ⓘ Featured image: Ali Hamdeh, CTO of Eve Virtial
Headquartered in Dubai Media City, Dubai, Eve virtual is MENA’s very first virtual hosting platform. The company today announced that it has raised $1 million in a seed funding round led by Dubai-based Wiz Holdings and some angel investors.
The company got funded right after the first week of its official launch and the investment will be deployed towards product development and customer acquisition. Company’s users and clients have already started downloading the Eve Virtual app from App Store and Play Store.
The company in a press statement shared that the pandemic scenario witnessed a more rapid digitalisation 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, development of the virtual platform is a natural progression in its trajectory.
Speaking of the investment round, Ali Hamade, CTO of Eve Virtual in a statement 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.”