Kitt, an office outfitter as a service, raises $5M Seed round led by Barclay Ventures –
Summary
Landlords have sometimes looked on the tech-enabled spaces of the likes of WeWork and longed to be part of the cool kids — and attract that new wave of founders. It connects landlords with tenants directly, then automates most of the traditional functions usually undertaken by office and building managers. On the raise, founder Lucy Minton said: “We have experienced a 600% growth in revenue since August and we expect this growth to continue as offices navigate and understand the changing needs of their team … With flexibility top of the agenda, collaboration, creativity and innovation will be central to office design in a post-COVID world.” She explained: “In short we have built a platform to allow us to operate any space of any size. So from an operating model point of view, we can deliver space remotely into clients’ offices anywhere, and from a product point of view, everything is run through our space app.” Investor and former CEO of Axel Springer Digital, Andreas Wiele, added: “By providing a bespoke solution for tenants, they can plan beyond the next six months and navigate their own version of the office of the future. For landlords, Kitt is offering a chance to market space in a new way that enables them to sell offices worth leaving home for.”