Tech company gets major investment at Digital Freedom Festival

A young Latvian tech company announced November 29 it had secured a half-million-euro investment at the inaugural Digital Freedom Festival in Riga.

Latvia's Giraffe360 startup company - which provides technology for virtual tours - said it has attracted investment wirth half a million euros from the Estonian private venture capital company Koch Capital, according to Giraffe 360 founder Mikus Opelts.

The announceent was made at the Digital Freedom Festival, which continues November 29 after opening November 28.

"This is a great Giraffe360 team achievement and a strong foundation for our future success. It will provide an opportunity to get closer to our set goal - to have the company in London, New York, Sydney, Tokyo and elsewhere in the world," said Opelts.

Giraffe360 produces virtual tours particularly geared towards allowing prospective buyers of real estate to look around their potential properties without a physical visit.

"Our engineering and software innovations are based on simple to use, but excellent quality products," said Opelts. "With the investment we can plan how to strengthen our team to expand our visibility in major cities around the world."

Giraffe360 was founded in 2015 and created an easy-to-use 360-degree camera and platform for virtual tours, available via the Internet, as well as mobile and virtual reality devices.

 

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