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Startbase: Bryan Garnier & Co supports rooom in financing round of 17 million euros

Read the article [German]

The investment bank Bryan, Garnier & Co specializes in European growth companies and provides financing advice along the entire corporate life cycle. In rooom AG's successful financing round, Bryan, Garnier & Co acted as a supporting partner. Despite declining transactions in the market for metaverse and virtual reality solutions, the Jena-based 3D software company was able to acquire €17 million. The consortium, led by Marondo Capital, a Munich-based financial investor, includes institutional investors such as Technologiegründerfonds Sachsen (TGFS), bm-t Beteiligungsmanagement Thüringen and existing investors.

Hans Elstner and his team have developed a technology for creating 3D content that is globally competitive. Users can explore virtual worlds and 3D objects using only their smartphones, without special apps or virtual reality glasses.

Sebastian Schirl | Managing Director at Bryan, Garnier & Co

Gartner, the global research and consulting firm in the IT sector, has already awarded rooom the title of "Top Management Solution Provider" and "Cool Vendor". According to forecasts by management consultants Bain & Company, the market for metaverse solutions and virtual experiences has the potential of reaching a volume of 700 to 900 billion US dollars by 2030.

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