Zurich-based memox, which specialises in designing Meeting and Conference Rooms for the post pandemic business world has raised €2.8 million in Series A funding. The investment round was led by Swiss Prime Site, 41 Group and other key players from the real estate, tech and investment banking sectors.
After the successful launch of 14 new spaces in the first half of the year, memox’s portfolio now comprises a total of 31 spaces at 6 venues in 3 different cities. Furthermore, the funds raised will enable memox to increase its presence in the DACH region and reach break-even in 2024.
Revitalises meetings post-pandemic
Founded by Dirk Dr. Reiner in 2016, memox aims to provide state-of-the-art solutions for the challenges of the post-pandemic business environment. The creative space concepts and high-quality technological equipment create an environment that promotes innovation and efficient communication. Its spaces are unique and highly functional for workspaces, team sessions, trainings and meetings.
Currently, memox is present in Zurich, Basel and Frankfurt. All locations are profitable and generate annual revenues of more than €7 million. 95% of all DAX and SMI companies already use its unique and innovative Meeting & Conferencing Services. Many landlords request the unique servitisation levels for their office buildings.
How does memox work?
At memox, customers get everything they need for successful planning and implementation of their meetings and events from a single source. Its all-round, worry-free solution includes unique rooms, reliable technology, food and drinks and personal support.
If customers need more than its hosting package offers, memox, which knows the best restaurants in the city, organises overnight stays in their partner hotels, book numerous supporting program offers and more. It has a pool of over 300 presenters at hand, all of them being qualified and tested by its team.
Interest remains high, according to Dr. Dirk Reiner (CEO). He said, “memox is already preparing a second closing to finance further market entries in Germany and Switzerland. With the current trends in the world of work and in the real estate environment, memox is ideally positioned to conquer the market.”