Lille Giroptic raises $ 4.5 million to develop 360 degrees

by bold-lichterman

The amount

Giroptic, a French start-up based in Lille that is developing a 360-degree camera, has just raised $ 4.5 million from Partech Ventures, its historic shareholder Finorpa, and 360 Capital Partners, SOSV and business angels including Oleg Tscheltzoff (founder of Fotolia) and singer Aloe Blacc. This new operation brings its funding round to $ 6 million.

Last year, the company was noticed on the American crowdfunding platform Kickstarter by raising more than $ 1.4 million from more than 3,000 backers.

The concept

Founded in 2008 by Richard Ollier (in article photo), Giroptic develops a camera that takes photos and films 360 degrees in high definition quality, without the user having to process the images themselves. A product which required 7 years of research and development and which is marketed today for 499 dollars.

“Without the need for treatment and with live broadcasting on VR tablets and headsets (virtual reality, editor’s note) – and even on Facebook and YouTube – the immersion is surreal. A single film can be viewed hundreds of times without seeing the same thing ”, declares Romain Lavault, general partner of Partech Ventures.

The market

With this product, the start-up based at the Euratechnologies cluster in Lille targets individuals, such as athletes for example, but also many sectors such as surveillance, the media or even real estate (to visit apartments in 360 degrees). It targets, more broadly, the virtual reality market.

Watch the interview with Richard Ollier, shot in 2014 as part of the documentary We Love Entrepreneurs, directed by Frenchweb:

Founder: Richard ollier

Creation: 2008

The head office : Lilles

Activity: 360 degree camera

Funding: $ 6 million raised