VUZ received $20 million to increase extended reality and metaverse experiences
Social app for Extended Reality (XR) gets a major cash injection
VUZ, a social app that enables users to take part in and stream immersive realism in extended reality, or XR, and metaverse digital experiences, received a $20 million Series B investment.
Panthera Capital, Caruso Ventures, Vision VC Fund, Dubai Future District Fund, WIN (Webit Investment Network), SRMG, Elbert Capital, Yasta Partners, Faith Capital, e& Capital are some of the investors in the round (investment pillar of e&, formerly known as Etisalat Group).
The investment round included a number of investors from the US and EMEA, and will be essential to its international expansion.
Khaled Zaatarah, the company’s founder and CEO, founded VUZ (formerly 360VUZ) as a platform to bridge the gap between the real world and the virtual one by offering top notch immersive entertainment to a global audience.
Zaatarah asserts that VUZ’s goal is to unite people by providing real immersive experiences while removing the constraints of geography, time and access. The platform offers access to more than 20,000 hours of content across entertainment, sports, and almost anywhere XR, VR and AR accessible.
