InnerSpace Closes $10M Series A Funding to Accelerate Growth in PropTech Sector
TORONTO, Aug. 10, 2023 /PRNewswire-PRWeb/ -- InnerSpace, the only SaaS-based space utilization platform that leverages existing Wi-Fi infrastructure – without the need of sensors – to deliver actionable insights to optimize work space usage, today announced the completion of its $10M CAD Series A round. Led by Yaletown Partners, with previous round participants including BDC and IAF, the round will accelerate InnerSpace's product development roadmap and scale operations to serve the growing US$45 billion space utilization analytics market.
- "Our clients are facing an unprecedented tension between their largest operational expenses - employee productivity and real estate consumption," said James Wu, CEO of InnerSpace.
- "Never before have CEOs faced a complete overhaul of workstyles and unused real estate on such a massive scale.
- Clients use InnerSpace data to help them make decisions about their workplaces; whether to contract or expand their footprint, renovate, or reallocate resources.
- With InnerSpace real estate and workplace experience teams optimize team placement, meeting room needs, and overall square footage requirements.