InnoEnergy’s portfolio company Betterspace, the leading one-stop shop for digitalisation and energy efficiency in hotels, successfully closed a €3 million Series A investment round led by Statkraft Ventures. With their holistic solution platform Betterspace helps hotel managers & owners save energy, reduce costs and generate new (digital) income streams.
Due to changing customer needs towards more personalised offerings and an increased transparency through online booking and review portals hoteliers need new sophisticated ways to set themselves apart from the competition. Betterspace’s scalable product suit offers complete solutions for individualising the customer journey as well as optimising the internal processes and the energy management system of a hotel. Today, more than 500 hotels use customised Betterspace solutions such as integrated digital assistants, intelligent room control and electric charging in order to attract and bind customers, decrease the overall operating costs as well as increase revenues.
This continuously growing market success has convinced Statkraft Ventures to join InnoEnergy and lead a sizable Series A investment round to help Betterspace with their expansion into further European markets.
Luis Sperr, Business Creation Manager at InnoEnergy: “We have had a very successful partnership with Betterspace dating back to 2015. Since then the Betterspace team was able to provide value to the hoteliers and thus to steadily grow their market share and their revenues, especially in Germany. Now it’s time to continue this success story Europe-wide. With Statkraft Ventures we’ve found the right partner at the right time for doing so.”
Stefan Hülsen, Senior Investment Manager at Statkraft Ventures, comments: ”Reducing the hotels‘ operating expenditures while increasing revenue is a strong selling point not only for Betterspace’s clients but also for us. The company’s technology as well as the strong and demonstrated need in the hospitality industry for integrated products and services has convinced us to support the founders on their way to becoming the leading hotel digitalization provider.”
Gerhard Gerhard Weiß, Managing Director of Betterspace: “We are proud of what we have accomplished so far, especially in the German speaking countries. This investment opens up many possibilities for us to develop our business further and grow internationally. We are very happy about the support and now want and need to expand our leading position in the hospitality industry.”