Inreal Technologies raised $3 million from Hettich Beteiligungen, angel Michael Spies, BitStone Capital and SIGNA Innovations

Inreal Technologies, a Karlsruhe, Germany and New York, US-based software developer of 3D simulations for the real estate industry, announced securing a $3 million financing round.

The money was provided by a range of new and existing investors, including Dr. Hettich Beteiligungen, a holding company owned by Andreas Hettich, angel investor Michael Spies, and existing investors Bitstone Capital and SIGNA Innovations.

Inreal Technologies, founded in 2011 by Moritz Luck and Thomas Willberger and led by CEO Enrico Kürtös , developed a VR platform that helps to visually immerse users in planned environments by using goggles with integrated screens. The company's tools offer a virtual version of a prospective building, enabling customers to experience real estate spaces long before it's built and improve decision-making processes in the residential and commercial building. Inreal says it virtually mapped more than 450 properties and 5.2 million square meters of space. Customers include industry giants such as Art-Invest, Buwog, Deka Immobilien and Ca Immo. In the Corona crisis, in which visits to physical model apartments and on-site consultations were hardly possible for weeks, demand rose again.