Founded in 2023 and based in Riyadh, Floaty Studio develops hybrid-casual mobile games aimed at global audiences. The studio’s current slate includes Pirasea, a tactical pirate strategy title, and Hero Squad, a sci-fi action game featuring squad-based combat; it previously released PLATE during its incubator days. Floaty graduated from NEOM’s Level Up Accelerator, which provided mentorship in game production, user acquisition, and monetization. With a $1M investment from Merak Capital, Floaty plans to scale development infrastructure and expand its creative team to accelerate production. The funding is positioned as a turning point to transition the studio from a regional startup into a scalable game development house. No revenue, user, or valuation figures were disclosed in the articles.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2026