A USD 20 million Series B investment was made in VUZ, a social app that enables users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences.
Investors in the round include Panthera Capital, Caruso Ventures, Vision VC Fund, DFDF (Dubai Future District Fund), WIN (Webit Investment Network), SRMG, Elbert Capital, Yasta Partners, Faith Capital, and e& capital (investment pillar of e&, formerly known as Etisalat Group). Seven current investors also took part.
These plans will be supported by the funds, which will also be used to invest in content, hire more senior hires, increase recurring revenue growth by 10% monthly, and develop new social features.
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