Immersive Social App VUZ raised $20 million in series B led by Caruso Ventures and others

October 17, 2022

, By Editorial Team

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Immersive Social App VUZ raised $20 million in series B led by Caruso Ventures, Vision Ventures VC Fund, and strategic investors e& capital, investment pillar of e& (formerly known as Etisalat Group), DFDF (Dubai Future District Fund), SRMG, andWIN (Webit Investment Network) where strategic funds from Europe including WIN, Elbert Capital, and Yasta Partners with additional Investors included Faith Capital, Panthera Capital, and seven of the existing previous investors also participated.

VUZ, formerly 360VUZ, bridges the physical and virtual worlds to provide the world’s most immersive content library, with immersive content covering entertainment, creators, and sports segments, as well as XR, VR, and AR experiences from virtually anywhere in the world. The funds will be used to fuel VUZ’s expansion plans, which include growing its core, accelerating the growth of its recurring subscription revenue, investing and hiring, new social features, launching Web3 products, and scaling into 8 additional new international markets, as a result of its partnership and integration with Telecom Operators around the world.

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Immersive Social App VUZ raised $20 million in series B led by Caruso Ventures and others

October 17, 2022

, By Editorial Team

Immersive Social App VUZ raised $20 million in series B led by Caruso Ventures, Vision Ventures VC Fund, and strategic investors e& capital, investment pillar of e& (formerly known as Etisalat Group), DFDF (Dubai Future District Fund), SRMG, andWIN (Webit Investment Network) where strategic funds from Europe including WIN, Elbert Capital, and Yasta Partners with additional Investors included Faith Capital, Panthera Capital, and seven of the existing previous investors also participated.

VUZ, formerly 360VUZ, bridges the physical and virtual worlds to provide the world’s most immersive content library, with immersive content covering entertainment, creators, and sports segments, as well as XR, VR, and AR experiences from virtually anywhere in the world. The funds will be used to fuel VUZ’s expansion plans, which include growing its core, accelerating the growth of its recurring subscription revenue, investing and hiring, new social features, launching Web3 products, and scaling into 8 additional new international markets, as a result of its partnership and integration with Telecom Operators around the world.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Edtech major Byju’s raised $250 million from its existing investors

Next News

Flipkart launched a metaverse-based virtual shopping experience ‘Flipverse’

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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