News Article Czech Republic investment IPO proptech Spaceflow technology
by Property Forum | Investment

Proptech provider Spaceflow has announced a new strategic partner, Swedish investment group Hydda. Now, with this investment, Spaceflow will be able to get closer to its global vision to connect buildings with their occupiers.

Today, Spaceflow is announcing a new strategic partnership with Swedish investment group Hydda, which specializes in innovative technology in the real estate market and is leading Spaceflow’s Series A investment round with €8 million. The partnership will make Spaceflow an even stronger player in the tenant experience segment through integration into Hydda’s ecosystem of other products and connection with leading real estate companies – the Swedish investment group also aims for European IPO with its whole proptech portfolio. The funds raised will go primarily toward product development, building a sales team and consolidating positions in strategic markets in Scandinavia, the UK, Benelux and the DACH region.

''Landlords must implement technology to fully unlock the potential of their portfolios and centre everything around their end-users. Our clients manage thousands of buildings and Spaceflow empowers them to provide the best possible experience for their customers – people living and working in their spaces. This collaboration with Hydda Group brings us deeper market knowledge and connections with other PropTech players," comments Lukas Balik, co-founder and CEO of Spaceflow, which was previously supported in its seed round by Czech investment fund Credo Ventures. Other Credo portfolio companies include Productboard, Deepnote, Codasip and many more success stories such as UiPath. 

“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. The spaces we use for working and living need a smart and easy-to-use remote control,” says Philip Göransson, Chief Commercial Officer at Hydda Group. The Group is backed by both the company builders BLQ Invest and Sweden’s largest property company, Vasakronan, which owns over 17.6B EUR of property assets.

Spaceflow connects tenants and visitors, property management, service providers, specialized hardware and IoT in one user-centric platform. That gives tenants and landlords an overview of all essential aspects of their residential or commercial buildings.