Thursday, February 22, 2024
HomeFunding Oslo-based proptech Startup Plaace Raises €885k in Funding

[Funding alert] Oslo-based proptech Startup Plaace Raises €885k in Funding

Oslo-based proptech startup Plaace raises €885k in funding with RunwayFBU as the main investor. The company's ambitious goals for commercial growth in the Nordic region will be realised through the utilisation of the funds in conjunction with strategic support.

Oslo-based proptech startup Plaace raises €885k in funding with RunwayFBU as the main investor. The company’s ambitious goals for commercial growth in the Nordic region will be realised through the utilisation of the funds in conjunction with strategic support.

Read also – British Biotech FA Bio Raises €6.1 Million in Funding

Along with longtime backers OBOS and Blommenholm Industrier, RunwayFBU is the lead investor in the financing round. Innovation Norway is providing support in the amount of 177k.

Snorre Jordheim Myhre, CEO and co-founder of Plaace, said: “This is a vote of confidence in the work we have put in during 2023 and the results it has generated. With this capital, Plaace is even stronger in the ongoing commercial scaling, ensuring that we continue to deliver value to our customers across the Nordic region.”

Hanna Selvaag Wangsmo, Investment Manager at RunwayFBU, commented: “Plaace offers decision support in a user-friendly way to a less digitized industry. This aligns well with our investment strategy in RunwayFBU, utilizing data to improve processes and structures. The team already has tremendous execution capabilities, and we see significant international upside.”

Plaace tripled its sales, demonstrating strong growth. By signing agreements with 50 paying clients, including major firms like KLP Eiendom, Elkjøp, Norli, and Europris, the company increased its market share.

Read also – Dutch AI Startup Whispp Secures €750k in Seed Funding

About Plaace

Plaace enable Retailers, CRE Brokers, and Commercial Real Estate firms establish plans, match with sites and tenants, and work together by using data and analytics. By doing this, commercial buildings may reach their full potential and tenants can have the best possible start in life.

Read also – London-based Detected Raises €2.2 Million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular