saudi gaming startup Lambda Studios has raised $1.3 million in a funding round led by Riyadh-based investment firm Merak Capital. The investment will support the company’s expansion beyond Roblox into additional gaming platforms, including Steam, as it looks to reach international audiences.
Founded in 2024 by brothers Sari and Firas AlSaedi, Lambda Studios develops and publishes original video games based on its own intellectual property. The business began nearly a decade earlier as a personal project in Makkah before evolving into a commercial game development studio.
The company initially focused on Roblox, where its games have attracted millions of players, according to Merak Capital. The new funding will help Lambda strengthen its development and publishing operations while bringing its titles to PC audiences through Steam.
Merak Capital cited the studio’s ownership of its original intellectual property and its approach to growth as key factors behind the investment. The company has not disclosed the funding round’s stage, its valuation or whether additional investors participated.
The deal follows Merak Capital’s $1 million investment in Floaty Studio through its Merak Gaming Fund in July 2026 and its participation in a $1.45 million funding round for Majestic Mind Games alongside Impact46 in August.