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. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

Breaking Property News 3/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The imminent interest rate hike is going to be a real reckoner for property   When interest rates rise again, Britain’s housing market will discover what it is really worth   Thought Leadership by Andrew Stanton CEO Proptech-PR For more than a decade, Britain’s housing…
Read More →
Breaking News

Tenancy deposit reform overlooks estimated £750m

As the Government considers reforms to England’s tenancy deposit system, The Letting Partnership is warning that one major question remains almost entirely absent from the debate: what happens to tenancy deposits that are never reclaimed? While current discussions have focused on how deposits should be protected in future, namely custodial vs insured schemes, far less attention…
Read More →
Breaking News

Application to offer in 24 hours with new Barclays Fast-Track Remortgage

Barclays launches first-of-its-kind Fast-Track Remortgage, which can provide eligible customers1 a mortgage offer within 24 hours, and completion in as little as five days Research finds those who have switched lenders are twice as likely to find the process difficult compared to those who stayed with their lender (20 per cent vs 10 per cent)…
Read More →
Estate Agent Talk

Mortgage overpayments in a confident market

Financial experts are encouraging homeowners and first-time buyers to take a fresh look at mortgage overpayments as confidence builds in the UK property market and interest rates begin to ease. With major lenders cutting rates, improved loan-to-value options for buyers, and growing optimism in the 2026 market, mortgage overpayments are emerging as a powerful and…
Read More →
Breaking News

House price growth remained subdued in August

UK annual house price growth remained broadly stable in August at 1.6% House prices were up 0.2% month on month Headlines Aug-26 Jul-26‡ Monthly Index* 550.1 549.1 Monthly Change* 0.2% -0.1% Annual Change 1.6% 1.4% Average Price (not seasonally adjusted) £275,465 £276,581 * Seasonally adjusted figure (note that monthly % changes are revised when seasonal…
Read More →
Letting Agent Talk

What Adds Three Weeks to Leasehold Conveyancing?

As government reforms target a four-week reduction in homebuying times, Konnect You analysis points to management packs, extra lease enquiries, third-party responses and title issues as recurring leasehold bottlenecks. The government is targeting a reduction of around four weeks in the homebuying process through reforms published in June 2026. Its roadmap proposes more property information upfront and recognises that leaseholders can face delays…
Read More →