RendezVerse, the first metaverse as a service (MaaS) platform for the hotel and events industry, has announced it is raising funds in a seed round to secure £7.5m to scale its platform.
RendezVerse is designed specifically for the hotel and events sector, worth $1.25 trillion. In this industry, 33% of all hotel revenue is event-related, rising to 75% in sector-specific hotels.
RendezVerse says it is their mission to bring physical venues to digital life. With more than 100 million site inspections each year across corporate events, conferences, weddings and live venues, the company’s MaaS solution will save time, money, and emissions by drastically reducing unnecessary travel.
To scale the platform further, RendezVerse is looking to secure £7.5 million which will help the company acquire 3,000 venues and 10,000 users, and reach £30m in sales by 2026.
Peter Gould, CEO of RendezVerse said: “The hotel and events sector is worth $1.25 trillion, and yet venue owners are either performing site visits in person or using video conferencing platforms and mobile phones to conduct remote site inspections. This workflow is unsatisfactory and inefficient, and it’s time to upgrade.
“We are elevating virtual tours into the metaverse, bringing a truly immersive experience to the table and revolutionising how event spaces do business. Through RendezVerse, physical venues are brought into digital life, enabling selling at a distance to be just as effective as in real life.”
Mark Brown, COO of RendezVerse, added: “The world of B2B metaverse experiences is set for rapid growth, with demand for more immersive client experiences and net zero considerations helping accelerate adoption in the hotel and event sector.
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