Round2 Capital strengthens Betterspace with seven-figure investment

The investment firm Round2 Capital has decided to invest a seven-figure sum in Betterspace, an established provider of hotel management platforms. This investment aims to expand Betterspace's product offering in the area of better.energy and to support scaling in various industries.

Ilmenau/Vienna - The investment firm Round2 Capital has decided to invest a substantial seven-figure sum in Betterspace, a renowned provider of hotel management platforms. The aim of this partnership is to expand Betterspace's product range in the area of better.energy. Betterspace's innovative software and hardware solutions are designed to optimize operational efficiency in the hospitality industry while maximizing the guest experience. Following a successful launch of the new better.energy solution, Betterspace is now planning to expand it to various industries.

We look forward to using the fresh capital from Round2 to further advance our smart room control solution better.energy, especially with regard to the new wireless standard LoRaWAN.

Benjamin Köhler, Co-Founder & Managing Director of Betterspace

Betterspace, a pioneer in the field of smart software solutions for the hotel industry, focuses on digital guest communication (better.guest) and intelligent energy management (better.energy). These solutions support hotels in their digital transformation by promoting cost savings, sustainability, revenue growth and relief for hotel staff. The further development of the IoT platform solution better.energy based on LoRaWAN now also opens up application possibilities for other industries.

Following Round2's investment, Betterspace plans to further develop the better.energy solution, opening up additional use cases and extending its reach to sectors such as education, healthcare and municipalities.

We are impressed with Betterspace's recent development following the launch of better.energy. They have developed and proven a highly scalable solution that addresses key current needs in the hospitality industry and beyond.

Stefan Nagel, Managing Partner at Round2 Capital

Founded in September 2014 by Alexander Spisla and Benjamin Köhler in Ilmenau, Germany, Betterspace is headquartered in Ilmenau and has a branch office in Kassel. The company now has over 1,700 customers in more than 10 countries and employs over 50 people. Marcel Schöttke completes the management team at a technical level.

The investment company Round2 Capital, with assets under management of 130 million euros, acts as a strong partner for European scale-ups and companies with digital and sustainable business models. Since its foundation in 2017, Round2 Capital has pioneered revenue-based financing in Europe and invested in 32 different software and technology scale-ups in nine countries. The support of the European Investment Fund (EIF) underlines Round2 Capital's commitment to supporting technology companies in the European Union.