Giraffe360 raises £3.4m in seed funding led by LAUNCHub Ventures and Hoxton Ventures to expand its camera subscription service
The round was led by LAUNCHub Ventures and Hoxton Ventures to accelerate growth in the property technology sector.
Giraffe360 provides a subscription based robotic camera service that enables property agents to produce professional photographs, floor plans and virtual tours. The company operates across multiple countries and employs over seventy staff.
Giraffe360 has secured £3.4m in seed funding to expand its camera subscription service for the real estate sector. The investment was led by LAUNCHub Ventures and Hoxton Ventures, with participation from HCVC and existing backer Change Ventures.
The proptech startup has experienced significant growth as property viewings shift from physical to virtual formats due to social distancing measures. The new capital will support the company as it scales operations following a period of rapid revenue growth.
The business offers a specialised robotic camera device on a subscription model, allowing agents to generate high resolution photographs, floor plans and virtual tours without hiring professional photographers.
From the founder
"Our growth numbers speak for themselves. Subscriptions grew 800% in 2019 and will be even higher in 2020,"
Mikus Opelts
CEO at Giraffe360
Investor perspective
"Giraffe360 has global potential with customers in 26 countries, including industry leading brands such as RE/MAX, CBRE, and BNP Paribas Real Estate,"
Hussein Kanji
Partner, Hoxton Ventures
Investors
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About the company
Giraffe360
Giraffe360 provides robotic camera hardware and software subscription services for property professionals.