EnvisionVR, Pioneering Virtual Real Estate Experiences with VR & AI, Secures $2.58 Million in Funding

EnvisionVR, a proptech startup, recently closed a $2.58 million funding round with support from investors in the real estate sector. This injection of capital will propel the company’s international expansion and amplify the growth of its global CGI partner network.

Established in 2019, EnvisionVR has reshaped virtual reality experiences for off-the-plan real estate through its mobile platform. Unlike alternatives, the platform allows users to effortlessly visualize future homes using common devices like mobile phones, tablets, VR headsets, or web browsers, eliminating the need for high-powered computers.

Michael Shaw, EnvisionVR’s CEO and founder, emphasizes the commitment to delivering top-quality augmented reality and virtual reality experiences. The platform’s accessibility has facilitated over $500 million in property transactions by sales agents in the past 18 months alone.

EnvisionVR’s success is evident in its ability to meet the demand for streamlined sales cycles in the off-the-plan real estate market. With an estimated $2.2 billion wasted in holding costs for such developments in Australia, the platform has proven instrumental in enhancing efficiency.

Davina Polleto at Ray White Projects commended EnvisionVR for surpassing traditional 360-degree tour technology, noting its effectiveness in bringing off-plan projects to life. She highlighted its value as a tool to enhance marketing campaigns and simplify the off-the-plan purchasing experience.

EnvisionVR’s vision extends beyond its current achievements, aiming to empower 3D designers globally. The company envisions a future where any 3D designer can effortlessly offer virtual experiences to clients through the platform. With a partner network comprising over 20 CGI studios across six countries, EnvisionVR is already enabling these studios to provide hassle-free VR experiences to their clients.

As the company expands its team and invests in technological development, Michael Shaw expresses enthusiasm about empowering 3D designers to create impactful virtual experiences with a simple click. EnvisionVR remains dedicated to making virtual experiences accessible and cost-effective for designers and users alike.

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