IFC leads USD 12 mn pre-Series C round in media startup VUZ: The International Finance Corporation (IFC), a member of the World Bank Group, led a USD 12 mn pre-Series C funding round in UAE-based immersive media platform VUZ, according to a pressrelease. The round also saw participation from Al Jazira Capital, CrossWork VC’s Success Fund, and several Saudi family offices.

Looking forward: VUZ, which offers 360° and immersive video content, plans to use the funds to expand its presence in the UAE and Saudi Arabia, and scale operations in Africa, Asia, and the US.

VUZ raking in the views: The platform now has over 15 mn users and 3 bn screen views, with recent traction in markets like Egypt, Kenya, Nigeria, and Indonesia, TechCrunch reports. VUZ says it reached EBITDA profitability in 2024 and is targeting 5 bn lifetime views by 2026.

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