Three Space Lab Secures $3M to Transform Real Estate
Deal News | Aug 19, 2025 | PR Newswire Cision Three Space Lab
Three Space Lab, a company specializing in virtual reality (VR) solutions for the luxury real estate market, has secured $3 million in seed funding to enhance its platform's offerings. Founded by Scott W. Greenwald, Ph.D., a former MIT research scientist, the company aims to revolutionize the homebuying process by providing ultra-realistic, immersive real estate visualizations. This funding round, led by Switzerland-based Arminius Verwaltung, will help Three Space Lab expand its global sales team and leverage artificial intelligence (AI) to improve the sophistication and cost-effectiveness of its offerings. The company plans to expand into key hotspots such as Miami, St. Tropez, and Dubai, signaling significant growth in North America, Europe, and the Middle East. The global proptech market is estimated to grow to $133 billion by 2032, which highlights the strong growth potential for companies like Three Space Lab.
Sectors
- Proptech
- Virtual Reality (VR) and Artificial Intelligence (AI)
- Luxury Real Estate
Geography
- United States – The article mentions expansion plans for Three Space Lab in locations such as Miami, indicating geographical relevance to the United States.
- Switzerland – Switzerland-based Arminius Verwaltung led the seed funding round, highlighting the country's involvement.
- Europe – Three Space Lab is eyeing expansion into Europe, focusing on regions like St. Tropez as key market targets.
- Middle East – The company's expansion plans include Dubai, linking the article to the Middle East region.
Industry
- Proptech – The article discusses a company operating in the proptech sector, focusing on how technology, specifically VR, is revolutionizing the real estate market.
- Virtual Reality (VR) and Artificial Intelligence (AI) – The company leverages VR technology to create immersive real estate experiences and plans to integrate AI to enhance its offerings.
- Luxury Real Estate – Three Space Lab operates within the luxury real estate industry, providing high-end VR visualizations to enhance the buying experience.
Financials
- $3 million – The amount raised by Three Space Lab in its seed funding round.
- $34 billion – Estimated value of the global proptech market in 2024.
- $133 billion – Projected value of the global proptech market by 2032.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Three Space Lab | Target | Company | A company pioneering AI-driven VR solutions for luxury real estate. |
| Scott W. Greenwald | Founder | Person | The founder of Three Space Lab and a former MIT research scientist. |
| Arminius Verwaltung | Investor | Company | A Swiss company that led the seed funding round for Three Space Lab. |