A new robotics company created in Latvia Giraffe360 concluded 4.5 mln. A round of large US dollar investments, the company announced.
The main investors in this round are the venture capital funds LAUNCHub Ventures and Hoxton Ventures, which already have several billion companies in their portfolios. Venture capital funds HCVC (Hardware Club) and Change Ventures also participated in the investment round.
Giraffe360 has created a unique technology that real estate companies subscribe to. The product consists of a self-created 3D room scanning camera that allows you to generate precise layouts, high-quality photos and virtual tours at the touch of a button. So do other digital content formats, such as the 3D dot cloud.
Giraffe360 The solution facilitates the creation of high-quality visual content for real estate advertisements. The Giraffe360 service is currently used in 26 countries. The largest number of users is in the UK, where Giraffe360 sales office. The most geographically remote regions where Latvian-made cameras are currently located are the United Arab Emirates and the Cayman Islands.
“We have had a very productive time. The number of subscriptions increased by 800% last year. We plan even faster growth this year. We feel that customers’ interest in our technology has been boosted by the introduction of social exclusion rules in Europe. Remote presentation of properties has become an even greater necessity. In order to be able to serve the rapidly growing number of customers, we pay great attention to increasing the production and digital processing capacity of cameras. Last summer we opened a camera factory in Riga. In turn, we continue to strengthen the digital file processing team in Liepaja, ”comments Mikus Opelts, co-founder and CEO of Giraffe360.
Todor Breshkov, partner of LAUNCHub Ventures, the leading investor in this investment round, emphasizes: “We are pleased with the achievements of Giraffe360! Keeping our hands on the pulse of the PrpTech industry, we are pleasantly surprised at how the Giraffe360 product has modernized the real estate industry. Now more than ever, brokers and brokers have the opportunity to create truly high-quality content for real estate ads. ”
“Giraffe360 is a great example of how Latvia can. It combines Latvia’s strong robotics knowledge and understanding of new opportunities in the global real estate market. This new business created by tough Liepaja has developed an elegant solution. Giraffe360 is currently growing rapidly and has attracted strong European venture capital investors , “says Andris K. Bērziņš, managing partner of the venture capital fund Change Ventures.
Jerry Yang, partner at the venture capital fund HCVC (Hardware Club), also states: “We have been following the growth of Giraffe360 since 2019, when I first met the team at the TechChill conference in Riga. Since then, we have met regularly in both London and Paris. “We appreciate the quality of the product created by the Giraffe360, as well as the impressive growth rates. We are pleased to invest with our good friends from LAUNCHub Ventures, Hoxton Ventures and Change Ventures.”
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