• Saudi Arabia-based video production company Five Colors, has raised SAR5 million ($1.3 million) via crowdfunding platform Scooper. 
• Five Colors looks to bridge the supply-demand gap in the creative industries by facilitating the local production of films.

Saudi Arabia-based video production company Five Colors, has raised SAR5 million ($1.3 million) via crowdfunding platform Scooper.  Prior to this round, the company raised SAR5 million in another financing round via Scopeer, bringing its total funding raised through the crowdfunding platform so far to SAR10 million.

Since its founding by Tareq Melfi, Five Colors has served over 512 clients, fulfilled 2,345 projects, and produced 542 films. The startup also has offices in Abu Dhabi and the US. 

Five Colors looks to bridge the supply-demand gap in the creative industries by facilitating the local production of films. The company is currently in the process of developing an app to operate as a marketplace that connects creators to prospective clients.