Round2 Capital Supports Betterspace’s Expansion Into New Industries

European investment firm Round2 Capital has invested a seven-figure amount in Betterspace, a provider of hotel management platforms.

This investment will allow Betterspace to scale its new solution, better.energy, and extend its reach into other industries, the companies said in a Tuesday (Aug. 15) press release.

Betterspace currently provides smart software solutions for the hotel industry, particularly in digital guest communication (better.guest) and intelligent energy management (better.energy), according to the release. By offering comprehensive software and hardware solutions, Betterspace helps hotels improve operational efficiency while enhancing the overall hospitality experience for their guests.

Now, the better.energy solution is also available to companies in other sectors, the release said.

With the support of Round2 Capital’s investment, Betterspace plans to enhance the technical capabilities of its better.energy solution, explore additional use cases, and expand into industries such as education, healthcare, and municipalities. This expansion will enable Betterspace to offer its intelligent energy management solution to a wider range of customers, promoting energy savings and reducing CO2 emissions.

Benjamin Köhler, co-founder and managing director of Betterspace, said in the release that the fresh capital from Round2 will facilitate the advancement of the company’s smart room control solution, better.energy. Köhler also highlighted the potential of the new wireless standard LoRaWAN, which will allow Betterspace to offer its solution not only to hotels but also to other industries, ensuring energy savings and sustainability.

Stefan Nagel, managing partner at Round2 Capital, noted Betterspace’s growth and the scalability of its solution. He said the company’s innovative technology and strong team position it for continued success. Nagel expressed confidence in revenue-based financing as a flexible means to help Betterspace achieve its milestones.

Betterspace, established in Germany in 2014, serves over 1,700 customers across more than 10 countries, according to the press release.

PYMNTS research has found that automation could help alleviate the hospitality industry’s labor shortages by augmenting or replacing key roles.

A recent survey found that 70% of hotel operators plan to add, upgrade or change their property management systems in the coming year, as reported in “Can Automation Solve Labor Shortages in the Hospitality Sector?”, a PYMNTS and LS Retail collaboration.