InflightVR closes their equity funding round at a total of 4 million EUR. Funding for the Munich-based company comes from Moto Ventures and CBC Investments who are existing shareholders. Additional investors include Stefan Lauer and Dr. Carsten Berrar.
New Use Cases
So far, Inflight VR has worked with airlines, buses, and lounges. Already the startup has tested their VR-based entertainment system with customers such as Flixbus, AviaPartner, Star Alliance, Iberia, Jin Air and Singapore Airlines.
With the newly acquired investment, the company plans to open new accounts in different industries. This will grow the business and provide more opportunities for tracking performance and behavior across use.
Making Virtual Reality a Business Reality
The company was founded in Munich and has operational headquarters in Barcelona. Since 2014, the company has been working to implement virtual reality tools to improve customer experiences.
“Our role is two-fold: First, we are educating customers about the benefits of VR and then we deliver. We make today’s most emerging technology work. Our thorough approach addresses all technical, commercial, logistic, usability and rights management aspects to make this a seamless way for customers to amaze their passengers and build a closer relationship to their brand” said CEO and Co-Founder Moritz Engler.