Menu visibility control

Video

Events

Startup Surgery

Most Recent

Government & Policy

PM Theresa May to reveal Industrial Strategy Challenge Fund to support UK tech

Tech City Voices

Here’s how tech for good startups can maximise their chances of getting funded

Investments

Habito lands £5.5m in Series A round led by Silicon Valley’s Ribbit Capital

Press Releases

No more electronic ‘loose change’: innovative fintech charity payment scheme launched today across 6,000 UK schools
Chimni calls for the UK proptech community to work more closely with the housebuilding industry
Blockchain Conference: Blockchain Expo announces Berlin and North America dates

London property tech company Virtual Walkthrough acquired by US VR firm

virtual reality
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

London-based proptech company Virtual Walkthrough has been acquired by Matterport, an immersive media and VR tech firm headquartered in California.

As a result of the transaction, Virtual Walkthrough will become a wholly owned subsidiary of Matterport.

The company has also confirmed that James Morris-Manuel, founding partner of Virtual Walkthrough, will continue to hold a senior role within the company.

Property Partner: The UK’s latest PropTech success story

Morris-Manuel, co-founder and director of Virtual Walkthrough, said: “This ground-breaking agreement is a ringing endorsement of the fast growing UK proptech scene. The UK property market is fully embracing new virtual technologies, with recent research by Nabarro showing that 81 percent of property professionals believe that virtual reality (VR) will change how developments are planned, marketed and leased in the next 10 years.”

He added: “Matterport and Virtual Walkthrough together are well placed to grow globally, becoming a driving force in the proptech community to produce extremely high quality products and collateral for all clients. We’re all more than ready to take the business to the next level.”

Launched in 2014, Virtual Walkthrough set out to change the way in which residential and commercial properties are marketed online, creating 360° online virtual tours.

Funded by leading venture capital investors and founded in 2011, Matterport claims to have customers in more than 50 countries.

Bill Brown, CEO of Matterport, said: “Virtual Walkthrough has a tremendous reputation in the UK and Europe, in the residential and commercial property markets, and has expanded into leisure and venue spaces with notable clients such as Marriott, the Intercontinental Hotel Group and Keller Williams.

“They are a natural fit, in terms of business focus, philosophy, and technology. We’re excited to continue to expand our vision, on a global scale, for more people and across more industries,” he concluded.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Theresa May

PM Theresa May to reveal Industrial Strategy Challenge Fund to support UK tech
posted 10 mins ago

Tech for good

Here’s how tech for good startups can maximise their chances of getting funded
posted 4 hours ago

habito

Habito lands £5.5m in Series A round led by Silicon Valley’s Ribbit Capital
posted 11 hours ago

BULB Amit Gudka

Amit Gudka, co-founder of Bulb, on the biggest misconceptions of startup life and his proudest moment so far
posted on January 22, 2017

Reports

Top tech stats: HealthTech investments trends, AI within business & more
posted on January 21, 2017

legal robot

AI and the legal sector: Opportunities, challenges and predictions
posted on January 20, 2017