If I asked you to name a few companies that have experienced massive tailwinds due to COVID, you would say:
But, there is a lesser-known name growing faster than all of the above, and it is going public via a SPAC with the ticker symbol GHVI.
That company is Matterport.
Here’s how they describe themselves:
Matterport makes it easy and fast to create immersive 3D digital twins ideal for back-to-work planning, listing or appraising properties, documenting makeover projects, and more.
Matterport allows you to transform your physical environment into a virtual 3-D model—all you need is an iPhone. Their proprietary A.I. technology will take care of the rest.
The most basic use-case would be a realtor creating a 3-D tour of a house.
Buyers would pull up Zillow or Redfin, and instead of flipping through pictures, they could walk around the property.
Here are some of their key metrics from their investor presentation:
They swapped out their CEO with RJ Pittman just over two years ago.
Before joining Matterport, Pittman spent five years leading product, design, engineering, mobile, payments, and brand as CPO for eBay. Prior to eBay, he led the global e-commerce platform for Apple’s online stores, and led product innovation for Google’s next-generation consumer search properties.
Here’s how Matterport stacks up against other hypergrowth software companies:
Keep in mind, these are based on revenue estimates two years out.
Regardless of the valuation, Matterport is uniquely positioned to disrupt an antiquated industry. With $230 Trillion in total property value, real estate is the largest asset class globally.
Plus, I can always get behind a company that enhances my Zillow scrolling experience.
Don’t deny it.
You know you’re addicted to Zillow.
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