Tech Company Financing Transactions
VUZ Funding Round
Caruso Ventures, Dubai Future District Fund and e& capital participated in a $20 million Series B funding round for VUZ. The round was announced on 10/13/2022.
Transaction Overview
Company Name
Announced On
10/13/2022
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series B
Investors
Proceeds Purpose
The funds will be used to fuel these plans, including improving its 10% month-on-month recurring revenue growth, investing in content, hiring additional senior hires, new social features, launching web3 products and NFT projects and scaling with asset-light operations into eight new international markets.
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
Avenue of the Stars, Century Plaza,
Los Angeles, CA 90067
USA
Los Angeles, CA 90067
USA
Phone
Undisclosed
Website
Email Address
Overview
VUZ is the #1 Immersive Social Mobile App, Featured as #1 App on Apple Apps They Love, and won the "Top Media Company" Award for year. Backed by top-tier Venture Capital funds internationally and from Silicon Valley. VUZ vision is to help millions of people teleport in time to top experiences around the world by giving people the power to choose what they want to see, how to see it and when to see it. Removing constraints of TTA (Travel, Time and Access)
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Khaled Zaatarah
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Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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