Round2 Capital strengthens Betterspace with seven-figure investment

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 better.energy space and support scaling into different industries.

Ilmenau/Vienna - The investment firm Round2 Capital has decided to invest a significant seven-figure amount in Betterspace, a renowned provider of hotel management platforms. The aim of this partnership is to expand Betterspace's product offering in the better.energy sector. 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 are excited to use Round2's fresh capital 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 smart software solutions for the hospitality industry, focuses on digital guest communication (better.guest) and smart energy management (better.energy). These solutions support hotels in their digital transformation by driving cost savings, sustainability, revenue growth and reducing the burden on hotel staff. With the further development of the better.energy IoT platform solution based on LoRaWAN, application opportunities are now opening up for other industries.

Following Round2's investment, Betterspace plans to further develop the better.energy solution, open up additional use cases and expand 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 essential 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 on 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 as well as sustainable business models. Since its founding in 2017, Round2 Capital has pioneered revenue-based financing in Europe, investing in 32 different software and technology scale-ups across nine countries. The support from the European Investment Fund (EIF) underlines Round2 Capital's commitment to supporting technology companies in the European Union.