Abu Dhabi-Based Verofax Secures $3 Million in Bridge Funding
Founded in 2019, Verofax's clients include Anheuser Busch Inc. and Emirates Airlines, with applications in retail, tourism, and sports.
Abu Dhabi-based Web3 services provider Verofax has raised $3 million in a bridge funding round. The round was led by King Abdullah University for Science and Technology, Plug & Play Tech Center, Navig8 Group, and Trove Capital UK, with additional participation from Jawa Brothers Advisory, Alzamil Pedco CVC, and Tracecore CVC.[1]
The funding will support Verofax’s projects in the Middle East and the EU, including AI-powered guides for the GCC and sports fan guides in the EU and North America.
Led by CEO Wassim Merheby, Verofax uses Web3 technologies such as augmented reality, blockchain, and artificial intelligence to enhance tourist, shopper, and brand marketing experiences.
Founded in 2019, Verofax's clients include Anheuser Busch Inc. and Emirates Airlines, with applications in retail, tourism, and sports.