[Web3 service provider Verofax completes $3 million bridge financing] On August 30, according to Assiyaq, the UAE-based Web3 service provider Verofax announced the completion of $3 million in bridge financing. This round of financing was led by investors such as King Abdullah University of Science and Technology, Plug & Play Tech Center, Navig8 Group and Trove Capital UK. Other participants in this round of financing include Jawa Brothers Advisory, Alzamil Pedco CVC and Tracecore CVC. In a round of financing in 2022, Verofax raised $1.5 million in a pre-Series A financing led by Benson Oak Ventures, with participation from 500 Global, Wami Capital and Vernalis Capital.