Kafalat iSME Programme has contributed $600,000 of equity into Falafel Games, a developer of game applications.
The investment is part of a $2.6 million equity funding recently raised by Falafel Games to finance the creation of new games and its planned market expansion. Middle East Venture Partners (MEVP) has provided two million dollars.
iSME, which plans to exit this investment within five years, co-invests alongside institutional investors in innovative companies, said Bassel A...
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