Dubai-based Web3 services provider Verofax announced its successful acquisition of $3 million in bridge financing. The round attracted participation from renowned investors including King Abdullah University of Science and Technology (KAUST), Plug & Play Tech Center, Navig8 Group, and Trove Capital UK. Additionally, the funding included investments from Jawa Brothers Advisory, Alzamil Pedco CVC, and Tracecore CVC. This signifies Verofax's continuous growth and market presence in the Web3 domain. Prior to this, Verofax had raised $1.5 million in pre-A round funding in 2022, led by Benson Oak Ventures, with support from institutions such as 500 Global, Wami Capital, and Vernalis Capital.