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Impact46 said in an announcement on its website that the fund will invest in game development companies and studios both local and international while seeking to attract leading global gaming firms to expand in Saudi Arabia. The announcement was made at the LEAP conference in Riyadh. According to the Vision 2030 website the National Gaming and Esports Strategy targets the creation of 250 electronic gaming companies and more than 39,000 jobs by 2030.
IMARC Group data shows the Saudi gaming market reached USD 2.4 billion in 2025 and is projected to expand to USD 5 billion by 2034 at a compound annual growth rate of 8.5 percent. Impact46 maintains venture capital and credit advisory as its two main business lines according to its corporate profile. The firm focuses on supporting Saudi and regional tech startups with active value creation and governance support.
Impact46 has built a notable track record that includes backing companies that later went public such as the food delivery platform Jahez and the insurtech Rasan. The firm announced in March 2025 that its exit from Rasan delivered a 10 times return on the initial 2021 investment with the company’s equity appreciating more than 91 percent since listing. Its portfolio has also seen successful exits from Tamara and Lendo according to company statements.
The gaming fund counts among Impact46’s recent initiatives to deepen exposure to high-growth verticals aligned with national priorities. The firm has invested more than SAR 25 million across five studios including Fahy, NJD, Game Cooks, Starvania and Alpaka as part of the vehicle a Wamda report from August 2025 stated. This expanded its active gaming portfolio to seven ventures after earlier stakes in Spoilz and Spekter Games.
Tracxn figures indicate Impact46’s investments have included one unicorn along with multiple IPOs and acquisitions across fintech e-commerce and other tech segments. The firm which has operated since 2019 often leads or participates in early and growth stage rounds for Saudi startups. Such activity complements the Public Investment Fund’s commitment of approximately USD 38 billion to gaming and esports under Vision 2030 according to industry assessments.
The i46 Gaming Fund page on Impact46’s site describes target areas that encompass culturally native games built for local audiences as well as innovations in core gameplay monetization and social features. These investments form part of the kingdom’s push to rank among the top three countries for professional esports athletes by 2030 the Vision 2030 strategy reported. Impact46’s deployment under the SAR 150 million fund has continued into 2025 with additional studio deals.
