Giraffe360 raises $4.5M to expand their service

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

Commercial Agent Talk

Reliable Commercial Roofers in Middlesbrough for Quality Roofing Solutions

Any commercial building can only be very safe and last long when it has a very strong roof. With time, the roofing system may be weakened by nature due to weather, similarity in age and structural wear, thereby resulting in expensive repair if not corrected early. This is the reason why you need to employ…
Read More
Breaking News

Newcastle and Edinburgh commuter belts beat London

The latest research from The Property DriveBuy has found that Newcastle and Edinburgh rank as the best commuter belts in Britain, with all surrounding local authorities offering a more affordable average house price than the cities themselves, whilst Liverpool ranks as the worst. The Property DriveBuy analysed current house prices across 12 major British cities,…
Read More
Breaking News

Breaking Property News 16/10/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Tlyfe and Eleos Life partnership brings embedded insurance protection to UK Renters In a first for the UK rental sector, Tlyfe (powered by OpenBrix) has partnered with digital insurer Eleos Life by adding embed life and income protection directly into its tenant app. Instead of…
Read More
Breaking News

Sellers of larger homes make £122.5k average capital gains, crushing the gains from flats

Sellers of detached homes made £122,500 in capital gains when selling their home over the last 18 months while flats yielded an average gain of £27,000 Sellers in England and Wales made an average gain of £72,000, a 38 per cent increase in value from when they bought the property The average seller in London…
Read More
Breaking News

London’s second homeowners face £16,446 CGT bill

London’s second homeowners face £16,446 capital gains tax bill, but prime London sellers escaping unscathed The latest research from Enness Global has found that whilst the London property market remains subdued, the city’s second homeowners could still be hit with significant costs when exiting their investments, with the average seller now facing a capital gains…
Read More
Love or Hate Rightmove
Estate Agent Talk

Rightmove launches new webinar to equip agents with market leading insights and business-boosting strategies

Rightmove, the UK’s largest property platform, is launching a new webinar to equip agents with the latest market intelligence and profit-boosting strategies to accelerate sales and improve conversion rates. The webinar titled, ‘From pitch to profit: Competing on more than just fee’, will take place live on Friday 17th October at 1pm, exclusively for Rightmove…
Read More