Czech proptech company Spaceflow raises 8,5M USD

Published: 25.05.2022 Related countries:  U.S.A. U.S.A.

Spaceflow has announced a new strategic partnership and a Series A funding.

Spaceflow, a platform connecting tenants, property management, service providers, specialized hardware and IoT, giving tenants and landlords an overview of all essential aspects of their residential or commercial buildings, entered into a strategic partnership with Hydda, a Swedish investment group focusing on innovative technology in the real estate market. The series A funding of 8,5 M USD will drive the product development and Spaceflow's expansion in Scandinavia, the UK, Benelux and DACH regions.

The Swedish investment group also aims to unveil European IPO with their proptech portfolio. Philip Göransson, Chief Commercial Officer at Hydda, stated: “Hydda is growing fast and according to plan and aims to become Europe’s largest PropTech group. Spaceflow is our first investment outside Scandinavia and fits perfectly into Hydda’s ecosystem of leading PropTech companies.“

Source: Property Forum

Prepared by the CzechTrade office in San Francisco