Skip to main content

Kitt, an office-outfitter-as-a-service, raises $5M Seed round led by Barclay Ventures

Landlords have sometimes looked on the tech-enabled spaces of the likes of WeWork and longed to be part of the cool kids – and attract that new wave of founders. Now a UK startup has come up with a way for Landlords to do this directly.

Founded by Steve Coulson and Lucy Minton in 2018, UK-based Kitt has now raised $5 million (£3.6 million) in seed fundraising, taking the total amount raised by the business to $7.5 million. The round was led by Barclay Ventures.

Kitt says it provides a ‘fully customizable’ workspace solution to tenants via its landlord partners. It connects landlords with tenants directly, then automates most of the traditional functions usually undertaken by office and building managers. The benefit for landlords is that is reduces void periods up the yield from property.

It now counts companies like Oatly, Nested and PZ Cussons Beauty with their post-COVID office planning.

Spaces are visualized through a VR design process before being built out. Kitt’s mobile app then offers a range of on-demand services to tenants. Spaces get app-based entry systems, remote receptionists and security systems. Landlords can then offer a managed service to tenants, who can contract other suppliers through Kitt’s platform.

On the raise, Founder Lucy Minton said: “We have experienced a 600% growth in revenue since August and we expect this growth to continue as offices navigate and understand the changing needs of their team… With flexibility top of the agenda, collaboration, creativity and innovation will be central to office design in a post-COVID world.”

She explained: “In short we have built a platform to allow us to operate any space of any size. We work with landlords essentially to repackage their space as a service provider. So from an operating model point of view, we can deliver space remotely into clients’ offices anywhere, and from a product point of view, everything is run through our space app.”

Investor and former CEO of Axel Springer Digital, Andreas Wiele, added: “By providing a bespoke solution for tenants, they can plan beyond the next six months and navigate their own version of the office of the future. For landlords, Kitt is offering a chance to market space in a new way that enables them to sell offices worth leaving home for.”



from TechCrunch https://ift.tt/3bZP698
via IFTTT

Comments

Popular posts from this blog

Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...

What’s Stripe’s deal?

Welcome to  The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up  here  so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. —  Mary Ann Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe . On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuin...