SaaS, VR, Immersive, Travel, PaaS
Business Model: B2C
Revenue: $0
Employees: 1-10
Address:
City: Tbilisi
State: Dushet&s;is Raioni
Zip:
Country: Georgia
VRex is creating a VR content marketing platform that connects travelers to destinations using immersive experiences. The platform enables resorts, travel agencies and content creators to reach more viewers and increases customer engagement and bookings in turn. Problem • Competition for the 1.3 BB people who travel each year is increasing, leading resorts and agencies to seek unique methods to lure travelers to their destinations. • Travel industry professionals find it difficult to develop and use immersive content (VR) as a sales/marketing tool. • VR hardware market is booming, but there is hunger for content. Solution Our VR platform helps travel professionals and service providers reach more customers worldwide and communicate their sales points in an interactive immersive experience of travel destinations thereby increasing bookings by 180%. It also empowers the marketing pipeline and enables our corporate customers to track the performance of agents in their network and/or behavior and decision-making of VR users. The platform offers VRex Box, a turnkey VR exhibition solution our customers use at expos and sales offices. It is an all-in-one VR device shaped as a regular suitcase and under 10 minutes it is transformed into an interactive VR stand with preloaded VR experiences. Another product our platform offers is VRex Go, an Oculus Go app connected to our platform, loaded with the same content and functionality as VRex Box. VRex Go is perfect for meetings, sales desks and presentations. Validation More than 10 governmental bodies in Georgia currently successfully use our solutions. VRex Box is used for promotion of “Georgia Travel”, national parks and Wine chateaus in Georgia worldwide. We have created VR experience stands for wheelchair users and persons with disabilities at two of Georgia’s cultural heritage sites.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2018 | Non Equity Assistance | 1 | $40.4k |
Georgia&s;s Innovation and Technology Agency Georgia&s;s Innovation and Technology Agency |
11/2016 | Pre Seed Round | 1 | $16.5k |
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Georgia&s;s Innovation and Technology Agency Georgia&s;s Innovation and Technology Agency |
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