Inflight VR has reached a very crucial milestone in its growth story setting up the company to succeed with its mission to provide businesses in various travel industries with Virtual Reality entertainment solutions.
Eight customers in the first year of operations have proven the technology works and passenger feedback of over 95% positive sentiment demonstrates Inflight VR’s role as a game changer in passenger experience and contributor to its customers’ Net Promoter Score.
As a result, Inflight VR successfully closed its largest equity financing round to date, resulting in an overall total of over €4M funds secured.
The funds are intended to support further roll outs with multiple clients across different industries and use cases and to generate valuable data about content performance, user behavior and business models.
The funds origin mainly from existing shareholders, Venture Capital firms such as Motu Ventures and CBC Investments. In this round they were joined by new high profile investors such as Stefan Lauer, a former Executive Board Member of Lufthansa and Dr. Carsten Berrar, Partner at Sullivan & Cromwell and winner of the 2018 Transatlantic Dealmaker of the Year Award.