VUZ raises $20 million to scale its immersive social platform

VUZ, a Dubai-based social app that allows users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences, has just announced the close of a $20 million Series B round.

• The round has a mix of U.S and EMEA-based investors who the startup says will be integral to the company's international growth in the coming months. The investment will also see VUZ scale its Los Angeles office and scale with creators and content in the U.S., Asia, and Europe.
• VUZ, formerly known as 360VUZ was founded by Khaled Zaatarah as a platform that connects the gap between physical and virtual worlds by offering premium immersive content to a global audience.
• The platform offers over 20,000 hours of content covering entertainment, creators, and sports, and XR, VR, and AR experiences virtually anywhere in the world.
• The web3 platform claims to have reached over 1 billion screen views from over 10 million users since its launch. 44% of these views come from the Middle East, 32% from the U.S. and 24% from Egypt. VUZ said it aims to reach 3 billion views in 2023 and double its user base 2x yearly.