News Article financing investment proptech retail Romania
by Property Forum | Retail

Bright Spaces, a proptech solution developed by a Romanian start-up, has received funding of €185,000 for development and implementation. The financing was coordinated by Sparking Capital as lead investor, with Growceanu Angel Investment and angel investor Ilinca Păun, former MD of Colliers International Romania.

Bright Spaces is a digital platform for leasing and managing retail space which is expected to be launched next spring. The platform aims to help the leasing departments of real estate investment and development companies by optimizing the flows and generating new leads, as well as the tenants, through an easy-to-use interface, where rental history and process flows can be seen: listing, bidding, contracting, payment, management, business intelligence.

Sparking Capital, the company which coordinated the financing process is a venture capital fund consisting of private sources. The fund makes pre-seed and seed investments in innovative companies in the property tech, marketplace, marketing tech, digital transformation and sustainability segments.

Growceanu brings together a group of business angel investors from Western Romania, with a focus on high-tech start-ups. Ilinca Păun, with 18 years of experience in real estate is the Founder and CEO of the Entrepreneurship Academy.