Dubai-Based Virtual Events Platform Eve Virtual Raises $1 Million Investment

Dubai-based virtual hosting platform Eve Virtual has closed a $1 million investment in a seed funding round led by Dubai’s Wiz Holdings with the participation of angel investors. The investment comes only one week after the platform’s official launch.

The young startup is leveraging 3D technology to digitally revive events during the pandemic. With a massive global appetite to digitise on-ground activities, Eve Virtual brings not only an online chatroom platform, but a fully realised digital landscape that utilises cutting-edge tech to bring a slice of pre-COVID life.

”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,” says Ali Hamade, CTO at Eve Virtual. “The fully built platform and its adaptability to all formats invoked credibility in the business model and has reiterated the trust of our investors. 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.”

Hamade has also stated that the investment will be used to hone in on further development of the product, and to further enhance the innovation of the service, which can pave the way for an entirely new digital revolution.