Auxano Capital and She Capital also have participated in the funding round
Trezi will use the fresh capital for product development and market expansion
Including the current fundraising, the startup has raised more than $3 Mn funding to date
Virtual reality (VR) startup Trezi has secured more than $2 Mn in a Series A funding round led by World V and YourNest Venture Capital.
Auxano Capital and She Capital also have participated in the funding round.
In a press statement, Trezi said it is going to use the proceeds of the fund in product development and market expansion. Including the current fundraising, the startup has raised more than $3 Mn funding to date.
The development comes four years after Trezi secured $1.45 Mn in Pre-Series A funding round led by YourNest Venture Capital; Indian Angel Network or IAN Fund too participated in the round.
Founded in 2019 by Tithi Tewari and Gautam Tewari, SmartVizX is a parent company of Trezi, a VR platform startup that connects architects, designers and construction engineers with product manufacturers.
Trezi shared that it operates a SaaS model and allows its clients to upload architectural models for viewing, editing and remote collaboration in real time.
“Having started as purely a design communication enhancing product, Trezi’s offerings have expanded based on customer needs. This is what makes it a truly relevant product with a metaverse-based play for our industry. The kind of customers that use Trezi only strengthens this view further. We are excited about the next phase of growth,” said Tithi Tewari, managing director of Trezi.
The startup counts Schneider Electric, GMR, NCRTC, St Gobain, Orient Bell, The White Teak Company and Blue Star, among others as its clients.
Its cap table includes IAN Fund, Indian Angel Network (IAN), Rockstud Capital and Stanford Angels and entrepreneurs, among others.
“We believe in Trezi’s vision of revolutionizing the way architects, designers, and construction engineers collaborate with product manufacturers through their innovative metaverse-based platform. This investment reflects our commitment to supporting promising and forward-thinking women-led companies in the technology space, and we are excited to see what the future holds for Trezi,” said Anisha Singh, managing partner of She Capital.
In India, it faces competition from the likes of Chimera and Foyr, among others.
According to a Statista report, India’s augmented reality and virtual reality market is anticipated to reach $624.30 Mn mark in 2023. The sector is expected to grow at a CAGR of 14.63% during 2023-27.
