Twofour54 is investing in Falafel Games, a designer and producer of Arabic massive multiplier online (MMO) games, Arabian Business reported. The current investment was concluded alongside MBC Ventures and Middle East Venture Partners (MEVP) bringing the total cash invested in the company to around $2m, a statement said. This is the latest move by twofour54 to invest in early stage growth companies in the media and entertainment sector bringing its venture portfolio to 13 companies, it added. Commenting on the investment, twofour54′s CEO Noura Al Kaabi said: “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 fulfil their creative potential, which is vital to building and sustaining our media and entertainment industries.”
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