RendezVerse
, which bills itself as a metaverse-as-a-service platform for hotels and events, is seeking £7.5 in seed funding to scale its business.
RendezVerse says its mission is to
bring physical venues to digital life
by performing more than 100 million site inspections each year across corporate events, conferences, weddings and live venues. It claims its MaaS solutions saves time, money and emissions by drastically reducing unnecessary travel.
With the funding, RendezVerse, which counts WorldwideEvents as a founding shareholder, says it will acquire 3,000 venues and 10,000 users and plans to reach £30 million in sales by 2026.
“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,” says Peter Gould, CEO of RendezVerse and chairman of Worldwide Events.
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“We are elevating virtual tours into the metaverse, bringing a truly immersive experience to the table and revolutionizing 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.”
Adds Mark Brown, COO of RendezVerse: “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.
“Our addressable market of 338,000 hotels and venues is currently unpenetrated, with less than 1% having been digitized. Our market access with Worldwide Events as initial investors, plus proven demand from major hospitality players, shows RendezVerse can lead the way in levelling up the way hotels and event spaces do business in the Web 3 age.”
RendezVerse has received £2,500,000 investment to date. Its customers include Marriott, Atlantis and Hilton.
Correction: This story was updated to reflect that RendezVerse is seeking funding.