twofour54 invests in Arabic online game developer Falafel Games
Falafel Games, the designer and producer of Arabic Massively Multiplayer Online Role-Playing Game (MMORPG), just received investment from twofour54, the commercial arm of the Media Zone Authority, Abu Dhabi. The deal was concluded alongside MBC Ventures and Middle East Venture Partners (MEVP), bringing the total cash invested in the company to around $2 million USD.
This investment brings twofour54’s venture portfolio to 13 companies, and comes as its latest move to invest in early growth stage companies in the media and entertainment sectors. “Our investment in Falafel Games provides further evidence of our commitment to create a thriving entrepreneurship ecosystem at twofour54. We want to support local talent and help startups fulfill their creative potential, which is vital to building and sustaining our media and entertainment industries,” says Noura Al Kaabi, Chief Executive Officer of twofour54.