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Clearance Capital Limited has recently invested in Bright Spaces, a proptech startup specializing in revolutionizing the commercial space leasing process. This collaboration signifies a significant milestone for both entities, merging Clearance Capital’s extensive industry knowledge with Bright Spaces’ advanced technology. Bright Spaces focuses on developing customized 3D Digital Twins that prioritize compliance and aesthetics. The company has experienced a noteworthy 2x year-over-year growth since its inception, with a remarkable 737% growth rate over the last three years. It has established a client base spanning across Finland, the UK, Hungary, Poland, and Romania. With backing from prominent venture capitalists, with investments totaling over €3 million, Bright Spaces is currently in the process of raising a €2 million bridge round to expedite its growth towards Series A.
Jay Lakhani, Head of Venture Investments at Clearance Capital Limited, shared his perspective on the partnership, stating:
“We are pleased to embark on this journey with Bogdan and his team at Bright Spaces as they revolutionize the marketing and leasing of commercial spaces. Our extensive experience in the real estate sector has equipped us with a profound understanding of the challenges encountered by companies in commercializing their assets. We firmly believe that Bright Spaces represents an excellent investment opportunity, well poised to tackle these challenges and reshape the commercial real estate landscape. With their innovative strategies and dedicated team, we have confidence in their potential for success and anticipate the positive impact they will undoubtedly bring to the industry.”
In response to the collaboration, Bogdan Nicoara, CEO and Co-founder of Bright Spaces, expressed:
“This partnership with Clearance Capital marks a pivotal moment for Bright Spaces. Their investment not only validates the potential of our 3D Digital Twin solutions but also furnishes us with the necessary resources and support to elevate our vision and solidify Bright Spaces’ position within the proptech sector.”
As the partnership progresses, the combined efforts of Clearance Capital and Bright Spaces hold promise in reshaping the commercial real estate landscape. The infusion of capital and industry insights from Clearance Capital will propel Bright Spaces towards its Series A funding, signifying a significant stride in the evolution of the proptech startup. This collaboration underscores the mutual commitment of both entities to driving positive change in the planning, marketing, and leasing of commercial spaces.
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By Proptechbuzz
By Ravi Kumar
