Digital+ Partners leads $35.5m series-C for NavVis

Japanese corporate Kozo Keikaku Engineering also took part in the financing alongside existing investors MIG, Target Partners and BayBG.

Digital+ held a final close on €350m for its debut fund in July 2018, by which time the vehicle was 17% deployed.

The fresh capital will be used to accelerate the growth of its corporate client base, specifically with companies that use so-called digital twin technology to monitor real assets using a virtual proxy.

Previous funding
BayBG and MIG invested in NavVis's series-A funding round in 2014 at an undisclosed valuation, and both reinvested alongside Target Partners in the company's €7.5m series-B in 2015.

Company
NavVis is a 3D mapping and indoor navigation service, covering buildings such as airports, train stations and shopping malls. Its software can be used for fire protection, insurance and during the construction process, as well as for navigation. The company span out of the Technical University of Munich in 2013 and now employs 165 people across its offices in Munich and Shanghai.

People
NavVis – Felix Reinshagen (co-founder).

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