Inspace, a Sydney, Australia-based PropTech startup that provides property visualization technology and services, raised $6 million in oversubscribed funding.
The round was led by OIF Ventures and B Capital-Facebook co-founder Eduardo SaverinSaverin’s VC firm, with participation from InSpace's existing investor, Investible.
The recent funding will be used to drive further research and development, particularly in the areas of artificial intelligence (AI) and predictive insights.
Inspace aims to enhance communication and enable remote access to buildings, reducing costs, promoting sustainability, and accelerating deal completion for landlords and agents.
According to the company, its platform is being used across $130 billion in real estate across multiple countries. It also said that its subscription model has jumped 398% in the past eighteen months.
Funding Month: July 2023
Lead Investors: OIF Ventures and B Capital
Additional Investors: Investible
Company Website: https://www.inspacestack.com/
Software Category: Property Visualization Software
About the Company: Inspace is a PropTech company providing a comprehensive digital property platform for commercial real estate. The company specializes in digital twins, 3D stacks, and 360-degree virtual tours of real estate properties. The platform has since been used for real estate pitches in 11 countries, including by leading property groups such as M&G, CBRE, Dexus, Lendlease, JLL, and PGIM.