Telfaz11, a Saudi digital media company with 20 million YouTube subscribers on its network and an influential digital media company, said it has received a USD 9 million funding from lead investor Saudi Technology Ventures (STV). VentureSouq has also joined the Series A round of funding. The investment will be used by the company to build capacity, accelerate revenues and scale operations as Saudi Arabia ushers in a new era of entertainment.
Telfaz11 is widely recognised in the Arab digital entertainment sector for combining narratives drawn from local culture with elements of humour. It is the creator of a number of successful YouTube shows, including Temsa7LY, Khambalah, Alkhallat, and Telfaz11 Top 5. The platform has gained widespread popularity in the region through its engaging content that has influenced social trends and given a voice to the Saudi community, said a top official.