SaaS startup Seatti has picked up €3 million for its pioneering platform that is helping companies unlock the potential of hybrid working, boosting productivity and flexibility for employees and businesses alike.
Remote and hybrid working models have swiftly become the new standard of work. Various studies have shown that the hybrid model offers the best of both worlds and is boosting productivity for companies and happiness levels for employees. However, whilst hybrid working has taken the world by storm and most companies now adopt it to some degree, it’s still very much in its infancy. The model still has some challenges to work through and there’s still some experimentation on how best to navigate this approach to working.
Munich-based Seatti has developed a solution that aims to make hybrid working simpler, more flexible and optimised. The startup has just picked up €3 million in a Seed round led by Acton Capital and Partech. Seattle’s pre-seed investors Peak and HPI Seed Fund also participated in the round.
Founded in 2021, Seatti’s mission is to maximize the benefits and minimize the complexity of hybrid work for both companies and their employees. The SaaS solution enables employees to book shared desks, meeting rooms and parking lots in corporate offices while also planning and sharing their hybrid work locations. By doing so, users are sure to find the ideal workspace based on their tasks for the day and the whereabouts of their favourite colleagues.
At the same time, the solution enables companies to analyse and integrate the booking data in a fully GDPR-compliant manner to improve their office spaces, hybrid work policies and regulatory compliance. Seatti focuses on deep integration with the Microsoft ecosystem throughout its software, including MS-Teams, Azure Active Directory, Outlook and Exchange.
Christopher Bieri, Co-Founder of Seatti, explained: “The vast majority of enterprises have implemented a hybrid working model at an unprecedented speed enforced by the pandemic. Such a significant change to the way we work would have taken years, if not decades, in a covid-free world. Due to this abrupt paradigm shift, companies must now quickly address newly arising challenges brought about by hybrid work. Our research shows that 160 billion euros are wasted on underused office space annually, in-person meetups between colleagues have dropped by over 30% and 68% of organizations are not yet fully compliant with regulatory and internal policy requirements.”
As highlighted by the Seatti team, most employees prefer a hybrid working arrangement and it’s reported that 9/10 of companies will be pursuing hybrid work for the long term. But, it doesn’t come without inherent challenges. As a result, the market to provide effective solutions is worth an estimated €30 billion – which Seatti is primed and ready to enter. The young startup is aiming to solve challenges by facilitating more personal meetups between colleagues while ensuring more efficient use of office space as well as full compliance with regulatory requirements. It’s a system that addresses the three core challenges.
Since launching in May 2021, the startup has already welcomed some of Germany’s largest corporations to its client base, including Osram, Sixt, Sartorius, Mazars and FlixBus. Further, reporting 30% monthly growth in 2022, Seatti has become one of Europe’s fastest-growing SaaS platforms for hybrid workforces and shared workspace management.
Sebastian Wossagk, managing partner at Acton Capital, said: “Hybrid work is here to stay. What began as a sudden shift two years ago, will be a key differentiator for employers in the fight for talent across industries. Especially large organizations are now in an urgent need for an agile solution to manage their fast-growing hybrid workforce. Thanks to its easy integration, intuitive use and fully compliance to all regulatory requirements, Seatti’s SaaS platform has convinced enterprise clients and employees alike.”
Going forward, the remote-first team plans to use the new funding to more than triple in size, expand the core functionalities of its hybrid work management tool and address the high demand from enterprise clients. As a result, Seatti expects to triple its revenues in both, 2022 and 2023.
Romain Lavault, General Partner of Partech, added: “We have been instantly convinced by the passion and energy of Chris, Johannes and Moritz and we are determined to support them in making Seatti a company that will permanently change the way employees of all generations can deliver more value together. Adoption by some of the most well-known companies only a few months after launching and the rave reviews of their users shows that this is already well underway!”.