Singapore’s VR-based proptech startup Foyr raises US$4.2M to expand to US

Sainul Abudheen
Singapore’s VR-based proptech startup Foyr raises US$4.2M to expand to US

Foyr’s platform combines visualisation with Artificial Intelligence to empower better decision-making by seeing things


Singapore-headquatered Virtual Reality-focussed property-tech startup Foyr announced today it has closed US$4.2 million in Series A investment round.

Serial entrepreneur Sashi Reddi’s SRI Capital, property consultancy firm JLL, and existing investors participated in this round.

The company plans to use the money to enter the US market, which is expected to be its largest market in two years.

Additionally, Foyr has also announced the appointments of Vikas Kaushal (formerly with Microsoft) as Head of International Business, and Ankur Garg (formerly with Indian Navy) as Head of India Business. Kaushal will be based in Singapore office, while Garg will head the operations from India.

Also Read: 6 Virtual Reality trends to look forward to in 2018

Launched in 2015 by Shailesh Goswami, Foyr’s platform combines visualisation with Artificial Intelligence to empower better decision-making by seeing things. It assists architects, commercial brokers, property developers and interior professionals in shaping and showcasing their ideas and giving their customers a 3D experience on low-powered devices like browser and mobile.

Foyr claims to have over 80 top property developers as clients. Over 150 architect and interior design firms in India and Singapore also use the platform.

The startup had earlier raised seed funding from Astarc Ventures and Brick Eagle Ventures.

 

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