FUZE Technology, a pioneering IoT company behind chargeFUZE (a pay-per-use mobile charging solution), announced the closing of the company’s Series A funding round at $11.5 million.
Beverly Pacific led the Series A funding round with participation from Palm Tree Crew, Bain Capital Ventures Scout Fund, and Dream Ventures. And additional participants include a strategic roster of new and returning investors Live Nation Entertainment, ASM Global, SCIENCE Ventures, Haslem Sports Group, Simon Ventures of Simon Property Group, Fenway Sports Group’s Michael Gordon, Sunday Ventures, SeaHorse Express, Locker One Ventures, Geoff Lewis of Bedrock Capital, London & NYC-based TR Ventures, Melbourne-based LK Group, Cameron Azoff, and Nicolai Marciano.
Joining the roster of investors are notable personalities and luminaries such as tennis sensation Nick Kyrgios, online star David Dobrik, acclaimed chef Binging with Babish, and a cadre of influential figures like Bar Rescue’s Jon Taffer, NBA player Terry Rozier, and basketball legend Kenny “The Jet” Smith.
This funding will fuel FUZE’s growing demand and accelerate its international expansion, with an emphasis on new product innovations. The company also revealed adFUZE, a global network of IoT utilities backed by data-driven advertising, powering the future of DOOH advertising.
Through adFUZE, FUZE is marrying cutting-edge hardware and consumer engagement by transforming spaces into dynamic ad platforms, offering brands high-visibility digital screens at premium locations. And with data-driven targeting, advanced analytics and real-time data, adFUZE enables precise targeting and measurement for unique advertising opportunities spanning entertainment, retail, hospitality, etc.
FUZE Technology also unveils a rebrand, which reflects the company’s evolution and commitment to innovation. FUZE Technology remains focused on its goal to further propel the advancement of IoT while delivering state-of-the-art technology solutions that connect and positively impact users, venues, and brands, ensuring a seamless and enriching experience for businesses and consumers.
KEY QUOTES:
“We’re thrilled to extend our partnership and investment in FUZE’s global network, including chargeFUZE and adFUZE. FUZE’s commitment to keeping fans powered and engaged throughout shows aligns perfectly with our focus on elevating live music experiences for everyone.”
- Tom Allison, Live Nation’s Head of New Ventures
“ASM Global has witnessed firsthand the impact chargeFUZE has on enhancing the overall experience of patrons across our various global events and venues. Our investment in FUZE, allows ASM Global to meet the growing demand for mobile charging solutions through our chargeFUZE global partnership while driving new advertising and sponsorship opportunities for ASM Global’s Media Network through adFUZE.”
- Jason Oberlander, ASM Global Chief Commercial Officer
“We are thrilled to embark on this next phase of growth with the support of our esteemed investors. This investment reaffirms confidence in our vision and underscores the immense potential of everything we are quickly building at FUZE: from chargeFUZE to adFUZE, and beyond. adFUZE is just another example of FUZE’s vision of a World where IoT innovations set the standard for global connectivity, transforming how communities interact, businesses operate, and individuals flourish in an ever-connected society.”
- Brandon Afari, FUZE Technology CEO & Ryan Levy, FUZE Technology President
