Ilmenau-based hotel management platform provider Betterspace has raised a 7-figure investment from Austrian VC Round2 Capital. Betterspace’s full turnkey software and hardware solutions enable improved operational efficiency for its hospitality clients while maximizing their customers’ hospitality experiences. After having successfully developed and launched its new better.energy solution, Betterspace aims to scale its new solution to further verticals.
With the investment from Round2, Betterspace plans to further develop its better.energy solution technically, discover further use cases, and expand better.energy also into other industries such as educational institutions, healthcare facilities, and municipalities.
Benjamin Köhler, Co-Founder & Managing Director of Betterspace, expressed his enthusiasm: “With the fresh capital from Round2, we are delighted to advance our smart room control solution, better.energy, even further, especially regarding the new wireless standard LoRaWAN. This enables us to equip not only hotels but also various other industries such as healthcare facilities, educational institutions, and office buildings with our intelligent energy management solution, better.energy, thus ensuring energy savings and a reduction in CO2 emissions.”
Betterspace is one of the leading providers of smart software solutions for the hotel industry in the areas of digital guest communication (better.guest) and intelligent energy management (better.energy). Betterspace supports hotels on their journey of digital transformation, always with the goal of reducing costs, promoting sustainability, maximizing revenues, and relieving hotel staff. Betterspace has further developed the better.energy IoT platform solution based on LoRaWAN, and it is now also available for other industries.
Stefan Nagel, Managing Partner at Round2 Capital, also commented on the investment: “We are impressed by the recent development of Betterspace after its launch of better.energy. They have developed and proven a highly scalable solution that addresses crucial current needs in the hospitality industry and beyond. Betterspace’s innovative technology and strong team position them for a continued growth trajectory, and we are confident that revenue-based financing helps them achieve their milestones in a highly flexible way.”
Betterspace was founded in 2014 by Alexander Spisla and Benjamin Köhler, among others. Today the management team is completed by Marcel Schöttke on a technical level. Still headquartered in Ilmenau, with a branch office in Kassel, Betterspace now has more than 1,700 customers in more than 10 countries and a team of more than 50 people.