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.
