A real estate VR company called Giraffe360 raises over US$16m in a Series A funding led by Founder’s Fund, a marquee venture capitalist from San Fransico. Giraffe360 was founded in 2016 as a robotic technology startup to aid real estate agents in creating virtual listings and enhancing buyers’ experience.
Mikus Opelts, CEO of Giraffe360, said, “We are very excited to partner up with Founders Fund. It is one of the strongest brands in the VC industry, with a strong track record of backing category-defining companies.”
After the COVID-19 breakout in 2019, the company was able to surface as it raised US$4.5m in 2020 for its ability to deprecate the need for photographers in the virtual sight-showing process. Giraffe360 offers a robotic camera that enables brokers to generate high-resolution photos and virtual floor plans. The service is available on a subscription basis.
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With the recent funding from Founder’s Fund, the startup plans to launch its latest and most upgraded version of the robot camera, Giraffe Go Cam. This new version is reportedly 30% lighter in weight, comes with faster charging, and has 500 GB of storage.
Giraffe360 secured an extra $6 million in long-term loans from the London-based venture lending provider Columbia Lake Partners in conjunction with the most recent equity round. To date, Giraffe360 raised US$22m in equity and US$9m in venture debt.
