Inflight VR announces its most successful financing round to date. The Munich-based startup has raised a total of €4 million from existing investors such as Motu Ventures and CBC Investments, as well as new investors such as former Lufthansa Chief Human Resources Officer Stefan Lauer and Carsten Berrar of the law firm Sullivan & Cromwell.
Since its founding in 2014, In-flight VR of virtual reality applications, including for the aviation industry. With its virtual reality in-flight entertainment system, the startup has not only impressed its first customers, but also attracted both existing and new investors. The startup has raised €4 million in its current financing round. The VR company plans to use the fresh capital, among other things, to identify new use cases for its development—including in other industries.
In addition to the existing investors Motu Ventures and CBC Investments, new faces have also invested: Stefan Lauer, former Lufthansa HR manager, and Carsten Berrar, partner at Sullivan & Cromwelland.
Inflight VR with dual function
As customers, Inflight VR has already had Aviapartner and Star Alliance, Iberia, Jin Air, Singapore Airlines, SunExpress and Flixbus convince yourself.
Moritz Engler, Co-Founder and CEO of In-flight VR, on the self-image of his company:
"Our role is two-fold: First, we are educating customers about the benefits of VR and then we deliver. We make today's most emerging technology work. Our thorough approach addresses all technical, commercial, logistic, usability and rights management aspects to make this a seamless way for customers to amaze their passengers and build a closer relationship to their brand."
