Exel partners with visionary founders driving progress across emerging industries.
Through tailored support, capital access, and strategic networks, our portfolio companies gain the momentum to grow faster and scale smarter.
Nimble Fox Games is building hybrid-casual mobile games through lean development and early market validation. We focus on low-cost experimentation, player-centered design, and disciplined scaling driven by measurable performance.
We’re a bootstrapped Roblox game development company that shipped 14 games in 2024, generating around $400K in after-Roblox-cut game revenue. With millions of monthly active players and support from Roblox veterans, we focus on delivering engaging, high-retention experiences at scale.
Holodot is an indie, game development studio dedicated to challenging the ordinary by building bold, world-class multiplayer experiences. We focus on high-energy, socially-driven titles designed for global markets, specializing in a unique blend of competitive depth and chaotic cooperation.
Blame The Game is an indie studio focused on multiplayer co-op games, building reusable tech and a scalable content pipeline to launch multiple titles from KSA. Founded by two Spaniards who left safe lead roles to go all-in on gamedev.
PackDev develops viral PSX-style horror games with a major YouTube partner. We're creating a new anthology series starting with SOS Incident. Additionally, our extensive 3D backlog accounts for 5% of the FAB store, ranking us among its biggest sellers.
Evlnu GameWorks is an independent studio crafting premium co-op PC games built around laughter, collaboration, and shared chaos. We design short, high-impact multiplayer experiences that are easy to jump into and perfect for streaming where emergent comedy and communication turn failure into fun.
Crafting Arabic Gaming Experiences
Sandouq Studio is a Saudi-born indie game studio blending innovation, intense gameplay and striking visuals using AI-driven art pipeline to craft unforgettable interactive experiences.
Classy Games Studios is an independent video game development studio specializing in creating engaging games that ignite your imagination and bring out your inner child.
SwordPlay Studios is an amitious gaming studio with the aim of creating real value to the industry through relvant and fun games taking KSA born gaming studios to the global stage.
A Saudi-born studio transforming narrative gaming in MENA by bridging regional identity with world-class, multi-media intellectual properties.
Our studio aiming to create immersive and culturally resonant gaming experiences for both regional and global audiences. Starting in Saudi Arabia we generated 53% of our revenue from their. We later expanded our reach to the United States, which now accounts for 47% of our revenue.
A small multinational team dedicated to raising the bar on the way stories are told in the games industry.
Dynamic Box is a co-op-first game studio building long-term IPs with deep systems. Our team of 14 professionals has been part of 100+ projects and won 2025's "Emerging Game Studio of the Year" award.
Indie game studio building the world’s first strategy-driven car racing esport.
At AstraValle, we’re all about turning the ordinary into the extraordinary by embracing creativity and a touch of eccentricity. We’re passionate about crafting premium games and original IPs with engaging stories, immersive gameplay, and unforgettable worlds that spark imagination and leave a lasting impact.
Stellar Mythical Studio is an independent game studio dedicated to creating meaningful pixel-art experiences through deep storytelling and immersive worlds. We believe games should be felt, not just played, crafted to form emotional connections that stay with players long after the screen fades.
At Hyena Hon, we are dedicated to craft immersive games while keeping the core values of what gamers enjoy. Our goal is to publish games that will be remembered fondly by those who play them and create unforgettable experiences. Our portfolio includes Co-Op and arcade games that focus on creativity and fun that push the boundaries of design in the industry.
Twenty Ninety Creative is a globally scattered collective of innovators, striving to create games that draw inspiration from the wonder of 90s gaming, infusing them with a contemporary twist. Founded by siblings Deniz and Melisa Cetinalp in Canada, Twenty Ninety Creative has set up in Saudi Arabia, where they aim to be the pebble that creates ripples in the kingdom’s gaming scene, ultimately making waves in the global industry.
Award-winning studio led by AAA veterans with 50+ years’ experience and a prior $12M deal with a major publisher. Following our 99% positive debut title, we seek the right partner to help us scale to the next level.
SHEBA JOY is a dynamic mobile game company. With its headquarters in Dubai and creative studio in India, the company blends the diverse talents of both regions to create captivating gaming experiences.
Saer Games is an indie studio focused on creating role-playing games. We build experiences that prioritize player agency, character-driven journeys, and worlds shaped by players' decisions. We are a passionate team with a commitment to craft, iteration, and cohesive direction.
Limeless is a Saudi indie game development studio focused on high-velocity, data-driven games designed for completion in a single session, targeting the TikTok generation through a proven, positively reviewed games.
Phys is an innovative app designed to transform TikTok Scrolling with Active Adventures. Our app locks devices when kids reach their screen time limit, prompting fun AR games that keep them moving for prizes.
At DaFluffs Games, we put gameplay first, delivering the experiences players actually want—not just what they’re promised in ads. We take inspiration from the viral ‘fake game’ ads that flood the market and turn them into real, high-quality games with depth and replayability. Our goal is to bridge the gap between expectation and reality, creating fun, engaging titles that players keep coming back to.
Rojeh Video Games is an independent game development studio founded by Rojeh Maher, committed to delivering high quality casual games across all genres. Our mission is to create accessible, engaging, and memorable gaming experiences for players of all ages. Our vision is to evolve into a globally recognized brand, producing original titles for mobile, PC, and console platforms.
Kiddo Education is a game studio creating meaningful play experiences that help people connect, learn, and remember why play matters. We design mobile games with thoughtful storytelling and solid design to make learning feel natural and enjoyable.
Symmetric Studio is a Saudi-based game development studio specializing in making mobile and VR gaming experiences. Our mission is to create innovative, culturally inspired games that resonate with global audiences.
Inventix Games is a mobile game studio building hybrid-casual puzzle titles that are designed to be fun, scalable, and globally competitive. We have active publishing agreement with Voodoo top publisher of hybrid casual games in the world and We aim to take KSA creativity to the world stage.
Football gaming app covering the Saudi League & major European leagues, starting with Fantasy & Predictor games.
HYS Game is a resilient, agile, and fast-paced game development studio trusted by top global game publishers such as Voodoo, Homa, & Ketchapp. We create artful, innovative games loved and played by Gamers, turning them into cash-generating machines and successful business.
We pioneered high quality mobile video game developpement in Tunisia and successfully launched Grapple Gum; the first internationally featured (App Store) Tunisian game. We also got accelerated by Google.
Taka Studio is a Saudi-based team from Istanbul, founded to become a leader in sports and strategy games, including multiplayer experiences, and aims to build the HexaSports franchise. It is currently working on its debut project, HexaFootball.
Playback Games is a Saudi-based independent games studio creating accessible, social multiplayer experiences for a global audience. We specialise in co-operative and competitive gameplay, backed by a proven team with deep experience building scalable, long-term live multiplayer games.
Evolite Studio is an award-winning game development studio and we develop unique high-quality gaming experiences with an Arabic flavor from Saudi Arabia to the world.
SHEBA JOY is a dynamic mobile game company. With its headquarters in Dubai and creative studio in India, the company blends the diverse talents of both regions to create captivating gaming experiences.
Twenty Ninety Creative is a globally scattered collective of innovators, striving to create games that draw inspiration from the wonder of 90s gaming, infusing them with a contemporary twist. Founded by siblings Deniz and Melisa Cetinalp in Canada, Twenty Ninety Creative has set up in Saudi Arabia, where they aim to be the pebble that creates ripples in the kingdom’s gaming scene, ultimately making waves in the global industry.
A small multinational team dedicated to raising the bar on the way stories are told in the games industry.
Football gaming app covering the Saudi League & major European leagues, starting with Fantasy & Predictor games.
Evolite Studio is an award-winning game development studio and we develop unique high-quality gaming experiences with an Arabic flavor from Saudi Arabia to the world.
At AstraValle, we’re all about turning the ordinary into the extraordinary by embracing creativity and a touch of eccentricity. We’re passionate about crafting premium games and original IPs with engaging stories, immersive gameplay, and unforgettable worlds that spark imagination and leave a lasting impact.
We pioneered high quality mobile video game developpement in Tunisia and successfully launched Grapple Gum; the first internationally featured (App Store) Tunisian game. We also got accelerated by Google.
At DaFluffs Games, we put gameplay first, delivering the experiences players actually want—not just what they’re promised in ads. We take inspiration from the viral ‘fake game’ ads that flood the market and turn them into real, high-quality games with depth and replayability. Our goal is to bridge the gap between expectation and reality, creating fun, engaging titles that players keep coming back to.
Classy Games Studios is an independent video game development studio specializing in creating engaging games that ignite your imagination and bring out your inner child.
Our studio aiming to create immersive and culturally resonant gaming experiences for both regional and global audiences. Starting in Saudi Arabia we generated 53% of our revenue from their. We later expanded our reach to the United States, which now accounts for 47% of our revenue.
HYS Game is a resilient, agile, and fast-paced game development studio trusted by top global game publishers such as Voodoo, Homa, & Ketchapp. We create artful, innovative games loved and played by Gamers, turning them into cash-generating machines and successful business.
We’re a bootstrapped Roblox game development company that shipped 14 games in 2024, generating around $400K in after-Roblox-cut game revenue. With millions of monthly active players and support from Roblox veterans, we focus on delivering engaging, high-retention experiences at scale.
Rojeh Video Games is an independent game development studio founded by Rojeh Maher, committed to delivering high quality casual games across all genres. Our mission is to create accessible, engaging, and memorable gaming experiences for players of all ages. Our vision is to evolve into a globally recognized brand, producing original titles for mobile, PC, and console platforms.
At Hyena Hon, we are dedicated to craft immersive games while keeping the core values of what gamers enjoy. Our goal is to publish games that will be remembered fondly by those who play them and create unforgettable experiences. Our portfolio includes Co-Op and arcade games that focus on creativity and fun that push the boundaries of design in the industry.
Symmetric Studio is a Saudi-based game development studio specializing in making mobile and VR gaming experiences. Our mission is to create innovative, culturally inspired games that resonate with global audiences.
Crafting Arabic Gaming Experiences
Phys is an innovative app designed to transform TikTok Scrolling with Active Adventures. Our app locks devices when kids reach their screen time limit, prompting fun AR games that keep them moving for prizes.
Dynamic Box is a co-op-first game studio building long-term IPs with deep systems. Our team of 14 professionals has been part of 100+ projects and won 2025's "Emerging Game Studio of the Year" award.
Indie game studio building the world’s first strategy-driven car racing esport.
A Saudi-born studio transforming narrative gaming in MENA by bridging regional identity with world-class, multi-media intellectual properties.
Nimble Fox Games is building hybrid-casual mobile games through lean development and early market validation. We focus on low-cost experimentation, player-centered design, and disciplined scaling driven by measurable performance.
Sandouq Studio is a Saudi-born indie game studio blending innovation, intense gameplay and striking visuals using AI-driven art pipeline to craft unforgettable interactive experiences.
Holodot is an indie, game development studio dedicated to challenging the ordinary by building bold, world-class multiplayer experiences. We focus on high-energy, socially-driven titles designed for global markets, specializing in a unique blend of competitive depth and chaotic cooperation.
SwordPlay Studios is an amitious gaming studio with the aim of creating real value to the industry through relvant and fun games taking KSA born gaming studios to the global stage.
Limeless is a Saudi indie game development studio focused on high-velocity, data-driven games designed for completion in a single session, targeting the TikTok generation through a proven, positively reviewed games.
Kiddo Education is a game studio creating meaningful play experiences that help people connect, learn, and remember why play matters. We design mobile games with thoughtful storytelling and solid design to make learning feel natural and enjoyable.
Taka Studio is a Saudi-based team from Istanbul, founded to become a leader in sports and strategy games, including multiplayer experiences, and aims to build the HexaSports franchise. It is currently working on its debut project, HexaFootball.
Stellar Mythical Studio is an independent game studio dedicated to creating meaningful pixel-art experiences through deep storytelling and immersive worlds. We believe games should be felt, not just played, crafted to form emotional connections that stay with players long after the screen fades.
Evlnu GameWorks is an independent studio crafting premium co-op PC games built around laughter, collaboration, and shared chaos. We design short, high-impact multiplayer experiences that are easy to jump into and perfect for streaming where emergent comedy and communication turn failure into fun.
Inventix Games is a mobile game studio building hybrid-casual puzzle titles that are designed to be fun, scalable, and globally competitive. We have active publishing agreement with Voodoo top publisher of hybrid casual games in the world and We aim to take KSA creativity to the world stage.
Saer Games is an indie studio focused on creating role-playing games. We build experiences that prioritize player agency, character-driven journeys, and worlds shaped by players' decisions. We are a passionate team with a commitment to craft, iteration, and cohesive direction.
Playback Games is a Saudi-based independent games studio creating accessible, social multiplayer experiences for a global audience. We specialise in co-operative and competitive gameplay, backed by a proven team with deep experience building scalable, long-term live multiplayer games.
Blame The Game is an indie studio focused on multiplayer co-op games, building reusable tech and a scalable content pipeline to launch multiple titles from KSA. Founded by two Spaniards who left safe lead roles to go all-in on gamedev.
Award-winning studio led by AAA veterans with 50+ years’ experience and a prior $12M deal with a major publisher. Following our 99% positive debut title, we seek the right partner to help us scale to the next level.
PackDev develops viral PSX-style horror games with a major YouTube partner. We're creating a new anthology series starting with SOS Incident. Additionally, our extensive 3D backlog accounts for 5% of the FAB store, ranking us among its biggest sellers.
