The team at Ronspot are delighted to announce the company has raised €1.1 million in investment funding. The news follows the recent dramatic growth in the hybrid working and space management market. This investment is being led by Dublin-based Furthr VC (formally DBIC Ventures) and includes the HBAN Angel Network and Enterprise Ireland.
Starting out as a corporate parking management solution in 2018, Ronspot has evolved to a 3-in-1 hybrid workplace management solution designed to make hybrid working easy, as well as enforcing efficiency in the workplace. From three customers, in two countries in 2018, to more than 200 customers in over 30 countries today, Ronspot has continued to accelerate its growth.
Michael Furey, CEO of Ronspot said “The past 4 years have taught us a lot, but for me, I learned the importance of having a long-term plan with a well organised and motivated team. For Ronspot, the customer really is king. And in order to manage and support our customers we need to be well resourced and staffed.
We are delighted to have Further VC, Halo Business Angel Network (HBAN), and Enterprise Ireland on board with their investment. Their support in the company is sincerely appreciated. Furthermore, we want to thank our legal team at LK Shields Solicitors for their hard work and help throughout the process. To WestBIC Business & Innovation Centre, we are extremely grateful for their valuable advice and support throughout this process.
We are grateful to iHub at the Atlantic Technological University, in Galway for giving us a space to learn and grow. I and the team have also benefited from Enterprise Ireland programs such as New Frontiers and the Enter the Eurozone.”
Michael also added, “Additionally, organisations are starting to review their real estate commitments with an eye on how they can reduce building footprint and its associated costs while at the same time increasing their head count with more intelligent management of their office spaces. With the days of ‘one desk – one employee’ a thing of the past for many, it’s important that these resources are utilised more effectively in the future.”
It’s clear that hybrid working is here to stay. Now the challenge for businesses is managing this new way of working.
Pictured announcing that Furthr VC has led a €1.1M investment in Ronspot are: Richard Watson, Managing Partner, Furthr VC; and Michael Furey, CEO, Ronspot
