Clearance Capital Limited has announced an investment in Bright Spaces, a proptech startup dedicated to reshaping the leasing process of commercial spaces. This partnership marks a significant milestone for both companies, combining Clearance Capital’s industry expertise with Bright Spaces’ cutting-edge technology. With a focus on creating customised 3D Digital Twins prioritising compliance and aesthetics, Bright Spaces has achieved a 2x YOY growth since its inception and a 737% growth rate in the last three years. The company has secured clients across Finland, the UK, Hungary, Poland, and Romania. Backed by important VCs with investments amounting to over €3M, Bright Spaces is currently raising a €2M bridge round to accelerate its growth towards Series A.
Jay Lakhani, Head of Venture Investments at Clearance Capital Limited, expressed his thoughts about the partnership, stating:
“We are delighted to be on the journey with Bogdan and his team at Bright Spaces as they transform the way commercial spaces are marketed and leased. Our experience in the real estate industry has provided us with a deep understanding of the challenges faced by companies in commercialising their assets.
We firmly believe that Bright Spaces is an excellent investment, well positioned to address these challenges and reshape the commercial real estate landscape. With their innovative approach and dedicated team, we are confident in the potential for success and look forward to the positive impact they will undoubtedly make in the industry.”
In response to the partnership, Bogdan Nicoara, CEO and Co-founder of Bright Spaces, said:
“This collaboration with Clearance Capital is a pivotal moment for Bright Spaces. Their investment not only validates the potential of our 3D Digital Twin solutions but also provides us with the resources and support needed to take our vision to the next level and enhance Bright Spaces’ position in the proptech sector.”
As the partnership unfolds, the joint efforts of Clearance Capital and Bright Spaces hold the promise of 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, marking a significant step in the evolution of the proptech startup. With a shared vision for innovation and transformation, this collaboration underscores the commitment of both companies to drive positive change in the way commercial spaces are planned, marketed, and leased.