Walkthrough, a virtual real-estate company, has just closed another round of investment to continue it’s growth and expansion in the real-estate market. Since it’s last round of funding in January 2016 the company has seen consistent revenue growth of 20%-30% month over month, seeing it’s VR platform in use by multiple offices and having it’s product adopted in multiple cities across the country.
The company focuses on eliminating the most time consuming part of the real estate shopping experience which is the touring of homes. Walkthrough has partnered with LIV Sothebys, Wisdom Real Estate, and Century21 to help buyers virtually “Walkthrough” properties and save them the valuable hours in a day.
“Although there currently aren’t enough of the active homes in the database for it to make sense for consumers, agents within brokerages are already using the VR experience to understand what homes their brokerages’ have on the market,” said Pascal Wagner, CEO of Walkthrough.
“Imagine that your real estate agent travels to a couple different properties per month, if not on a weekly basis in order to stay up to date with what is on the market. Instead, agents are now beginning to use our fully immersive VR experience within their brokerage to save themselves the time and the money of travel while literally feeling as if they are touring inside each home.
I think this is a pretty big deal for the virtual reality industry because we’re proving real business use cases with the technology. Many great technologies needed business use cases to get good enough before the masses would follow on and adopt them. We’re definitely on to something here.”