# Inspace Proximity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inspace-proximity

- Industry: Software
- Headquarters: Colchester, US
- Website: www.inspace.chat
- Total disclosed funding: $6M
- Latest round: Seed (Jun 8, 2021)
- Investors on record: 3

## About

Based in Colchester, Vermont, Inspace Proximity, Inc. specializes in enhancing virtual communication through an integrated platform that combines chat, video conferencing, and collaborative tools, catering to remote teams and various professional sectors.Inspace Proximity, Inc., founded in 2020, operates as a communication platform provider focused on improving interaction in professional settings. The company has raised USD 3.4 mn in Seed funding from Gutbrain Ventures and PBJ Capital, with its latest deal occurring on June 8, 2021. Narine Hall serves as both CEO and Founder, steering the company’s strategic direction with previous entrepreneurial experience.Inspace.chat offers a robust communication platform that facilitates seamless interaction within various professional environments. Its core product features a chat application integrating video conferencing, real-time messaging, and collaborative tools, aimed at enhancing productivity for remote teams and businesses. The platform meets the increasing need for effective virtual communication solutions in sectors such as technology, education, and remote customer service, with a diverse client base that includes startups, educational institutions, and corporate enterprises across North America and Europe.Inspace.chat generates revenue through a subscription-based model that grants users access to its suite of communication tools. Clients engage in annual or monthly subscription agreements based on varying service tiers. Enterprise clients may choose comprehensive plans with enhanced security, while smaller organizations typically opt for basic packages tailored to their needs. The pricing structure emphasizes B2B relationships, aiming to enhance internal and external communication, thereby fostering customer loyalty and retention.Following the Seed funding raised in June 2021, Inspace Proximity, Inc. plans to use the funds to enhance support for educators and develop a resource network, which includes streamlined registration and payment solutions. The company is also looking to expand its market reach, targeting specific geographic regions for future growth, although explicit locations and timelines have yet to be disclosed.

## Funding rounds

- Seed, Jun 8, 2021, $3.4M — Gutbrain Ventures, PBJ Capital
- Seed, Jan 26, 2021, $2.6M — Boston Seed Capital, Gutbrain Ventures, PBJ Capital

## Investors

- Boston Seed Capital (https://capitalatlas.ai/funds/boston-seed-capital) — Seed
- Gutbrain Ventures (https://capitalatlas.ai/funds/gutbrain-ventures) — Seed
- PBJ Capital (https://capitalatlas.ai/funds/pbj-capital) — Seed