The Stories Studio secures follow-on funding

MAGNiTT News 1 year ago - Mon, Jun 10, 2019, 8:06 AM

The Stories Studio secures follow-on funding
Author: MAGNiTT

The Stories Studio is one of the graduates of Flat6Labs Bahrain’s First Cycle, and they are already showing their worth. The founders of the company Saba Saleem Warsi and Sajad Hameed have confirmed that they have secured an angel investment worth $70,000 from Mr. Faris Algosaibi.

The Stories Studio is a game development company, which focuses on creating ethical games that can raise awareness through impressive story-telling. The company donates 2.5% of its profits to respective causes the game is based on.

The angel investor, Mr. Faris Algosaibi said: “I came on board with the Stories Studio because I think there is good chemistry. A company with a good mix of people, high aims, and importantly- a mission to communicate important issues through gaming.”

Saba Saleem Warsi, CEO & Founder of The Stories Studio said: “Having Faris on board is a dream come true for us, at the absolute right time. His knowledge and love of the gaming world fits in perfectly with the studio’s plans and what we need at the moment. We feel it is so important to have an investor who holds the same values as the business they are investing in. We are ecstatic that he has decided to back the studio.”

According to Startup MGZN, the company was chosen to be a part of the Flat6Labs Bahrain’s First Cycle in July last year, where they secured $32,000 in seed funding. They also completed the 4-month long acceleration program quite successfully.

The Managing Director of Flat6Labs Bahrain, Ryaan Sharif said: “We are very pleased to see the hard work of our accelerated startups such as The Stories Studio pay off. We would like to thank Mr. Algosaibi for sharing in the vision of The Stories Studio and being part of its future journey that undoubtedly has a lot of potential.”

Currently The Stories Studio is trying to secure publishing deals with globally renowned mobile game publishers. It is expected that the funding from Mr. Algosaibi is going to help them with their operational costs, and reach their targets.


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