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Saudi Arabia-Based Digital Media Startup Telfaz11 Raises US$9 Million Series A

Posted on Jun 18, 2018 in Portfolio Companies

Source: Entrepreneur Middle East / Telfaz11, a Saudi Arabia-based digital media company with over 20 million subscribers on their network, and reporting more than 2 billion views on YouTube, has raised US$9 million in a Series A round of funding. The investment came from KSA-based Saudi Technology Ventures (STV), a $500 million VC fund anchored by Saudi Telecom, as lead investors, with the participation of UAE-based early-stage funding platform VentureSouq. The startup plans to utilize the funding proceeds for capacity building, for its plans...

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Effecting Change: A Practical Guide For Nurturing Gritty Women In MENA

Posted on Jun 10, 2018 in VentureSouq

Source: Entrepreneur Middle East / During her welcome address at the 2018 edition of the Achieving Women Forum presented by du, Dr. Alia Al Serkal, Senior Director, Human Capital Development, Emirates Integrated Telecommunications Company (du), highlighted what an amazing time it is to be a woman today- especially in the UAE. At the moment, women constitute 70% of university graduates in the country, and they occupy 66% of jobs in the public sector, she noted. However, the truly exciting part of this statistic is the fact that 30% of these...

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Power Players: VentureSouq

Posted on May 5, 2018 in VentureSouq

Source: SME Advisor Cover Story / They invest. They run companies. And they rule the region’s VC space. Who are they? What do they have in store for the future of finance? A stellar interview that you shouldn’t miss. Tell us about VentureSouq. What is its mission and how did the idea come about? Sonia Weymuller: VentureSouq (VSQ) is an early stage equity funding platform. The premise behind the platform is to democratise access to quality deal flow. People associate the Middle East with deep pockets – family offices, sovereign wealth funds...

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New platform to help navigate UAE’s free zones

Posted on May 1, 2018 in VentureSouq

Source: Arabian Business / An online UAE Free Zone Navigator has been launched to help entrepreneurs, investors, and companies determine the most appropriate free-trade zone when looking to establish their presence in the country. The platform, which was launched by US legal firm Latham & Watkins and VentureSouq, compares 11 popular free zones across 19 industries including e-commerce, fintech, gaming and augmented reality. It offers two online comparative tools including the Industry Matrix, which identifies which free zones permit...

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VentureSouq And Latham & Watkins Launch Platform To Help UAE Entrepreneurs Evaluate Free Zones

Posted on May 1, 2018 in VentureSouq

Source: Entrepreneur Middle East / While entrepreneurs working to set up shop in the UAE are sure spoilt for choice when it comes to the number of free zones across the country, comparing the myriad options and identifying the most appropriate environment to set up their business remains a difficult task. Recognizing that this process could do with a bit of expert guidance, GCC-based investment platform VentureSouq in partnership with law firm Latham & Watkins, has launched the UAE Free Zone Navigator, a platform to help entrepreneurs,...

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Latham & Watkins and VentureSouq Launch the UAE Free Zone Navigator

Posted on May 1, 2018 in VentureSouq

Latham & Watkins and VentureSouq Launch the UAE Free Zone Navigator Interactive comparative online tool designed to help entrepreneurs and investors navigate the UAE’s most popular economic free trade zones Latham & Watkins, in partnership with VentureSouq, is pleased to announce the launch of the UAE Free Zone Navigator, an innovative online resource to help entrepreneurs, investors, and fast growth companies determine the most appropriate free trade zone when looking to establish a presence in the United Arab Emirates. The UAE Free...

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UAE start-up ecosystem goes from strength to strength

Posted on Apr 30, 2018 in VentureSouq

Source: The National / Angel Rising, the investor symposium organised by startAD and VentureSouq at NYU Abu Dhabi, reflects the optimism of a steadily expanding sector. “Its in the DNA of the locals to be entrepreneurial and commercial,” said John Tate, chief executive of Tamkeen, when he addressed the packed audience at the fourth Angel Rising at NYU Abu Dhabi recently. He recalled how some years back he planned startAD with Ramesh Jagannathan, managing director of startAD and vice provost for innovation and entrepreneurship at NYU Abu...

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STV leads $9million investment in Telfaz11 in series A funding; VentureSouq contributed to the round

Posted on Apr 29, 2018 in Portfolio Companies

Source: Zawya / Leading digital media company with 20 million YouTube subscribers on its network will utilize funds to build capacity. Riyadh, Saudi Arabia: Telfaz11, the most influential digital media company based out of the Kingdom of Saudi Arabia, has received a USD 9 million investment from lead investor Saudi Technology Ventures (STV). VentureSouq has also joined the Series A round of funding. Widely recognized in the Arab digital entertainment space for combining narratives drawn from the local culture with elements of humor, Telfaz11...

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Saudi YouTube start-up Telfaz11 raises $9m

Posted on Apr 29, 2018 in Portfolio Companies

Source: Gulf Business / Saudi digital media start-up Telfaz11 has raised $9m in a series A funding round led by Saudi Technology Ventures. Other participants in the round included VentureSouq. Telfaz11 has built its reputation by creating a series of successful YouTube shows including Temsa7LY, Khambalah, Alkhallat, and Telfaz11 Top 5. It now has 20 million followers and and 2 billion views on YouTube, according to the announcement. The company said it would use the funds to grow its creative and advertising offerings and expand into...

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Saudi Arabian Digital Media Firm Telfaz11 Raises $9 Million From Investors

Posted on Apr 29, 2018 in Portfolio Companies

Source: Forbes Middle East / Movie theaters may have recently returned to Saudi Arabia, but some investors are banking that the country won’t lose its voracious appetite for online videos, which thrived during the decades-long ban on cinemas.  This week Saudi Technology Ventures and VentureSouq injected $9 million into Riyadh-based Telfaz11, a digital media company founded in 2011 that helps produce and distribute Arabic video content. It’s what’s known as a Multi-Channel Network, or MCN, which is an organization that offers a variety of...

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