Positive news during these difficult times from our portfolio company 360VUZ.
360VUZ, The immersive virtual mobile app secured a $5.8M in a Series A investment round from leading VCs such as Shorooq Partners (lead investor), KBW Ventures, Media Visions, Vision Ventures, Hala Ventures, 500Startups with the participation of top global investment firms as well as Magnus Olsson and Samih Toukan the two founders that had their companies acquired by Uber, Yahoo and Amazon, Jonathan Labin the previous managing director of Facebook and other sophisticated investors.
The investment will support further development of the immersive video app technology, scale the business, expand its global reach and offer more personalized experiences along with additional proprietary technologies.
This investment brings the startup’s total amount raised to $7 million to date and establishes 360VUZ as one of the most well capitalized startups in the media and entertainment space. Previous investors include Al Touq Group, DTEC Ventures, Plug and Play Ventures, Al Rashid family angel investors, Tareq Jalabi and Mohanad Alwadiya.