Vuz Raises $20M in Series B Funding

Khaled_Zaatarah_CEO_VUZ
Khaled Zaatarah CEO of VUZ (PRNewsfoto/VUZ)

Vuz, a Dubai, UAE-based immersive social app supplier, raised $20M in Collection B investment.

Backers integrated Caruso Ventures, e& capital, Dubai Long term District Fund, Imaginative and prescient Ventures VC Fund, SRMG, WIN, Elbert Capital, Yasta Companions, Religion Capital, and Panthera Capital.

The corporate intends to make use of the budget to boost up the expansion in its habitual subscription income, spend money on content material, rent further key senior hires, new social options, release Web3 merchandise, NFT initiatives to possess and business digital belongings derived from the metaverse and scale with operations into 8 further new world markets.

Based via Khaled Zaatarah, Vuz is a web3 and Metaverse innovation platform which has reached over 1 billion display screen perspectives. The corporate is construction on its present IOS and Android social cell packages with new options together with video immersive are living chatting, social in-app gifting, social trade for creators, creators monetization and gamification plans, XR digital era. It’s also launching its SDK, scaling at the complete ecosystem with META/Oculus and Qualcomm, Immersive Avatars, and is creating its Internet Platform this is anticipated to succeed in 2Bn Display screen Perspectives in line with 12 months, and its Good TV platform.

Vuz, which has places of work in Dubai, Los Angeles, and Riyadh, counts a group of greater than 50 other folks with specialties in quite a lot of varieties of innovation and product construction experience throughout more than one era sectors. 

FinSMEs

16/10/2022

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