# Kitt Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kitt-technology

- Industry: Real Estate Development & Operating Companies
- Headquarters: London, UK
- Website: www.kittoffices.com
- Total disclosed funding: $16M
- Latest round: Seed (Oct 19, 2022)
- Investors on record: 1

## About

Kitt Technology Ltd, based in the UK, specializes in online real estate services, offering tailored office solutions through custom-designed workspaces. Their focus is on creating flexible and modern environments for businesses of all sizes.Kitt Technology Ltd was founded in London, UK in 2018, focusing on providing tailored office space solutions. The company has successfully completed four deals, with their most recent being a SEED funding round in October 2022, led by Hoxton Ventures, raising GBP 6.70 million. The current CEO is Steve Coulson, who has a history of leading innovative ventures in real estate.Kitt provides a comprehensive suite of services centered around the creation and management of custom-designed office spaces in London. Their core offerings include ready-to-go managed office spaces and bespoke design, build, and management services tailored to the specific needs of businesses. These fully-fitted, flexible lease offices cater to a diverse clientele, including startups, growing companies, and established corporations looking for private and branded workspaces. Kitt's in-house team comprises designers, project managers, and real estate specialists who collaborate closely with clients to transform their vision into reality, ensuring that each workspace reflects the client's brand and operational needs. Their services are predominantly offered in the London metropolitan area, targeting businesses that require modern, adaptable office environments conducive to productivity and employee satisfaction.Kitt operates on a revenue model that primarily involves generating income through fully managed office space leases and design and build service contracts. In the most recent year, Kitt reported a revenue of GBP 12,167,465.7 and an EBITDA of GBP -6,519,439.2. Clients typically engage Kitt for tailored office solutions, paying monthly fees based on the size and specifications of the leased office space, such as the premium locations on Seymour Street or St James's Square. The pricing structure is designed to meet varying client needs, offering flexibility and customization while providing comprehensive service packages that include daily operations and maintenance. Kitt's clientele includes businesses from various sectors, and revenue is derived from B2B transactions where companies pay for office space and related services directly to Kitt, allowing them to focus on their core activities without the distraction of workspace management.In October 2023, Kitt Technology Ltd secured GBP 6.70 million in Seed funding, led by returning investor Hoxton Ventures, with plans to utilize this financing to expand its product development. The company's strategy includes designing new office solutions tailored to evolving market demands and expanding their footprint beyond the London metropolitan area into additional UK regions to serve a broader range of clients. Specific timelines and new product details are still to be outlined as the company continues to refine its growth strategy.

## Funding rounds

- Seed, Oct 19, 2022, $7.5M — Hoxton Ventures
- Seed, Oct 20, 2021, $8.7M — Hoxton Ventures

## Investors

- Hoxton Ventures (https://capitalatlas.ai/funds/hoxton-ventures) — Seed