PropTech provider Spaceflow simplifies and improves life in buildings through a single digital platform. Now, the company is closer than ever to fulfilling its global vision: connecting buildings with their occupiers. Today, Spaceflow is announcing a new strategic partnership with Swedish investment group Hydda, which specializes in innovative technology in the real estate market and is leading Spaceflow’s Series A investment round with €8 million. The partnership will make Spaceflow an even stronger player in the tenant experience segment through integration into Hydda’s ecosystem of other products and connection with leading real estate companies – the Swedish investment group also aims for European IPO with its whole PropTech portfolio. The funds raised will go primarily toward product development, building a sales team and consolidating positions in strategic markets in Scandinavia, the UK, Benelux and the DACH region.
''Landlords must implement technology to fully unlock the potential of their portfolios and center everything around their end users. Our clients manage thousands of buildings and Spaceflow empowers them to provide the best possible experience for their customers – people living and working in their spaces. This collaboration with Hydda Group brings us deeper market knowledge and connections with other PropTech players," comments Lukas Balik, co-founder and CEO of Spaceflow, which was previously supported in its seed round by Czech investment fund Credo Ventures. Other Credo portfolio companies include Productboard, Deepnote, Codasip and many more success stories such as UiPath.
“Hydda is growing fast and according to plan and aims to become Europe’s largest PropTech group. Spaceflow is our first investment outside Scandinavia and fits perfectly into Hydda’s ecosystem of leading PropTech companies. The spaces we use for working and living need a smart and easy-to-use remote control,” says Philip Göransson, Chief Commercial Officer at Hydda Group. The Group is backed by both the company builders BLQ Invest and Sweden’s largest property company, Vasakronan, which owns over 17.6B EUR of property assets.
Tenants come first
Spaceflow connects tenants and visitors, property management, service providers, specialized hardware and IoT in one user-centric platform. That gives tenants and landlords an overview of all essential aspects of their residential or commercial buildings. Spaceflow’s versatility, diversity of solutions, and emphasis on new monetization opportunities make the tenant experience platform, launched by co-founders Lukas Balik and Jan Jilek, a company gaining global momentum. Currently, their platform is used by some of the world's biggest real estate owners in 18 countries.
The Spaceflow platform is one of the drivers of "Space as a Service" (SPaaS) – the concept of providing physical space as a service and experience. The goal of SpaaS is to maximize the utility of buildings and spaces for both tenants and owners. With Spaceflow the landlord ceases to be just the owner of the space and becomes a full-service value provider. The tenant changes from a mere space occupier into an active participant taking advantage of all the possibilities of the building and its surroundings.
Shaping the PropTech ecosystem of the future
Hydda Group aims to accelerate digitalization in the real estate industry and works as a bridge between PropTech companies, the real estate industry and investors. Previously it invested in three different built environment solutions – Homemaker, Elbilio and Parkando. Each of those companies has a different purpose and target, but together they aim to achieve the same goal: bringing working and living into the 21st century. For Hydda, partnership with Spaceflow is a logical step toward building a comprehensive ecosystem.