Zurich-based memox, which specializes in designing Meeting and Conference Rooms for the post-pandemic business world, raises €2.8 million in their Series A Round led by Swiss Prime Site and 41 Group as well as other key players from the real estate, tech and investment banking sectors.
After the successful launch of 14 new spaces in the first half of the year, memox’s portfolio now comprises a total of 31 spaces at 6 venues in 3 different cities.
“Personality and product leads in memox’s case to a highly impressive trajectory. I am confident that this path of success will continue. The unique business model is driven by innovation and a great guest experience that sets memox apart from others in the industry,” said Marcel Walker, CEO of the 41 Group.
Founded in 2016, Memox is now present in Zurich, Basel and Frankfurt. All locations are profitable and generate annual revenues of more than €7 million. 95% of all DAX and SMI companies already use the unique and innovative Meeting & Conferencing Services. Many landlords request unique servitization levels for their office buildings. The funds raised will enable Memox to increase its presence in the DACH region and reach break-even in 2024.
Interest remains high, according to Dr. Dirk Reiner, CEO of Memox: “We are already preparing a second closing to finance further market entries in Germany and Switzerland. With the current trends in the world of work and in the real estate environment, memox is ideally positioned to conquer the market.“
