Webit invested USD 900k in 360 VUZ (NEUTRAL)

28.09.2022 Source: Webit Investment Network; FFBH

Webit Investment Network (WIN) announced that it has made its first investment of USD 900k in 360 VUZ as a part of the Founders Games competition. 360 VUZ is a global leader and has the largest library of 360° video content in the world. The total size of the round (B series) amounted to EUR 20m and was led by the venture capital firm Caruso Ventures. The company notes, that 360 VUS revenue shows a stable and remarkable growth. Revenue for 2021 reportedly amounted to USD 4.0m, up 65.5% YoY, and for 2022 it is expected to reach a value of over USD 7.0m.