ShooFeeTV, a Jordan-based content provider and aggregator of Arab satellite channel listings, has received an investment of undisclosed amount from Intel Capital, Intel Corporation’s global investment organization.
ShooFeeTV centralizes information for more than 270 channels. The information includes programming data, celebrity news, pictures and video clips with 800,000 unique entries, movies, trailers and photographs.
The company will use the funds to enhance working capital and expand its business model.
The funding comes from the US$50m Intel Capital Middle East and Turkey Fund, which invests in companies developing innovative hardware, software, local content, and services throughout the area.
FinSMEs
29/10/2010