Eve virtual, 3D virtual hosting platform raises $1M in Seed funding round
Eve virtual, MENA’s first virtual hosting platform, announced it has raised $1M in a Seed funding round from Dubai-based Wiz Holdings and angel investors.
• Eve virtual is a platform developed to harness the power of 3D technology. It aims to bring education, innovation, on-ground events, exhibitions, trade shows, rock concerts, and conferences to the virtual landscape.
• Due to their robust experience with live events, the development of the virtual platform is a natural progression in its trajectory.
• The investment will help the company make further strides in product development and customer acquisition.
Ali Hamade CTO of eve virtual said, “It is a very exciting time for us as we are in the nascent stage with eve. Last week we launched the platform, which got a great response from our industry and our investors. The fully built platform and its adaptability to all formats invoked credibility in the business model and has reiterated the trust of our investors.”
Read the full press release below.
SOURCE: Waya
Eve virtual – MENA’s first virtual hosting platform announced it has raised $1 million in a seed funding round from Dubai-based Wiz Holdings and angel investors. The investment will help the company make further strides in product development and customer acquisition.
The pandemic caused by COVID-19 witnessed a more rapid digitalization process, as the business world struggled to find continuity. Eve virtual is a platform developed to harness the power of 3D technology. It aims to bring education, innovation, on-ground events, exhibitions, trade shows, rock concerts, and conferences to the virtual landscape.
eve virtual is owned by TGW live and powered by Entourage, the live communications agency that has been leading the world of offline events in the Middle East for the past decade. Due to their robust experience with live events, the development of the virtual platform is a natural progression in its trajectory.
The funding comes a week after the platform was officially launched. Users and clients can now download the app on App Store or Play Store and experience the platform for themselves.
Commenting on the influx of capital, Ali Hamade CTO at eve virtual said, “It is a very exciting time for us as we are in the nascent stage with eve. Last week we launched the platform, which got a great response from our industry and our investors. The fully built platform and its adaptability to all formats invoked credibility in the business model and has reiterated the trust of our investors. Our investors have entrusted us with the seed capital to ensure the success of the platform. Accelerated by digital transformation, we believe that virtual platforms will pave the way for the future and eve virtual is going to be a game-changer in the market.”
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Despite a rocky first half of the year, Saudi Arabia’s startup funding increased by 102% from H1 2019 to H1 2020, with H1 2020 already surpassing full-year 2019 by the amount of funding. Discover more data by downloading our FREE H1 2020 Saudi Arabia Venture Capital Snapshot.
هذا التقرير متوفّر أيضاً باللغة العربية على الرابط التالي: تقرير الاستثمار الجريء في المملكة العربية السعودية في النصف الأول من عام ٢٠٢٠
Source: waya.media