VTS – Virtual Technology Simplified Secures Funding for Growth
Virtual Technology Simplified Closes Oversubscribed Funding Round
Brighton, Michigan; July 26, 2021 – Virtual Technology Simplified, led by CEO/Founder John Chwalibog, closed its first round of funding on July 15th. The raise was sponsored by V&R Capital. After a momentous kick off when the 7-figure raise minimum was exceeded within 30 minutes of accepting indications of interest, the funding round was oversubscribed at close. Individual and institutional investors spanning the nation participated in funding this next phase of VTS growth. Investors include lidar and drone equipment suppliers, insurance brokerages and providers, financial advisors, as well as executives from the multi-family housing, advertising, facilities services, and legal professions.
For VTS, the digital-twin company on track for over 400% year-over-year growth in the next 12 months, the raise expedites strategic initiatives including software development, recruitment of key personnel, implementation of Salesforce®, and reducing the cost of capital. With key hires in place in major markets, this investment will fund deployment of industry leading hardware and software solutions proven to reduce costs and accelerate the pace of business for VTS' insurance and telecommunications clients nationwide.
The sponsors of the raise, Vlasic & Roth Capital LLC, provided VTS a competitive interim credit vehicle when growth spiked last winter in the height of the pandemic. With that runway in place to allow uninterrupted growth, V&R's team of Michael Roth, Jeffrey Vlasic and Mark Herman partnered with VTS management to implement a contemporary governance model and capital structure. Initiatives included the implementation of V&R's Value Growth Process, transition of legal, accounting, human resources, insurance, and technology platforms, as well as shifting from contracted to employed staff for most positions.
Using 3D & visual capture, VTS’ suite of technology enabled services unlock virtual access to buildings and properties. Turnkey services deliver game changing speed and advantages for insurance, telecom, construction and facilities management across North America. VTS 360Consultant delivers end-to-end capture, precision estimates and readiness plans resulting in reduced business interruption costs and faster rebuilds. VTS 360Pro 3D laser scanning services save millions of dollars while avoiding clashes and enabling real time design for large scale facilities and manufacturers. VTS 360Access team captures rooftops and building assets that are invaluable for asset documentation and as-built surveys. Software solutions for streamlining data capture and data visualization are in development for launch in 2022.
Vlasic & Roth LLC (V&R) is a management and M&A advisory firm located in Bloomfield Hills, MI. The V&R team serves as operating partners for small and lower middle market businesses in the healthcare and technology industries. V&R’s requisite for technology is that it is a tool to serve and help personnel instead of replacing. Management and operating partner services are offered through Vlasic & Roth LLC. Investments are made through Vlasic & Roth Capital LLC.
Michael Roth, Managing Partner
Vlasic & Roth, LLC
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Virtual Technology Simplified unlocks virtual access for buildings and facilities with 3D and reality capture services. Founded in 2017, VTS leadership combines 90+ years of cutting-edge technology experience with 3D, lidar and photogrammetry technology. Digital twins and virtual tour services enable real time problem solving for insurance, manufacturing, telecom and facility management. VTS suite of services deliver precision 3D models and digital twins for game changing advantages that streamline processes, reduce risk, and lead to significant cost savings.
Business Enquiries:
John Chwalibog, CEO
Johnchwalibog@vtscans.com
Phone: 810.522.6309
Media Enquiries:
Cindy Kerr, Marketing Director
cindyk@vtscans.com
Phone: 412.337.2873