Intel Capital Invests in Two Jordanian Companies, Jeeran and ShooFeeTV (Video Interview with Intel’s VP)
Yesterday Gorden Grayish, Vice President EMEA Intel Corp, told ArabCrunch in a video interview (find it at the end of the post) that Intel Capital the venture capital arm of Intel, will announce an investment tomorrow in Amman, but he did not mention much more information. This morning they announced that the investment is in two Jordan-based digital content companies: Jeeran and ShooFeeTV.
Jeeran: a social media community with blogs, social networks, video sharing and website builder, that has around 1 million members and 7 million unique visitors per month.
ShooFeeTV: A new startups that is content provider and aggregator of Arab satellite channel listings which centralize information for more than 120 channels including programming information, celebrity news, pictures and video clips with 200,000 entries increasing daily.
Both of these companies received investment from Jordan’s venture capital firm IV Holdings. And with this investments, the total number of companies Intel Capital has funded in the region since last year is 7.
Below is the video interview we made with Grayish yesterday during World Economic Forum in Dead Sea, Jordan. In the interview Grayish talked about Intel Capital, Intel’s R&D activities in the region, and the status of the tech industry in light of the global economic situation.
Via IV Holdings Blog and ArabCrunch.