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DigsFact LLC

Work Remote w/ 3D Virtual Tours - Using Smartphone Only

USA, Illinois
Market: Real estate, Insurance, Tourism, sport, Virtual and Augmented Reality, Mobile applications
Stage of the project: Operating business

Date of last change: 19.05.2020
Min investment
$  50.000
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Total required
$ 750.000
Rating
equalizer из 1000
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Idea

Enable anyone to digitally create, measure, view, inspect & experience any 3D space such as Real Estate, Tourist Spots, Scenic Views, Places of Interest, etc., in minutes - using only your smartphone

Use Cases:
- Real Estate: Drive Higher Occupancy/Revenue, Maximize Engagement & Reduce Time in Market
- Insurance & Restoration: Remote Underwriting, FNOL, Claims Inspections
- Lending: Inspect & Appraise Remotely, Reduce Time in the Field, Enhance Data Quality & Reduce Mortgage Default Risk
- Hospitality, Travel & Tourism: Increase Occupancy & Revenue, & Enhance CX

Current Status

The product is LIVE and we are currently focusing on customer acquisition, globally.

Market

We are targeting customers GLOBALLY.

Anyone who rents, owns a property, travels, or may apply for a loan on a residential or commercial property is our potential user.

We mostly target other businesses to get to our end users. Our typical B2B customers are:
- Real Estate Brokers and Agents
- Landlords of Rental Properties
- Hotels & Resorts / Airbnb / VRBO / Booking.com / Homeaway / etc
- P&C Insurance Companies
- Lenders in P&C space

Problem or Opportunity

The ability to do some of the key functions REMOTELY, without the hassle to buy expensive cameras and hiring professionals, which is fast, affordable and scalable.

Some examples are:
- REMOTE Underwriting inspections, claims adjustment and inspections, FNOL (first notice of loss)
- REMOTE Appraisal for new and refinanced loans on residential & commercial properties
- REMOTE Walkthroughs, Open Houses for properties on SALE or RENT

Solution (product or service)

We have built our "DF VTour 3D" mobile app for iPhones (Android app to be launched in second half of May 2020) which enables anyone to:
- create a 3D virtual tour,
- capture the property dimensions,
- add custom tags
- share on any web, social media, etc

Our mobile app, with on-screen instructions, gives anyone the ability to DIY a complete 360º virtual tour, when needed. It takes less than 20 minutes to create the virtual tour & share it with their Real Estate Agent, Lender, Insurance Company, customers of hotels/airbnb hosts/vrbo hosts

Here's a demo of our UX:
https://youtu.be/yPlAxuJ9zm4

Competitors

Some of our key competitors in this space are Matterport, Ricoh, and Zillow.

Advantages or differentiators

Key Differences with Matterport & Ricoh:
- Requires smartphone only. No need to buy expensive cameras
- No need to hire a professional to create the virtual tour for you
- Virtual Tour is created within minutes, compared to 24-48 hours for Matterport/Ricoh
- Virtual Tour resides on the cloud. 1-click share on any web, social media, etc
- 95% more cost effective

Key Differences with Zillow:
- Available to all agents and brokers vs only Zillow's agents
- 1-click share on any web, social media, etc
- Captures dimensions
- 95% more cost effective

Finance

We have the following subscription model for each user profile:
$1 / Virtual Tour / Month

Business model

We work with companies to understand their average monthly or annual volume and based on that, we give them a pricing, which may be better than our standard retail pricing of $1 / Virtual Tour / Month

Money will be spent on

Marketing, Product Enhancement, Recruiting

Offer for investor

Depends on if the investor comes only with money or strategic connections that helps us grow quickly in the industries listed above, in the "Idea" field

Team or Management

Risks

The key risks are not scaling fast enough to capture the market share as quickly as possible, because 3D Virtual Tours are the next 2D photographs and will be commonly available within the next few years. Companies who enter early and dominate the market will be the leaders for years to come

Incubation/Acceleration programs accomplishment

Not Applicable

Won the competition and other awards

N/A

Invention/Patent

Patent Pending

Photos

Photo 1 - Work Remote w/ 3D Virtual Tours - Using Smartphone Only

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video