Vizerra Secures 4m Euro First Round Funding - an Amazing Success for Russian Young Technology Company Going International
Vizerra (3Dream Team Inc.) has just secured 4m euro first round funding, which will be used to help the company expand into the US market and develop its 3D, interactive, photo realistic, architectural and virtual tourism software platform and production studio.
The company’s head production office is in Skolkovo (Russian Silicon Valley area), Moscow Region, Russia, while Marketing and Business development departments are US-based (offices in Atlanta and California). Vizerra also has its partners’ network in Brazil and Europe.
The 4m euro equity funding was provided by the Solway Investment Group in exchange for shares in the company valuing the startup at more than 16m euros. The Solway Investment Group projects a 3x time return on investment, although the Founder and the Angel Investor have an option of getting back the shares in case the Company meets the Business Targets within next two years. If that happens, the initial valuation of the Company will be 80m euros.
The money which will be dispersed will be used to complete the software development, allowing third party interactive design studios and architectural practices to use the software to create their own interactive 3D photo realistic renderings. Then by utilizing the Vizerra software the studios can publish content to any and all end user environments such as PC, Mac, web browsers and ultimately mobile devices.
Currently trading in Russia, USA, the Czech Republic and Spain, the company has already earned the trust of such clients like City Government of Barcelona, a Foundation for Development of the Center of Research and Commercializing of New Technologies in Skolkovo, Skolkovo Moscow School of Management, Gazprom, Organizing Committee of the XXII Olympic Winter Games and XI Paralympics Winter Games of 2014 in Sochi etc. Investment will allow the company to expand its operations to selected countries in Western Europe and develop the business in the US.
“Whilst we acknowledge that there are a few well established photorealistic rendering 3D software companies serving the gaming or architectural markets, the unique selling proposition for the Vizerra Platform and Ecosystem is speed to create, cost of production and size of file vs. quality of rendering”, says Vizerra CEO Arman Gukasyan.
"Having spent almost four years working as the head of strategy and investment for the European Bank for Reconstruction and Development (EBRD) specializing in the telecoms, media and technology sector, prior to joining as COO of Vizerra, I know just how hard it is for pre revenue companies to attract 'smart money.' This series A round has been a great success for Vizerra, and it demonstrates that Russian companies can take on international TMT markets and compete not just for customers but for exclusive funding as well", said Vizerra COO Nicholas Jeffery.
About Solway Investment Group
Solway Investment Group is a private diversified group of companies with core activities in mining, non-ferrous metals, chemicals, the cement industry and real estate. The Group’s main business is being conducted in the CIS countries, Central and Eastern Europe, Latin America, Africa and Australia. The largest investments are: the largest ferronickel producer in Europe - Pobugsky Ferronickel Plant (Ukraine), the leading lead and zinc mine in Europe – SASA, the world class nickel project in Indonesia – Aquila Nickel and others. Solway Group founded its own private equity fund with total committed resources over USD 200 million in the second half of 2008 in response to the increasing number of investment opportunities in various sectors outside the Group's core competence. In accordance to the financial results as at 31/12/2010 total assets under management of Solway Group exceeded $1,2 billion.
Vizerra is a team of professional software developers building photorealistic, interactive 3D content and applications. Vizerra fundamentally changes the process of the decision making in the following areas: architecture, urban/city planning, product design and virtual tourism. Vizerra projects allow our clients to make their decisions, attract new investments, win tenders, influence design process to avoid costly mistakes and attract new customers.