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VRdirect

Enterprise Virtual Reality platform

Germany
Market: Internet and IT, Information and media, Education, training, Entertainment, Virtual and Augmented Reality
Stage of the project: Operating business

Date of last change: 12.11.2019
Min investment
$  500.000
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Total required
$ 3.000.000
Rating
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Idea

VRdirect enables enterprises to get started with Virtual Reality projects: + No coding skills required + Instant publishing to any device + Real-time content updates. Supports VR uses cases ranging from Marketing & Sales, Indoor Digitization to Training & Onboarding. Siemens, Porsche, Lufthansa and many other use the platform on a daily basis.

Current Status

VRdirect is operational since 2 years now. We have acquired >2,5m EUR in investment from Business Angels (Flixbus-Founder, Dr. Marcus Englert, Peter Schaberger, Burc Hesse any others) as well as Bayerische Beteiligungsgesellschaft (Bay BG). We have succesfully launched the platform and generated 350k EUR in the first year. We have managed to convince clients like Siemens, Lufthansa, Porsche, E.ON and many more to use our platform.

Market

The market of Enterprise VR solutions is huge. Depending on Research institute, its a 3bn USD to 150bn USD market.

Problem or Opportunity

In the past, enterprises needed agencies or other 3rd party service provider to help them deliver Virtual Reality projects. This was costly and complex. With VRdirect, enterprises can build internal expertise to deliver VR projects.

Solution (product or service)

VRdirect offers and end-to-end solution for enterprises to get started with Virtual Reality. The workflow allows for easy content creation (authoring), upload and cloud hosting as well as flexible distribution via Web Player or Native (Whitelabel) App.

Competitors

Our USP is superior tech combined with the best user experience. We are not aware of any competitor with a similar well proposition. Competiors, who attempt to offer a similar solution are InstaVR, Pixvana and mobfish.

Advantages or differentiators

USP:
- Best offer for enterprise clients / Use Cases
- Cloud based hosting allows for real time publishing to almost any device
- Easy to use workflow that requires no prior skills

Finance

We generated EUR 350k in revenue in the first year and are looking to pass 1m EUR in Revenue in 2020.

Business model

We operate an IT licence model, which is sold in a key account / direct sales approach as well as a fully automated SaaS sales model via the website.

Money will be spent on

- Building a global sales team
- Product development
- Traffic and content marketing

Offer for investor

VRdirect offers a great investment opportunity for investors, who believe that the Enterprise Virtual Reality market is ready to scale. VRdirect is clearly the best technology in this space and ready for global roll-out.

Risks

VRdirect is a tech game - we need to be fast to stay ahead of competition.

Incubation/Acceleration programs accomplishment

Deutsche Telekom Techboost

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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Product Video
Website address