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International Internet Magazine. Baltic States news & analytics Saturday, 28.11.2020, 13:05

Latvia: Giraffe360 raises a USD 4.5M funding round

BC, Riga , 19.11.2020.Print version
The PropTech startup “Giraffe360” has raised $4.5M funding round to further accelerate its 10x growth to expand their unique camera-as-a-subscription service for the real estate industry. Leading the round are “LAUNCHub Ventures” and “Hoxton Ventures” joined by another European VC firm, “HCVC (Hardware Club)”. Existing investor “Change Ventures” also participated, informed Magnetic Latvia.

Giraffe360 offers a subscription service for its unique robotic camera, which enables real estate agents and brokers to skip the need for a professional photographer and generate high resolution photographs, accurate floor plans as well as premium virtual tour and publish real estate listings in 24 hours.


Social distancing helps

Property viewings, in particular, have migrated from physical to virtual as stronger measures to social distancing have been introduced. For many businesses across Europe, “Giraffe360” has been the solution for this transition.


“Our growth numbers speak for themselves. Subscriptions grew 800% in 2019 and will be even higher in 2020,” said Mikus Opelts, founder and CEO of “Giraffe360”.


“More than ever this year, our clients and prospective buyers and tenants have started to see virtual viewing as the default way to look at a property. Agents are selling and renting a property in this period with virtual viewings, all using “Giraffe360″ product which lets the buyer or renter be inside the virtual home, alongside the agent’s representative,” said Opelts.


With a global potential

As the lead investor we are excited to support “Giraffe360″ on their growth journey! We’re always keeping an eye on PropTech trends and we’re impressed with the potential their product has to modernize the real estate industry, and make it easier than ever for real estate agents and brokers to publish high quality listings,” said Todor Breshkov, partner at “LAUNCHub Ventures”.


“”Giraffe360” has global potential with customers in 26 countries, including industry leading brands such as “RE/MAX”, “CBRE”, and “BNP Paribas Real Estate”,” added Hussein Kanji, partner at “Hoxton Ventures”.


“We’ve been tracking “Giraffe360” since early 2019 when I met the team in Riga. Since then we frequently touched base with each other in London and Paris. The team has since shown impressive MRR growth and refinement in product and services. We’re excited also to join our good friends at “LAUNCHub”, “Hoxton” and “Change Ventures” in this round. We look forward to the journey together with “Giraffe360″,” said Jerry Yang, General Partner at “HCVC (Hardware Club)”.


Camera-as-a-subscription

Giraffe360” is a breakthrough camera technology using a high-specification sensor, LIDAR laser technology and robotics, to deliver professional quality photography, high-accuracy floor plans and 3D virtual tours. The camera is sold as a service for £399 per month to real estate agents and brokers.


Giraffe360” was founded in 2016 in Riga, Latvia by two brothers Mikus Opelts and Madars Opelts and is headquartered in London, UK.


The company employs more than 70 people, servicing clients across 26 countries






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