Matterport Acquisition, Valuation, Funding & Investors

Matterport was acquired by CoStar Group for $1.6B in April 2024, a 10.0x multiple on $160M of revenue.

Matterport acquisition price

$1.6B

Acquired by CoStar Group · Apr 2024

Matterport revenue at acquisition

$160M

Last twelve months · Apr 2024

Matterport revenue multiple at acquisition

10.0x

EV/Revenue · Apr 2024

Cumulative funding Matterport raised

$112M

across 6 funding rounds

Matterport Overview

About Matterport

Matterport is a Sunnyvale-headquartered spatial data company that captures and processes 3D models of physical spaces using Pro3 cameras and AI-powered software. Its digital twin platform enables virtual tours for real estate listings, construction BIM workflows, and insurance documentation. Matterport integrates with Zillow, Autodesk, and STRATIS for enterprise applications. Founded in 2011, the NASDAQ-listed firm processes billions of square feet annually across residential, commercial, and public sector properties in over 100 countries.


Founded

2011

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$160M (Apr 2024)

Valuation

$373M (Mar 2019)

Matterport Acquisition

Matterport was acquired by CoStar Group for $1.6B on 22 April 2024.

The acquisition price implies a 10.0x revenue multiple on $160M of revenue.

Before the acquisition Matterport had raised $112M across 6 funding rounds.

Matterport acquisition details
AcquirerDateTypePriceEV/Revenue
22 Apr 2024Strategic M&A$1.6B10.0x

Matterport Valuation

Matterport is currently valued at $373M, based on its Series D in March 2019.

The $48M round included Qualcomm Ventures, Lux Capital, Concrete Venture Capital and DCM Ventures.

Matterport's valuation has grown 1.8x from $203M at its Series C in June 2015 to $373M in March 2019, across 2 priced rounds.

Matterport valuation by funding round

Matterport valuation by funding round
DateStageValuation
Mar 2019Series D$373M
Jun 2015Series C$203M

Matterport Funding History

Matterport has raised a total of $112M across 6 funding rounds.

Matterport's first fundraising round was a $6M Series A in March 2013. The most recent completed round was a $48M Series D in March 2019.

Matterport funding rounds

Matterport funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2019Series DQualcomm Ventures; Lux Capital; Concrete Venture Capital; DCM Ventures$48M$373M-
Aug 2017Series AEricsson Ventures (lead)$5M-Matterport, an immersive media technology company, develops a platform for creating, understanding, and distributing 3D models of real-world spaces. It maintains the world's largest library of 3D space data with over half a million models, fueling deep learning for AI-based computer vision technologies. On August 22, 2017, Ericsson Ventures invested $5 million in Matterport as a strategic investor. This funding brought the company's total announced funding to $66 million. Prior investors include Lux Capital, DCM Ventures, Qualcomm Ventures, AMD Ventures, AME Cloud Ventures, CBRE, Felicis Ventures, GIC, Crate and Barrel founder Gordon Segal, iGlobe Partners, Navitas Ventures, News Corp, and Sound Ventures. Matterport plans to use the funds to accelerate deep learning R&D, extend its end-to-end platform, and expand globally in 3D and VR business solutions.
Jun 2015Series CQualcomm Ventures (lead); Lux Capital; Felicis; GIC; Luminari Capital; iGlobe Partners; DCM Ventures$35M$203MMatterport, a developer of 3D capture technology including the Matterport Pro Camera, 3D Showcase, and Matterport Cloud, raised $30 million in its Series C funding round on June 25, 2015, led by Qualcomm Ventures with participation from DCM Ventures, Felicis Ventures, GIC, iGlobe Partners, Lux Capital, and others. The post-money valuation for this round was $203.24 million, with a price per share of $7.08 and 4,235,733 shares outstanding. The funding aimed to enhance product development, scale operations, support growing demand in real estate, apartment rentals, hotels, construction, and cultural heritage applications, accelerate mobile capture for VR/AR, and launch the Matterport Developer Platform. This Series C brought Matterport's total funding to approximately $56 million at the time, following prior rounds including a $16 million Series B in July 2014 at a $74.5 million valuation and earlier seed funding. The investment leveraged emerging VR headsets like Oculus Rift and Gear VR, as well as mobile 3D sensors from Qualcomm, Google Project Tango, and Intel RealSense, positioning Matterport to build immersive virtual environments accessible anytime. Matterport continued raising capital in subsequent years, including a Series D in 2019 and Series E in 2020, before going public via reverse merger in July 2021 at a $2.3 billion valuation.
Jul 2014Series BDCM Ventures (lead); Qualcomm Ventures; Lux Capital; Felicis; AME Cloud Ventures; AMD Ventures; Gordon Whyte; Greylock; Blake Krikorian; Navitas Capital; Rothenberg Ventures$16M-Matterport raised $16 million in its Series B funding round on July 7, 2014, led by DCM Ventures with participation from AME Cloud Ventures and existing investors including Lux Capital, Felicis Ventures, Greylock Partners, Navitas Capital, AMD Ventures, Qualcomm Ventures, Rothenberg Ventures, Blake Krikorian, and Gordon Whyte. The funding aimed to scale operations, increase market presence, drive innovation in professional-class 3D solutions, and develop consumer-targeted mobile 3D media and apps. Matterport had launched the Matterport Pro 3D Camera, 3D Capture iPad App, Cloud Service, and Web-based Player earlier that year, providing an automated solution for creating photo-realistic, dimensionally accurate 3D models of real-world spaces at a fraction of previous costs.
Sep 2013Series AGordon Whyte; Blake Krikorian; Rothenberg Ventures$3M-Matterport develops 3D scanning technology for capturing immersive models of real-world spaces, starting with its Pro 3D camera launched in 2014. The company, founded in 2011 and part of Y Combinator, focuses on applications in real estate, interiors, and beyond. In 2013, it raised funding across multiple rounds including a $5.6M Series A in March led by Lux Capital with Felicis Ventures, Red Swan Ventures, Greylock, and Qualcomm Ventures, and an additional nearly $4M also noted around that time. A $2.8M Series A-1 round brought total capital raised to $10M, though specific investors like Blake Krikorian, Gordon Whyte, and Rothenberg Ventures are not detailed in available announcements.
Mar 2013Series ALux Capital (lead); Red Swan Ventures; Qualcomm Ventures; BoxGroup; Felicis; Greylock; Rothenberg Ventures$6M-Matterport raised $5.6 million in a funding round announced on March 7, 2013, led by Lux Capital with participation from Felicis Ventures, Red Swan Ventures, Greylock, Qualcomm Ventures, and undisclosed Silicon Valley angel investors. This followed a $1.6 million seed round after Y Combinator's winter 2012 class. The funds supported scaling production and launching Matterport's 3D camera and interactive web platform for creating and sharing digital scans of real-world environments.

Who has invested in Matterport?

18 investors have backed Matterport across its funding rounds, including Lux Capital, Qualcomm Ventures, Felicis, DCM Ventures, Rothenberg Ventures and Greylock.

Lead investors include Ericsson Ventures, Qualcomm Ventures, DCM Ventures and Lux Capital.


Matterport Investors

Investors in Matterport by funding rounds participated
InvestorHQRoundsRoleFirst check
Qualcomm VenturesUnited StatesSan Diego, CA4LeadMar 2013
Lux CapitalUnited StatesNew York City, NY4LeadMar 2013
FelicisUnited StatesSan Francisco, CA3ParticipantMar 2013
Rothenberg VenturesUnited StatesSan Francisco, CA3ParticipantMar 2013
DCM VenturesUnited StatesSan Francisco, CA3LeadJul 2014
Gordon WhyteUnited StatesChicago, IL2ParticipantSep 2013
GreylockUnited StatesSan Francisco, CA2ParticipantMar 2013
Blake KrikorianUnited StatesSan Francisco, CA2ParticipantSep 2013
Red Swan VenturesUnited StatesNew York City, NY1ParticipantMar 2013
BoxGroupUnited StatesNew York City, NY1ParticipantMar 2013
GICSingaporeSingapore1ParticipantJun 2015
AME Cloud VenturesUnited StatesSan Francisco, CA1ParticipantJul 2014
Concrete Venture CapitalUnited KingdomLondon1ParticipantMar 2019

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Acquisitions by Matterport

Matterport has acquired 4 companies to date.

Last acquisition by Matterport was on July 7th 2022. Matterport acquired VHT Studios for $23M.


Latest Acquisitions by Matterport

VHT Studios
Enview
Arraiy
Virtual Walkthrough
Description
VHT Studios is a Chicago-headquartered provider of real estate photography and virtual media services. The company captures high-resolution images, floor plans, 3D tours, and videos for listings on Zillow, Realtor.com, and brokerage sites. Serving top agents from Keller Williams and Compass, its network of 5,000 photographers nationwide delivers content within 24 hours, correlating to 32 percent faster sales and five percent higher prices per MLS data.
Enview is a 3D geospatial analytics company that maps global infrastructure for energy and government sectors. Its solutions integrate remote sensing, computer vision, and big data to deliver predictive threat assessments for pipelines, power plants, and military sites. Headquartered in the United States, Enview equips customers with 3D models to identify vulnerabilities like encroachments and sabotage risks before they escalate into incidents.
-
Virtual Walkthrough is a real estate technology firm enabling full property virtual tours online. The platform connects buyers with buildings via social media, mobile devices, and email, providing real-time access for global sellers to deliver immersive buying experiences.
HQ CountryUnited StatesUnited StatesUnited StatesUnited Kingdom
HQ City
Los Angeles, CA
San Francisco, CA
-
London
Deal Date7 Jul 20226 Jan 202210 Jul 201914 Jul 2016
Valuation$23M$71Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Matterport

Matterport has invested in 1 company to date.

Latest investment by Matterport was on December 8th 2021. Matterport invested in Perchwell in their $15M Series A round.


Latest Investments by Matterport

Perchwell
Description
Perchwell is a New York-based data platform for residential real estate, providing market analytics, comps, and workflow automation for agents and brokerages. It aggregates MLS data with proprietary insights for pricing, lead generation, and transaction management across Manhattan and Brooklyn.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date8 Dec 2021
RoundSeries A
Raised$15M
InvestorsCalifornia Regional MLS; Lux Capital; Founders Fund
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Matterport Competitors

Matterport competitors include listed companies like Sun Corp. and HTC, and private ones like MindMaze, Spree3D, XPANCEO and INMO Glass.

Public and private companies comparable to Matterport
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MindMazeSwitzerlandLausannePrivate$8M-$1.5B187.5x
Spree3DUnited StatesLake Tahoe, NVPrivate--$1.5B-
Sun Corp.JapanJapanPublicly listed$64M-$1.4B22.2x
XPANCEOUAEDubaiPrivate--$1.4B-
INMO GlassChinaShenzhenPrivate--$2B-
HTCTaiwanTaiwanPublicly listed$91M$22M$1B6.9x

Matterport Public Comps

Matterport is no longer listed, but its public comps include Sun Corp., HTC, Kopin, Cover, Surgical Science, Vuzix, GOLFZON Gold, Kudan, Orbbec and Snap.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sun Corp.$64M-21.8x22.2x--
HTC$91M$22M6.8x6.9x27.7x(6.2x)
Kopin$38M$3M22.2x15.6x338.7x(97.7x)
Cover$317M$34M1.9x1.9x17.6x9.8x
Surgical Science$101M$18M1.9x1.9x11.2x9.4x
Vuzix$6M($29M)35.9x33.9x(7.7x)-
GOLFZON Gold$258M$40M1.3x-8.6x-
Kudan$8M($1M)12.1x13.3x(79.7x)-

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Common questions about Matterport

When was Matterport founded?Matterport was founded in 2011.
Where is Matterport headquartered?Matterport is headquartered in San Francisco, CA, United States.
Is Matterport publicly listed?No, Matterport was acquired by CoStar Group in April 2024.
Who acquired Matterport?Matterport was acquired by CoStar Group in April 2024.
How much was Matterport acquired for?Matterport was acquired for $1.6B in April 2024, a 10.0x revenue multiple.
What is Matterport's valuation?Matterport was last valued at $373M in its Series D in March 2019.
How much funding has Matterport raised?Matterport has raised $112M across 6 funding rounds.
What was Matterport's last funding round?Matterport's last funding round was a $48M Series D in March 2019.
Who are Matterport's investors?Matterport's investors include Qualcomm Ventures, Lux Capital, Felicis, Rothenberg Ventures, DCM Ventures, Gordon Whyte, Greylock, Blake Krikorian, Red Swan Ventures, BoxGroup and 8 others.
Which companies are comparable to Matterport?Companies comparable to Matterport include MindMaze, Spree3D, Sun Corp., XPANCEO, INMO Glass and HTC.
How many companies has Matterport acquired?Matterport has acquired 4 companies, including VHT Studios, Enview, Arraiy and Virtual Walkthrough.
What was the largest acquisition by Matterport?The $71M acquisition of Enview in January 2022 is the largest acquisition Matterport has made to date.
How many companies has Matterport invested in?Matterport has invested in 1 company, including Perchwell.
What was Matterport's last investment?In December 2021, Matterport invested in Perchwell's $15M Series A alongside California Regional MLS, Lux Capital and Founders Fund.

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