Inflight VR pockets €4M funding in largest equity round: 5 interesting things to know

Inflight VR pockets €4M funding in largest equity round: 5 interesting things to know

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Bringing Virtual Reality (VR) technology to airplanes is not impossible. However, the complexity in the aircraft environment requires some conditions to be met. Inflight VR operates with the mission to make this possible by bringing unique technology onboard the aircraft as a new way of inflight entertainment.

Heads up abut Inflight VR!

Founded in 2014 by Nikolas Jaeger, Moritz Engler and Elena Kokkinara in Munich and Barcelona, Inflight VR has a multinational team of VR experts working towards developing a unique solution, which serves the needs of transportation companies with the deployment of a high-quality and immersive VR entertainment system. This is possible with its standalone VR headsets.

Secures €4M funding

In a recent development, Inflight VR has announced the closure of its largest equity financing round to date raising over €4 million. The fresh capital will be used to support further roll outs with multiple clients across industries and use cases. It will also let the company generate valuable data about business models, user behaviour, and content performance.

A look at its investors

The investment comes from existing shareholders, Venture Capital firms including CBC Investments and Motu Ventures and new investors such as Dr. Carsten Berrar, Partner at Sullivan & Cromwell and Stefan Lauer, a former Executive Board Member of Lufthansa. Notably, Notably, Carsten Berrar was named Transatlantic Dealmaker of the Year at the Transatlantic Legal Awards 2018.

Gets a new CMO!

Besides the funding, Inflight VR also filled the crucial position of a Chief Marketing Officer by hiring Matthias Walther. He has had two decades of experience in strategy, business development, and communications experience at Panasonic Avionics, Rockwell Collins, Lufthansa, and Condor. The company aims to Make Virtual Reality a Business Reality with these moves.

Early adopters of Inflight VR

Inflight VR has been deployed on lounges, buses, and airlines in Europe, Asia, North America, and the Middle East. Lounge operators such as Star Alliance and Aviapartner, airlines including Singapore Airlines, Jin Air, Iberia, SunExpress and EL AL use this service. Also, FlixBus, which is the largest long-distance bus service provider in Europe is also an early adopter of this technology.

Stay tuned to Silicon Canals for more updates in the tech startup world.

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