Seatti, a Munich-based hybrid office management platform, announced that it has secured €3M in a Seed round led by Acton Capital and Partech. Other investors, including pre-seed investors, Peak, and HPI Seed Fund, participated.
The German company’s mission is to enable every company and individual to work hybrid effortlessly. In this regard, we at Tech Funding News had a little talk with Christopher Bier, co-founder of Seatti, to find out more about fund utilisation, Seatti’s origin, challenges, and much more.
Speaking about it, Christopher Bier says, “The remote-first startup plans to use the new funding to more than triple its team, expand core functionalities of its hybrid work management tool, and address the high demand from enterprise clients. Doing so, Seatti expects to triple its revenues in 2022 and 2023.”
How was Seatti born?
Christopher Bieri (CEO), Johannes Eppler (CPO), Moritz Hartmann (CTO) founded Seatti in April 2021.
Talking about it, Bieri says, “The idea for Seatti came about while Chris Bieri was working at Tesla’s EMEA Headquarters in Amsterdam. While Tesla had already implemented a flexible working model, Chris found it painful that he didn’t know if and where desks would be available as well as lacked an overview of where his most relevant colleagues were working.”
What does Seatti solve?
According to a recent study, most employees prefer a hybrid work arrangement. 9 out of 10 organisations will be combining remote and on-site working in the future.
Even though hybrid work improves productivity and employee well-being, it brings several challenges, such as inefficient use of office space, less in-person collaboration between colleagues, and regulatory compliance concerns.
And here’s where Seatti comes into play!
The company has developed a hybrid workforce and shared workspace management software, where employees can book shared desks, rooms, and parking lots in corporate offices and plan their remote working locations.
With its solution, Seatti is tackling a rapidly growing market that’s currently worth over €30B.
Explaining the technology behind Seatti, Bieri notes “Seatti lays a heavy focus on deep integrability with the Microsoft ecosystem. The software can be used directly within Microsoft Teams, integrates with clients’ Azure Active Directory, and synchronises with Outlook, as well as Exchange.”
Challenges
“From day one we laid a laser focus on recruiting candidates who weren’t just “top-tier” but also perfect personal fits to the highly driven yet kind and empathetic culture we planned to create. Finding such candidates at a pace that matched our growth ambitions was a challenge, but we were able to address this by hiring team members remotely across the world. This also brought about the benefit of a highly diverse team, representing 12 different nationalities,” he says.
Growth
According to Bieri, the German SaaS company is currently focusing on medium to enterprise scale companies based in the DACH region. Currently, the company’s solution is in use in offices across Europe and North America.
In 2022, Seatti has grown over 30% per month, becoming Europe’s fastest-growing SaaS platform for hybrid workforces and shared workspace management.
The company works with some of Germany’s largest corporations, including Osram, Sixt, Sartorius, Mazars, and FlixBus.
What makes Seatti unique?
“Seatti is not just another office management software. While users can book shared desks, conference rooms, and parking with Seatti, the solution goes a significant step further to enable hybrid working as a whole,” says Bieri.
He further adds, “With Seatti, users also plan and share their hybrid work locations to find the ideal workspace based on the whereabouts of their favorite colleagues. In parallel, companies can analyse and integrate the booking data in a fully GDPR compliant manner to optimise their office spaces and ensure full compliance with work council, tax, insurance, and labor regulations.”
Investors
Acton Capital is an international growth venture capital investor investing in tech-enabled business models from Europe and North America. The firm has invested in +100 companies in B2B, SaaS, fintech, direct-to-consumer, future of work, or healthcare.
“Hybrid work is here to stay. What began as a sudden shift two years ago, will be a key differentiator for employers in the fight for talent across industries. Especially large organisations are now in urgent need of an agile solution to manage their fast-growing hybrid workforce. Thanks to its easy integration, intuitive use, and full compliance with all regulatory requirements, Seatti’s SaaS platform has convinced enterprise clients and employees alike,” explains Sebastian Wossagk, managing partner at Acton Capital.
“We’ve been impressed with what the team has accomplished within this short timeframe since launch. They’ve got the potential to make Seatti a key player in shaping this new market,” he adds.
Partech is one of the most active tech investors in the world, bringing together capital, operational experience, and strategic support for entrepreneurs at seed, venture, and growth stages.
“We have been instantly convinced by the passion and energy of Chris, Johannes, and Moritz and we are determined to support them in making Seatti a company that will permanently change the way employees of all generations can deliver more value together,” adds Romain Lavault, General Partner of Partech.
“Adoption by some of the most well-known companies only a few months after launching and the rave reviews of their users shows that this is already well underway,” he adds.
