Giraffe360, a UK-based proptech platform, has raised $10M in Series B funding led by Cipio Partners. The company provides an all-in-one 360 camera called Giraffe PRO and AI software that captures properties once to generate HDR photos, virtual tours, floor plans, videos, virtual staging, and branded websites. The capital will fund AI platform development, product expansion, and market growth.
Proptech Funding Surges Post-Slowdown
Giraffe360's raise aligns with a proptech rebound, where the sector attracted $2.2B across 65 deals in October 2024. Matterport, a 3D capture leader, went public after raising $163M and was acquired by CoStar Group in February 2025. Giraffe360 differentiates through its subscription-based robotic camera that automates full media kits for agents, contrasting Matterport's enterprise scanning focus.
Agents Need Faster Listing Media
Real estate listings with virtual tours sell faster, driving demand for immersive content amid tight inventory and remote viewing trends. Traditional photography requires multiple visits and tools, slowing marketing. Giraffe360 targets agents and photographers who need comprehensive assets without pro crews.
One-Capture Automates Full Media Kit
The Giraffe PRO camera uses LiDAR and AI to produce HDR photos, 3D tours, ANSI-compliant floor plans, immersive videos, virtual staging, and property websites from a single scan. This bundles hardware with unlimited AI processing for $360/month, minimizing site visits. Unlike smartphone apps, it delivers professional-grade outputs trusted by 10,000 professionals across 30 countries.
As Mikus Opelts, CEO noted:
"Real estate marketing shifts toward AI-powered, immersive, media-rich digital experiences…"
Cipio Leads Growth-Stage Bet
Cipio Partners led the round with participation from prior backers Founders Fund, Hoxton Ventures, and Change Ventures. Cipio targets proven European tech with >€10M revenue and global scale, matching Giraffe360's traction including partnerships with RE/MAX and CBRE. This signals growth capital for a hardware-AI combo amid proptech consolidation.
Nils Matthies from Cipio Partners added:
"Giraffe360 stands out… well positioned to become a category leader…"
Virtual Tours Market Explodes
The virtual tour market stands at $11.1B in 2024, projected to reach $74.4B by 2030 at 37% CAGR. iGuide raised $720K for LiDAR floor plans, while CubiCasa secured $4.6M before acquisition. Giraffe360's all-in-one approach addresses gaps in speed and breadth.
Brothers Scale From Riga Roots
Co-founders Mikus and Madars Opelts started Giraffe360 in Riga in 2016, expanding to UK offices in Manchester and London, plus Miami HQ. Mikus, Forbes 30 Under 30 alum, secured $16M Series A from Founders Fund in 2022. CTO Einārs Deksnis brings robotics experience from RobotNest, powering the PRO camera's automation. The 200-employee team serves 40 countries and earned a spot in the Sunday Times 100 fastest-growing UK tech firms 2026.
AI Features Fuel Global Push
Recent launches like Gemini-powered AI Enhance for virtual staging and Street.co.uk integration signal product momentum. Funds will accelerate these innovations and US/Europe expansion, building on first PRO camera shipments and 1,000+ brand partners.