IFC Invests in Immersive Content Platform VUZ to Support Jobs and Incomes
United States, May 21 -- In a move to strengthen jobs and incomes for young creatives, the International Finance Corporation (IFC), a member of the World Bank Group, is investing $5 million into VUZ as part of its $12M Pre-Series C. Launched by a Jordanian founder, VUZ is an immersive content platform that creates, distributes and monetizes premium creator-driven, entertainment, sports, and educational content in augmented reality, and virtual reality. The company has operations throughout the Middle East, parts of Africa, and Asia and currently reaches over 1.2 million active users globally each month, with two-thirds of its creators and users based in emerging markets.The financing will enable VUZ to develop and distribute original conten...
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