Additional funding of 1.5 million euros is raised by the start-up.
Tech start-up Fectar, which is an augmented and virtual reality platform, announced to successfully achieved 3 Million app installations worldwide. With this unprecedented response, the startup is becoming one of the largest platforms worldwide where businesses, schools and consumers can publish, view and share interactive 3D content for both augmented and virtual reality (AR and VR).
Marketing Technology News: Black Knight to Acquire Top of Mind Networks, Adding AI-Driven Marketing Automation to Integrated…
The company also announced a successful financing round and to have raised 1.5 million euros in growth capital. The growth capital is funded by both existing and new investors and underlines Fectars market approach. The borrowing requirement was largely exceeded and more capital has been raised than initially envisaged. Because the technology for augmented reality is present on most phones and tablets, the potential reach of Fectar is enormous. Already the app is used in almost all countries in the world. Companies and organizations use the platform for instance for virtual events, training courses and presentations in 3D.
With accelerated growth and a good financial basis, Fectar is on its way to series A financing towards the end of 2021. This series A round will give the company an even greater boost to its ambition and become the most used app worldwide for experiencing interactive augmented and virtual reality. The unique insights that Fectar obtains from the current users are very valuable in this fast-growing market and make Fectar the ideal partner who knows exactly how content in AR / VR can be optimally presented for educational purposes and commercial goals.
Marketing Technology News: MarTech Interview with Lauren Weinberg, Global Head of Marketing and Comms at Square