July 12, 2024

Telescope receives investment from SVE for expansion in Saudi and UAE

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Telescope secures undisclosed series A round of funding to expand its operations in Saudi Arabia and UAE

Jordan-based Telescope has raised an undisclosed amount in seed investment from Select Venture Equity (SVE) in UAE, where the investment agreement was signed recently in Dubai.

Founded in 2019 by Dr. Motasim Masalmeh in Amman, Telescope is a leader in media and tech, that positively influences society through entertaining, informing & educating media content.

Dr. Motasim Masalmeh

According to Masalmeh, this investment will be used to expand Telescope operations in Saudi Arabia and the UAE, as well as improve the engagement with Telescope influencers & customers through technology.

We aim to be the most prominent content creation incubator, building on the success we had in the last three years and state of the art studios we built. Our technology front will take our content creation and distribution to another level.

Select Venture Equity’s Director, Mr. Amjad Mustafa

Select Venture Equity’s Director, Mr. Amjad Mustafa, said, “A new world in media & content services is shaping up, powered by technology advancements recently appearing in the market space. In the Middle East, we spent a lot of time looking for a media content creation company with a free mind, liberal approach, which is ready for the next challenge.

We were impressed by the amount of talent, engagement and progressive thinking of Telescope team and their founders”.

Mr.  Amjad Mustafa added,” the pace of change in the media industry is too fast, for this reason, we must move rapidly with innovative solutions, which identify changing consumer behaviors and satisfy them with creative content on very intelligent, robust and attractive channels”. 

From his side, Dr. Motasim clarified that telescope has become a market leader in the media tech industry, with 1000+ produced shows and video series, and 2M+ followers in MENA. It has also helped 100+ influencers and content creators to grow their online platforms and content.

Our technology will now make this very scalable. Soon affluent influencers, as well as successful brands & businesses will realize the value we bring to the market.

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