Investis has bought a 40% stake in Swiss proptech startup YetiVisit, the company said in a news statement. Both companies have agreed not to disclose details of the transaction.
YetiVisit provides an automated online tool to build immersive 360° virtual tours of homes for sale or rental; simply using a smartphone. The company also offers a range of other services including virtual home staging and 3D 360° virtual tours created from floor plans or non-existing properties. It then generates sharing and integration links for use on social media and real estate sites.
All 360° virtual tours are “VR” ready and viewable on most virtual reality masks like the Google Cardboard.
Investis Group was founded in 1994 and offers real estate services across Switzerland. Investis Properties’ portfolio consists almost exclusively of residential properties located in the Lake Geneva region. It was valued at CHF 1 121 million ($1.1 billion U.S.) at 31 Dec. 2017. Investis Real Estate Services has been listed since June 2016.
The investment group acquired a 28.6 percent equity stake in real estate brokerage business Neho in February. The start-up is based at the Federal Institute of Technology in Lausanne. Investis already held an indirect stake in the company through its minority interest in Polytech Ventures Holding SA.