UK Tech News | June 2021
London-based Kitt is an office management platform providing a seamless alternative to traditional office leases. In a recent development, the company has picked up $5 million (nearly £3.6 million) in seed funding. With this investment round, the overall funding raised by the company is $7.5 million (nearly £5.3 million). The round was led by Barclay Ventures and will be used to scale the business both within the country and globally.
The round comes at a time where businesses are increasingly seeking office spaces to meet the changing needs of their team. By providing a fully customisable workspace solution, and fully immersive VR design process before being built, Kitt lets companies like Oatly, Nested and PZ Cussons Beauty to deliver on their post-COVID office plans.
On the raise, Founder Lucy Minton, said, “Companies across the UK are rushing to get teams back to the office while re-assessing their use of space. At Kitt, we have experienced a 600% growth in revenue since August and we expect this growth to continue as offices navigate and understand the changing needs of their team. However, the property industry is more fragmented than ever and 88% of landlords have just one or two buildings. This has made finding the right office or tenant overly difficult.”
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