EnvisionVR, a trailblazing proptech startup, has successfully raised $2.585 million in its latest funding round, drawing support from investors within the real estate sector. The investment aims to propel the company’s global expansion, with all stakeholders expressing enthusiasm about the business’s potential for network growth.
Established in 2019, EnvisionVR has revolutionized virtual reality experiences for off-the-plan real estate through its innovative mobile platform.
“We aimed to provide the highest quality Augmented Reality (AR) /Virtual Reality (VR) experience, enabling users to visualize their future homes using a mobile phone, tablet, VR headset, or the web.”
Founder and CEO Michael Shaw
In contrast to existing solutions that are either tethered or require high-powered computers, EnvisionVR brings virtual experiences directly to individuals through their personal devices.
Over the past 18 months, EnvisionVR’s platform has showcased and facilitated the sale of over $500 million worth of properties, offering meaningful results to the industry and accelerating sales processes. The platform addresses the demand for a streamlined sales cycle, potentially saving an estimated $2.2 billion in holding costs for off-the-plan developments in Australia.
EnvisionVR’s diverse project portfolio underscores the expansive potential of immersive technology in the real estate domain, attracting participation from prominent homebuilders, project marketing agencies, and developers.
“EnvisionVR brings an off-plan project to life, making it a great tool to layer in with a robust marketing campaign to make buying off-the-plan that much easier.”
Davina Polleto of Ray White Projects
Aligned with its mission to make virtual experiences accessible and cost-effective, EnvisionVR empowers 3D designers to offer immersive experiences to their clients without in-house development.
“Our partner network of over 20 CGI studios across six different countries is already offering our VR experiences to their clients, allowing them to provide VR without any hassle.”
Michael Shaw
The recent funding round signifies a significant milestone for EnvisionVR, providing the capital needed to continue its international expansion and scale its network of CGI partners globally. With active sales teams in Australia and the UK and CGI studios catering to global clients, the company is well on its way to achieving its expansion goals.
“We are excited to continue to grow our team and, through our tech development, empower any 3D designer to create powerful virtual experiences with the click of a button.”
Shaw expressed excitement about the growth
