A global provider of software and technology to the flexible workspace industry has raised £33.2 million through a primary share placing.
AIM-listed essensys will use the funds to continue its global expansion through an accelerated go-to-market strategy and product development.
The company says is targeting a significant land grab opportunity resulting from the massive structural shift in commercial real estate, as landlords respond to the increased demand for flexible real-estate solutions from their customers.
It aims to significantly increase market share across its key markets of North America, the UK and Continental Europe and Asia Pacific.
“The industry is now looking to create global real estate platforms in response to the rapidly evolving needs of occupiers,” said Mark Furness, founder and CEO.
“This fundraise will further support our ambitious international expansion plans and accelerate our product development roadmap to ensure that we remain at the forefront of the industry’s drive to deliver the next-generation of digitally enabled in-building experiences.
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“This latest funding round reflects investor confidence in essensys’ vision, our business model and the company’s ability to support and deliver for our customers. Our goal is to be the first-choice software and technology platform for the world’s leading real estate brands as they continue to unlock the flexible workspace opportunity.
“We want to continue to develop the products that solve the major challenges for the industry, many of which have been accelerated by the pandemic, such as how to successfully combine the operation of flexible and traditional spaces to meet the increasing demand for flexibility, support hybrid working and the efficient operation of these highly amenitised workspaces.”
Established in 2006, essensys’ secure platform delivers digital infrastructure, effective space setup, seamless operations and mobile-first occupier interactions.