Galactech
Gaming studio based in UAE, Germany, and Tunisia.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $15.0m Valuation: $15.0m | Acquisition | |
| Total Funding | 000k | ||
Galactech is a content creation and distribution company focused on the entertainment sector, with offerings that include gaming, as well as AR and VR experiences. The company originated in Tunisia, founded in 2016 by Houssem Meiza, an IT engineer who was 21 at the time. His initial goal was to develop and distribute games to foster a gaming culture in Tunisia. The company's journey began with the development of a game called "Hogriders racing," which initially was not a commercial success. This early challenge, however, prompted a strategic pivot.
The company shifted its business model to become an aggregator of entertainment services. Galactech partners with other startups and content creators to offer a wide array of entertainment, including video games, Video-on-Demand (VOD), and Media-on-Demand (MOD). These services are distributed through various telecom operators across the Middle East and Africa. This strategy proved effective, leading to significant growth and a catalog that expanded to over 3,000 games within four years. Galactech provides a range of services, from website design and business card creation to more complex offerings like 3D simulations and video games. The company also develops 2D and 3D mobile applications, virtual tours, and custom software.
A significant milestone in Galactech's history was its acquisition by GBarena, an Egyptian esports platform, in a share swap deal valued at approximately $15 million in January 2023. This acquisition was a strategic move for GBarena to expand its footprint into the North African market and strengthen its position in the broader MENA region. Following the acquisition, Galactech's founder and CEO, Houssem Meiza, joined GBarena as co-CEO. At the time of the acquisition, Galactech had over 200,000 active users and had already established a presence in Riyadh, Dubai, and Tunis. The company had also secured partnerships with major players like Tencent Games and was part of the Orange Fab Tunisie accelerator program. Keywords: gaming, entertainment content, AR, VR, content distribution, VOD, MOD, telecom operators, Middle East, Africa, game development, 3D simulations, mobile applications, virtual tours, software development, esports, MENA, content aggregation, digital entertainment, mobile gaming