Galway future of work firm Ronspot raises €650k

Halo business angels syndicate WxNW backs Galway firm Ronspot which is devising the future of the office.

Galway business Ronspot Solutions is to create 13 new jobs and invest in R&D after raising €650,000 from investors.

HBAN (Halo Business Angel Network) investors have contributed €400,000 to this funding round, while Enterprise Ireland has invested €250,000. Angels from HBAN’s Dublin, London and Singapore groups have also invested.

“In 2020, the working environment altered drastically and this trend will endure post-pandemic”

The company plans to more than treble in size by 2022 in order to meet the growing market opportunity offered by the increase in blended remote and in-office working trend.

Ronspot is adding to its research and development capability as it develops its office space booking system, allowing companies to save on their commercial real estate costs, by enabling employees to book the days they attend the office based on the availability of parking, desks, and lockers.

Ronspot: Will do exactly what you need for your office

The company is also adding personnel in its sales, marketing and operations departments as it seeks to build upon successes building a strong customer base in Ireland, the UK, Austria, France, and the Czech Republic, and rolls services out in Sweden, Belgium and Germany.

 “In 2020, the working environment altered drastically and this trend will endure post-pandemic,” explained Michael Furey, Ronspot Solutions’ founder.

“The majority of companies are likely to adopt a hybrid blend of remote and office working. To cater to this emerging market need and opportunity that companies have to save on office costs, it is critically important that they can easily manage employee access to more limited office facilities.

“This investment round of investment will enable us to maintain our upward growth trajectory across Europe as we empower more companies to decrease their office property commitments without reducing employee numbers. HBAN has been a great support in helping us to find angel investors who can bring both finance and know-how as we expedite our growth plans.”

Ronspot commenced life as a developer of parking space management solutions for enterprises across the pharmaceutical, utilities, aerospace and finance sectors. Its user-centric application aims to simplify workplace booking and office space and resource management by controlling and managing allocations in a fair and transparent manner.

“Ronspot has developed an application that can deliver far-reaching benefits for companies and employees across a wide range of industry verticals,” said Ultan Flaherty, HBAN Coordinator for the West Region.

“The company’s value proposition has been particularly enticing to angel investors looking for high potential start-ups addressing new market challenges. As enterprises inevitably look to adjust their office space requirements in line with current remote working trends, they will require a robust workplace booking solution to allocate space and resources. Ronspot is perfectly poised to grasp this opportunity, and we wish the team every success as they continue to make great progress across European markets.”

Pictured at top: Ultan Faherty, HBAN coordinator for the West Region; Michael Furey, Ronspot Solutions founder; and Colin Henehan, HBAN MedTech Syndicate chair.

By John Kennedy (john.kennedy3@boi.com)

Published: 7 December 2020