Prague-based Spaceti raises €3.5 million to expand its workspace solutions

Czech proptech Spaceti, which helps companies make more efficient use of their workspace and reduce associated costs, has received a second investment of around €3.5 million from Reflex Capital and Fast Forward, as well as from new investors Lighthouse Ventures and Kamil Vacek. This seed funding will be used to expand its solutions and help more companies create safe and healthy workplaces, while at the same time reducing costs. 

Spaceti, founded in 2016, develops, produces, and markets technologies for the transparent use of offices and workspaces. The Spaceti system provides clients with a precise overview of the occupancy and intensity of use of individual workspaces, meeting rooms, and parking spaces. Besides occupancy, the system measures and analyses air quality, which is key for the comfort and health of the people in the building. This is all part of the recent larger trend to create a more flexible and transparent workplace.

Additionally, in reaction to the COVID-19 pandemic, the company has also presented a solution to limit infections in the workplace and offer people a safe environment when they return to work. Using a mobile app, employees can reserve an empty meeting room or workspace far enough away from others. Spaceti analytics constantly monitor the space and provide hourly reports, allowing technologies to effectively manage the office’s capacity. Companies can use the collected data to correctly decide how many employees can be physically present in various spaces in order to maintain safe distances and how many people should continue to work remotely.

This social distancing service is supplemented by environmental analytics that monitor air quality, which is exceptionally important in terms of improving people’s health and reducing the spread of contagions; a key issue companies are facing as their employees return to work.

In 2016, Spaceti bootstrapped its launch using its own resources, and a year later in 2017, received its first investment of €1 million from Reflex Capital, Fast Forward, and Y&R. In the four years since its founding, Spaceti has acquired a growing number of clients across Europe, such as L’Oreal, Vodaphone and Rolls Royce.                                                 

“The COVID-19 pandemic has raised challenges and problems that few of us envisioned a few short months ago. I’m incredibly proud that Spaceti was able to quickly adjust both internally and to the new needs of our clients. The fact we were able to secure another investment during this uncertain and difficult time shows the trust our investors have in our team and our technologies. We are grateful for the investment and we believe it will help us recruit the best talent into our product and research teams that will help us realize our vision of creating the healthy and smart buildings of the future,” Spaceti’s CEO Max Verteletskyi said.

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