Giraffe360 raises $4.5M to expand their service

November 17, 2020
,
giraffe360 proptechden

Giraffe360 has raised $4.5M on the back of 10x revenue growth to further expand their unique “camera-as-a-subscription” service for the real estate industry

The PropTech startup has raised a $4.5M funding round to further accelerate its 10x growth. Leading the round are LAUNCHub Ventures and Hoxton Ventures joined by another European VC firm, HCVC (Hardware Club). Existing investor Change Ventures also participated.
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.

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’s product which lets the buyer or renter be inside the virtual home, alongside the agent’s representative,” said Opelts.

“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 & 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.” Jerry Yang, General Partner at HCVC (Hardware Club).

“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.”

FOR MORE INFORMATION CONTACT:
Mikus Opelts; mikus@giraffe360.com; +44 7745137344

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Home and Living

Signs of Outdated Wiring in Older Tulsa-Area Homes

Tulsa has a lot of beautiful older homes. Brookside bungalows, Maple Ridge tudors, the postwar neighborhoods that fill out Midtown and East Tulsa. They were built well, but most were built before central air, before microwaves, before two-car households with two laptops and a dozen phone chargers. The electrical systems inside them were designed for…
Read More →
LIVING BY THE SEASIDE 2022
Breaking News

Britain’s seaside price hotspots revealed

New analysis from the UK’s largest property platform Rightmove reveals Britain’s seaside hotspots where prices are rising the fastest Bootle in Merseyside leads the way, with average asking prices up 11% year-on-year, followed by Crosby in Liverpool (+9%) and Penarth in South Glamorgan (+9%) Other coastal locations including Llantwit Major in South Glamorgan (+8%) and Llanelli, in Carmarthenshire (+7%) are also seeing strong price growth Average asking prices are currently 0.3% lower in Great Britain compared to last year, with some seaside hotspots outpacing the…
Read More →
Estate Agent Talk

Hertfordshire emerges as strongest performing London commuter county

New research from UK Property Development reveals that while London property prices fell by more than -3% in the past year, prices in some of the capital’s surrounding counties have enjoyed positive growth, none more so than the premium commuter county of Hertfordshire.   In the past year, London’s average house price has fallen by…
Read More →
Estate Agent Talk

Second homes losing appeal among the rich

New Survey Reveals Ongoing Maintenance Is the Biggest Barrier to Second Home Ownership   62% say upkeep and hassle would stop them from buying a second home, even if money were no object   A new survey conducted by luxury co-ownership platform Equity Residences has revealed that the practical realities of owning a second home…
Read More →
Letting Agent Talk

How to build a property portfolio with buy-to-let mortgages

One of the reasons property is such a popular asset choice for investors is that you don’t need to invest all the money yourself; you can leverage funds from the bank. Here’s a very simplistic example of how borrowing via a buy-to-let (BTL) mortgage allows you to multiply your returns versus owning a property all-cash:…
Read More →
Home and Living

2026’s Fastest-Growing Bathroom Trend Is the Wet Room

“Wet rooms have become one of the standout bathroom upgrades of 2026, moving from luxury extra to everyday renovation choice as more homeowners prioritise space, style and easy cleaning. The momentum is only building as spa‑style bathrooms stay in demand.” “Wet rooms used to be a niche request,” says Ant Langston, Marketing Manager at Heat…
Read More →