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With the new investment Kitt have ambitious plans to scale the business The funding round was led by Barclay Ventures and will be used to scale the business both within the country and globally.
The round comes at a time where businesses are increasingly seeking office spaces to meet the changing needs of their team. By providing a fully customisable workspace solution, and fully immersive VR design process before being built, Kitt lets companies like Oatly, Nested and PZ Cussons Beauty to deliver on their post-COVID office plans.
On the raise, Founder Lucy Minton , said, “Companies across the UK are rushing to get teams back to the office while re-assessing their use of space. At Kitt, 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. However, the property industry is more fragmented than ever and 88% of landlords have just one or two buildings. This has made finding the right office or tenant overly difficult.”
Investor and former CEO of Axel Springer Digital, Andreas Wiele, added: “The office-leasing industry is in need of huge disruption and Kitt will play a key role in changing how the industry operates beyond COVID. 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.”
Kitt provides a fully customisable workspace solution to tenants via its landlord partners – the second largest footprint of serviced space in London.
The company visualises each space through a fully immersive VR design process, so that it is built to meet the needs of each business. Kitt offers a range of on-demand services to its tenants via its mobile app, which are then delivered through a proprietary operating system. Each space is tech-enabled with app-based entry systems, remote receptionists and security systems, thereby allowing for a seamless tenant experience.