UAE's VUZ Raises $12m Pre-Series C Led by IFC to Expand Immersive Media
The immersive-video platform raised $12m from the IFC, AlJazira Capital and Saudi family offices, taking total capital past $35m to fund expansion across Saudi, the UAE, Africa, Asia and the US.
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VUZ, the UAE-based immersive-video platform, secured $12 million in a pre-Series C round led by the International Finance Corporation (IFC), with AlJazira Capital, Crosswork VC and Saudi family offices. The round takes VUZ's total capital past $35 million.
Founded in 2017 by Khaled Zaatarah, VUZ offers immersive live content across XR, VR, AR and AI-powered streaming. It reached EBITDA profitability in 2024 and will use the funds to expand across Saudi Arabia, the UAE, Africa, Asia and the US.