# Betterspace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/betterspace

- Industry: Software
- Headquarters: Ilmenau, Germany
- Website: www.betterspace360.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Nov 7, 2019)
- Investors on record: 2

## About

Based in Germany, Betterspace GmbH develops software solutions that optimize energy efficiency and enhance digital engagement in non-residential buildings, serving various sectors including hospitality and education.Betterspace GmbH, founded in 2014 in Ilmenau, Germany, specializes in software for intelligent building management. The company has successfully completed three deals, with the latest funding round being a Series A in August 2023, raising EUR 3.000 mn led by Statkraft Ventures. The company is co-founded by Benjamin Köhler and Christopher Müller, with Marcel Schöttke as the CEO.Betterspace offers innovative software solutions aimed at enhancing energy efficiency and digital engagement in non-residential buildings across various sectors. Their core products include better.energy, an IoT platform for intelligent building management featuring smart radiator and climate control systems, and energy monitoring solutions to optimize energy consumption. Another key offering is better.guest, a digital guest directory that improves communication with hotel guests and enhances their overall experience. Betterspace serves over 1,700 clients across Europe, including hotels, restaurants, offices, schools, healthcare facilities, and cultural institutions.In 2022, Betterspace generated a revenue of EUR 7,231,703.70 and reported an EBITDA of EUR 1,758,719.30. The company's revenue primarily comes from subscription-based models for its software solutions, which clients use to enhance operational efficiency and customer experience through services like better.energy and better.guest.Following a recent funding round in August 2023, Betterspace intends to utilize the raised capital to further develop the better.energy solution and expand its application into other sectors such as healthcare, education, and municipalities. This strategic growth aims to enhance their market presence and address the increasing demand for energy-efficient and digitally connected environments.

## Funding rounds

- Series A, Nov 7, 2019, $3.3M — Statkraft Ventures, InnoEnergy

## Investors

- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Series A
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Series A