Having just closed out their latest round of seed funding at $750,000 after winning Sydney’s Investible Games, Inspace XR now plan to expand their offering to Augmented Reality, bespoke VR and AR projects, and new overseas offices.
Inspace XR uses its River Fox VR technology to allow prospective home buyers and builders to experience a virtual mock-up of their new home. Changing the way we buy and sell property, the software is intended to reduce the risk of costly design errors, and has already been snapped up across the real estate industry by JLL, CBRE, Charter Hall, Folkestone and Macquarie Bank.
CEO and Founder of Inspace XR, Justin Laing, impressed judges and angel investors at the Investible Games after facing 12 gruelling challenges over the course of three days to assess the founding team, the business model, market traction, and critical business functions.
“The Investible Games was a fun and intensive weekend, challenging founders in all the areas required to build a successful business. Shortly after winning the Sydney series, we closed our seed round of $750,000 led by Investible and other investors who spectated the Investible Games,” said Justin Laing, Founder and CEO of Inspace XR.
In addition to securing seed funding, Inspace XR received instant cash prizes, a six-month membership to Investible’s Circle Club and Digivizer Starter plan. The next round of the Investible Games will be held in Melbourne between 27th and 29th June.