Latvian-founded proptech startup Giraffe360 has raised £1 million in a seed funding round led by Change Ventures and moved its headquarters from Riga to London.
Giraffe360 has developed a hardware and software solution for property presentation that delivers 360-degree photos in a monstrous 270 megapixel resolutions. The imagery can be used for the creation of accurate floor plans, virtual tours, and as wide-angle photos for websites and brochures.
Launched in 2016, the startup has partnered with real estate companies like Hunters, John Taylor's, and RE/MAX.
“The rapidly growing UK PropTech scene is important to us. Real Estate business in the UK is opening its doors for much-needed innovation,” said Giraffe360 CEO Mikus Opelts. “New PropTech startups are launching their solutions every single day. For example, The Future PropTech forum held in London has grown from 50 to 1,300 attendees in five years. The community is vibrant and is leading the way in shifting what is essentially the world's largest asset class and last industry not yet disrupted by technology.”