Munich startup NavVis receives EUR 7.5m investment

Well-known investors are convinced of the technology being developed by NavVis GmbH. This ESA BIC alumnus, which has devised a type of Google Street View for indoor environments, just secured EUR 7.5 million in a round of financing.

NavVis's new investors are VC Target Partners and Google's Don Dodge, a prominent business angel. Also participating in the financing round were current investors Bayerische Beteiligungsgesellschaft BayBG, MIG Fonds, and the former McKinsey and Microsoft managers Lothar Stein and Jürgen Gallmann.

NavVis GmbH
NavVis brings indoor mapping and positioning to the next level. Their trolley creates photorealistic 3D models of even the largest indoor spaces on the go. Explore them with their web-based IndoorViewer for virtual exhibitions, real estate presentations, construction monitoring, etc. Via these models, their patented indoor positioning engine lets the camera of your smartphone ''see'' where you are. Meter accurate and without any infrastructure. Just like GPS for outdoors, this technology is an enabler for the indoor market, incl. navigation, augmented reality, context aware ads, and a myriad more.

ESA Business Incubation Centre Bavaria
NavVis was incubated at the ESA BIC Bavaria from September 2014 to September 2015. The ESA BIC Bavaria seeks entrepreneurs using space technologies in a non-space environment. That doesn't mean rocket science, but applies to multiple application fields such as navigation and positioning, communications techniques, Earth observation, materials, processes, signals or robotics.

ESA's Business Incubation Centre Bavaria was launched in 2009 and is since managed by Anwendungszentrum GmbH Oberpfaffenhofen (AZO). ESA BIC Bavaria and its renowned partners - DLR, Airbus Defense and Space, Fraunhofer IIS and Wirtschaftsförderungsgesellschaft Berchtesgadener Land - provide startups with financial and technical support at four branch offices: Oberpfaffenhofen, Ottobrunn, Nürnberg and Berchtesgadener Land.

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