# Bright Spaces SRL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bright-spaces

- Industry: Software
- Headquarters: Bucharest, Romania
- Website: www.brightspaces.tech
- Total disclosed funding: $2M
- Latest round: Seed (Jul 21, 2021)
- Investors on record: 4

## About

Bright Spaces SRL delivers innovative AI-driven 3D space planning solutions for office leasing, enhancing the visualization process for landlords and real estate consultants, ultimately streamlining leasing cycles.Founded in 2019, Bright Spaces SRL is based in Bucharest, Romania, focusing on AI-powered solutions for the real estate sector. The company has successfully closed 3 deals, with its most recent being a Seed round of EUR 1.5 million in July 2021 led by Axeleo, alongside other investors. CEO Bogdan Nicoara, along with co-founders Andrei Constantin and Bogdan Nicoara, has steered the company towards providing effective tools for office space planning.Bright Spaces specializes in AI-powered 3D space planning solutions tailored for office leasing. Their core product enables landlords and real estate consultants to visualize various design scenarios for office spaces through immersive 3D walkthroughs. This innovative approach addresses key challenges in the leasing process, such as the difficulty tenants face in visualizing spatial layouts and the lengthy leasing cycles often associated with traditional 2D plans. Approximately 50 million square feet of space has been utilized in over 20 countries, including significant markets such as London and Bucharest. The clientele primarily consists of office owners and real estate consultants who seek to enhance stakeholder alignment, expedite decision-making, and reduce leasing timelines by leveraging this digital solution.In the most recent fiscal year of 2023, Bright Spaces reported a revenue of EUR 471,146.80. However, the company experienced an EBITDA of EUR -1,314,483.20, indicating a challenging financial year.Following their most recent funding round in July 2021, Bright Spaces SRL aims to utilize the EUR 1.5 million raised to strengthen its technological capabilities and pursue expansion into new markets across Central and Eastern Europe (CEE) and Western Europe. The funding will support the development of new tech features, reinforcing their position in the market and enhancing their product offerings.

## Funding rounds

- Seed, Jul 21, 2021, $1.8M — Pi Labs, Axeleo, Sparking Capital, Growceanu Angel Investment SRL
- Seed, Aug 14, 2019, $0.2M — Sparking Capital, Growceanu Angel Investment SRL

## Investors

- Sparking Capital (https://capitalatlas.ai/funds/sparking-capital) — Seed
- Growceanu Angel Investment SRL — Seed
- Pi Labs (https://capitalatlas.ai/funds/pi-labs) — Seed
- Axeleo (https://capitalatlas.ai/funds/axeleo) — Seed