Millions invested in expansion and development secured
Spacewise hat in einer Post-Seed-Finanzierungsrunde eine Investition in siebenstelliger Höhe erhalten. Damit will das Proptech-Unternehmen seine Plattform für die kurzfristige gewerbliche Vermietung optimieren und weiter in Kanada und den USA expandieren.
Spacewise has received fresh capital to further invest in its product development and expansion in North America. According to a press release, an undisclosed seven-figure sum was raised in a post-seed financing round. The round was led by Zug-based investor Sandermoen with the participation of Zürcher Kantonalbank(ZKB) as well as several family offices and business angels.
The Zurich-based proptech software-as-a-service company operates an award-winning platform for the temporary letting of retail properties. The Chairman of the Board of Directors, Brad Peppard, describes this platform as a “first-class solution for sales automation”. Spacewise is “well on its way to doing for short-term commercial lettings what online booking services have done for hotel reservations”.
Customers can opt for either a comprehensive end-to-end solution or specific modules. This flexibility, says Spacewise, “increases effectiveness and efficiency in presenting property portfolios, managing space inventory and maximising revenue”.
In Europe, Spacewise works with Migros, Swiss Post, Coop, Wincasa and SBB, among others, which handle thousands of rental contracts. In North America, it has partnerships with major players such as Regency Centres and Oxford Properties.
“Spacewise has recognised a critical market need and has achieved impressive market momentum in Switzerland,” investment manager Yves Becker from ZKB is quoted as saying. “The company’s unique white labelling solution and strong network of partnerships positions it well for international expansion.”