Round2 Capital Invests a 7-Figure Amount in the German Hotel Management Platform Betterspace to Expand its better.energy Product Offering
With the investment from Round2, Betterspace plans to further develop its better.energy solution technically
Round2 Capital provides a revenue-based 7-figure investment to the hotel management platform provider Betterspace. Betterspace’s full turnkey software and hardware solutions enable improved operational efficiency for its hospitality clients while maximizing their customers’ hospitality experiences. After having successfully developed and launched its new better.energy solution, Betterspace now aims to scale its new solution to further verticals.
Betterspace is one of the leading providers of smart software solutions for the hotel industry in the areas of digital guest communication (better.guest) and intelligent energy management (better.energy). Betterspace supports hotels on their journey of digital transformation, always with the goal of reducing costs, promoting sustainability, maximizing revenues, and relieving hotel staff. Betterspace has further developed the better.energy IoT platform solution based on LoRaWAN, and it is now also available for other industries.
With the investment from Round2, Betterspace plans to further develop its better.energy solution technically, discover further use cases, and expand better.energy also into other industries such as educational institutions, healthcare facilities, and municipalities.
What the involved parties say
Benjamin Köhler, Co-Founder & Managing Director of Betterspace, expressed his enthusiasm: “With the fresh capital from Round2, we are delighted to advance our smart room control solution, better.energy, even further, especially regarding the new wireless standard LoRaWAN. This enables us to equip not only hotels but also various other industries such as healthcare facilities, educational institutions, and office buildings with our intelligent energy management solution, better.energy, thus ensuring energy savings and a reduction in CO2 emissions.”
Stefan Nagel, Managing Partner at Round2 Capital, also commented on the investment: “We are impressed by the recent development of Betterspace after its launch of better.energy. They have developed and proven a highly scalable solution that addresses crucial current needs in the hospitality industry and beyond. Betterspace’s innovative technology and strong team position them for a continued growth trajectory, and we are confident that revenue-based financing helps them achieve their milestones in a highly flexible way.”
About Round2 Capital
Round2 Capital is a fast-growing European investment firm with EUR 130m under management. Based in Vienna, the firm is a strong partner for European scale-ups and companies with digital and sustainable business models. Since its foundation in 2017, Round2 Capital has been pioneering revenue-based finance in Europe and is active in several European countries, with a focus on Germany, Switzerland, Austria, and the Nordic countries. To date, Round2 Capital has invested in 32 different software and technology scale-ups across 9 jurisdictions.
Round2 Capital is backed by the European Investment Fund (EIF) to support technology companies in the European Union. Round2 Capital Partners II is partially funded under the so-called “Mezzanin Dachfonds für Deutschland Fazilität 2”, a facility managed by EIF for the ERP Sondervermögen, represented by the German Federal Ministry for Economic Affairs and Energy (“Bundesministerium für Wirtschaft und Energie”), LfA-Gesellschaft für Vermögensverwaltung mbH and NRW.Bank Anstalt des öffentlichen Rechts.