Jetapult acquires $4.5M stake in Saudi-based UMX Studio, its first investment in the MENA region.

Jetapult, a gaming investment firm backed by Accel Partners and others, has acquired a $4.5 million stake in Saudi-based UMX Studio, marking its first investment in the MENA region. This deal aims to expand UMX's portfolio and audience while supporting game development in new genres. Jetapult plans to invest $100 million over five years in various emerging markets, targeting Southeast Asia, MENA, Eastern Europe, and Latin America.

October 14, 2024
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