The German hotel digitizer Betterspace just closed a €3 million Series A financing round led by Statkraft Ventures and joined by existing investor InnoEnergy. Founded in 2014 in Ilmenau, Betterspace has convinced the investors with their 360° software solutions for digitization in the hotel industry.
Digitisation is getting more and more important also for the hotel industry. As the leading provider of 360° software solutions in the DACH region, Betterspace offers a range of integrated digital assistants to better meet the needs and wishes of hotel guests. At the same time, Bettespace’s digital solutions make work processes more efficient and relieve hotel staff. The hotel digitizer’s mission is to give hoteliers more time for what is important: the guests. Betterspace’s In-Room Tablet with its wide range of functions offers a special service and increases the revenue per room while at the same time reducing the workload of hotel employees. The intelligent room control system automatically controls the radiators and air conditioning, thus saving energy costs.
Stefan Hülsen, Senior Investment Manager at Statkraft Ventures, commented: “Reducing the hotels operating expenditures while increasing revenue is a strong selling point not only for Betterspace’s clients but also for us. The company’s technology as well as the strong and demonstrated need in the hospitality industry for integrated products and services has convinced us to support the founders on their way to becoming the leading hotel digitalization provider.”
Statkraft Ventures from Düsseldorf recognized the potential of digitization in the hotel industry and invested the seven-figure sum in the company. The fresh capital will now be used by the startup to further grow internationally.
More than 700 customers from 10 countries already rely on Betterspace and its smart solutions. It was only at the beginning of the year that Betterspace opened a branch in Salzburg.
“We have already been able to convince the hotel industry in the DACH region of our holistic solutions. Now we will concentrate on offering hotels abroad the same value and service. With Statkraft Ventures, we will be able to drive our international growth even further,” said Alexander Spisla, CEO of Betterspace.